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BUSINESS CAREER GUIDES

Business Consultant Career

OVERVIEW

What Is a Business Consultant?


 

Business consultants partner with organizations to help them identify areas of improvement and offer strategic aid. They use their in-depth industry knowledge to offer an outside perspective to problems that organizations may struggle to solve on their own. Many business consultants study market trends, consumer behavior, and business management principles and then apply their skill set to unique scenarios.

Business and management consultants offer a wide array of services tailored to their client organizations. For example, they may help the leaders of a banking corporation increase morale among their employees, or they might advise the CEO of a home security company on how to boost door-to-door sales numbers. Some consultants work exclusively with executive-level personnel, while others engage with specific organizational departments like human resources or IT.

RESPONSIBILITIES

What Does a Business Consultant Do?

A consultant’s main objectives include maintaining high business performance levels and promoting healthy business development. Their day-to-day responsibilities vary depending on the business they’re working with, the industry in which the business operates, and the goals the organization hopes to achieve. However, common duties include the following:

  • Meeting with clients. Business consultants need to communicate with their clients in-person or remotely to establish expectations, discuss plans, create goals, and more.
  • Analyzing data. An analytical mindset is crucial for consultants to record, evaluate, and interpret data relevant to their work.
  • Researching and benchmarking. Improving business operations requires thorough research of the organization, including its employees, customer base, finances, and goals.
  • Solving problems. Whether alone or with business leaders, consultants are expected to think creatively and strategically to find solutions to problems both minor and major.
  • Developing strategy. Business consultants use their industry knowledge to develop comprehensive strategies that their clients can implement.
  • Engaging with stakeholders. Successful business consultants know to keep in constant touch with any stakeholders involved in addition to leadership teams. This way, everyone invested in the organization’s success stays informed.
  • Preparing deliverables. These may include written or digital reports, presentations, charts, booklets, or other items that help convey relevant strategy.
  • Managing projects. While some business consultants leave project management to their clients, many consultants take the lead on—or colead—projects designed to improve business operations.
  • Pursuing continuous learning. For any consultant to stay sharp throughout their career, they should continue to educate themselves through trainings, conferences, and seminars.

EDUCATION & BEST DEGREES

How Do I Become a Business Consultant?

Typically, business consultants study at the university level and obtain a bachelor’s degree in a relevant field. This way, they can acquire enough industry knowledge to understand how to help their clients. Some earn certification to bolster that knowledge.

 The following list discusses steps to take to become a business consultant:

  • Earn a bachelor’s degree in a related field. This might include business managementmarketing, or the specific discipline you plan on consulting in.
  • Pursue industry certifications. These allow you to differentiate yourself from competition and stand out to potential employers like consulting firms.
  • Advance your career with an MBA. Though not always required, a master’s in business administration can be particularly useful for attaining higher-paying jobs.
  • Apply for business consultant jobs. Make sure that you update your résumé and cover letter as needed and prepare yourself for job interviews.

Best Degrees for a Business Consultant

Marketing – B.S. Business Administration

For those who want to lead brands and steer consumer markets:...

For those who want to lead brands and steer consumer markets:

  • Time: 71% of graduates finish within 40 months.
  • Tuition: $3,755 per 6-month term.
  • Courses: 41 total courses in this program.

Some careers and jobs this business degree will prepare you for:

  • Marketing and PR manager
  • Director of marketing and communications
  • Director of publications
  • Customer intelligence manager
  • Marketing sales manager

Marketing is a creative and exciting field—and one where an undergraduate degree will open better opportunities.

Business Management – B.S. Business Administration

Hone your business acumen and garner added respect:...

Hone your business acumen and garner added respect:

  • Time: 70% of graduates finish within 42 months.
  • Tuition: $3,755 per 6-month term.
  • Courses: 40 total courses in this program.

Sample careers and jobs this business degree will prepare you for:

  • Account executive
  • Business analyst
  • Program manager
  • Director or senior director
  • Vice president

This online degree program is an excellent choice for kick-starting your organizational management career.

Master of Business Administration

The flexible MBA program you need, focused on business management,...

The flexible MBA program you need, focused on business management, strategy, and leading teams:

  • Time: Graduates can finish in 12 months.
  • Tuition: $4,755 per 6-month term.
  • Courses: 11 total courses in this program.

Sample careers and jobs this business degree will prepare you for:

  • President and CEO
  • Vice president
  • Executive director
  • Chief strategic officer

Our competency-based model gives you an innovative learning experience you won't find anywhere else—and our MBA grads tell us they loved accelerating their program to see a faster ROI.

How Much Does a Business Consultant Make?

$95,290

According to the U.S. Bureau of Labor Statistics (BLS), the average annual salary for business and management consultants in May 2022 was $95,290. The lowest 10% of earners made about $55,590 while the highest 10% made more than $167,650.

What Is the Projected Job Growth? 
 

10%

The BLS states that jobs in business consulting are projected to grow by 10% from 2022 to 2032, which is much faster than the average for all occupations. Over 100,000 openings for business consultants are projected each year on average over the decade.

SKILLS

What Skills Does a Business Consultant Need?

Acquiring a diverse set of skills can help business consultants thrive in their designated industry as they work with client organizations. Some of the most indispensable skills include:

  • Analytical thinking
  • Problem-solving
  • Written and verbal communication
  • Presentation
  • Interpersonal skills
  • Negotiation
  • Conflict resolution
  • Business acumen
  • Industry knowledge
  • Project management
  • Adaptability and flexibility

Consultants should remember to adapt their skills to the specific business model they’re working with. By using the right skills in the right situations, business consultants can be a greater boon to their clients.

Our Online University Degree Programs Start on the First of Every Month, All Year Long

No need to wait for spring or fall semester. It's back-to-school time at WGU year-round. Get started by talking to an Enrollment Counselor today, and you'll be on your way to realizing your dream of a bachelor's or master's degree—sooner than you might think!

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Interested in Becoming a Business Consultant?

Learn more about degree programs that can prepare you for this meaningful career.