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Consulting is the business of providing expert advice to a specific group of people. So what do consultants do? In a practical sense, they advise. They pull from their niche experience, industry understanding, and problem-solving abilities to offer valuable advice to a specific type of client or group of people. The number one benefit that consultants can offer to businesses is that they can provide temporary expertise. In addition, hiring a consultant enables cost benefits associated with a lack of taxes, the need to pay benefits, or human resources issues that are associated with hiring a new full-time employee. So why waste time making documents while you have loads of responsibilities to manage? Download a variety of templates for consultants in Word, Excel, Illustrator, Photoshop or InDesign and get rid of your problems of creating documents from scratch every time.
While problem-solving, gathering and analyzing hard data is critical to effectively building a case for, and eventually selling, a solution, consultants focus their energy on the key drivers that they can prove or disprove, by gathering and analyzing hard factual data. In a nutshell, they provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. They're essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance. For the wide variety of work, they need to make documents of different types that they put to use strategically. They include:
The skills to become a good Consultant are:
Different Types of Consultants are:
Financial Advisory Consultant.
Human Resource Consultant.
Consultants travel frequently, and a typical schedule is to fly out on Monday morning, fly home on Thursday night, and work from the home office on Friday. The exact schedule varies based on the consulting firm and the client. A benefit of the travel is getting to see new places on the company's dime.
Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week.
First-year consultants with a Bachelor's degree at most major firms (often referred to as "associate consultants") can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000.