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Is Consulting More Than Giving Advice?

Tom Spencer

Every year strategy consulting firms and agencies that specialise in executive business management and the “maximising shareholder value” approach receive billions of dollars for their services (Management Consulting, 2020). Are consulting firms about more than just advising management? Hierarchy of Consulting Purposes.

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Management Consulting Salary Guide for 2019

CaseInterview.com

Management consultant salaries in the United States will vary by position and experience. Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. These consultants take home a total amount of $250,000- $300,000. Other Consulting Firms Salaries.

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Impact of Data Analytics in Consulting

Tom Spencer

“Data scientists, fast computers, and advanced software are replacing traditional decision-making processes and disrupting tried-and trusted traditional consulting methodologies, with Big Data being one of the main forces of disruption” ( Tras, 2015 ). So, how does big data create value for consulting firms?

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Has the MBA become Redundant for a Career in Consulting?

Tom Spencer

The excerpt above from the New York Times illustrates the strong reality of a career in consulting. That is, there is no one degree program that prepares graduates for this career ( How to Become, 2019 ). According to a New York Times article from 2000, more than half of the consultants at McKinsey & Company do not have an MBA.

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Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

Data analysts often work closely with key business functions including marketing , product development, information technology, finance, and management to identify consumer trends, anticipate issues, and present evidence-based solutions to support strategic decision-making. Required Skills. According to the U.S.

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Tackling the Case Interview

Tom Spencer

The logical reasoning you use to work through the case is just as important as the conclusions you reach” ( The University of Sydney, 2019 ). Every year, consulting firms get hundreds of applications and the human resource team will select those who have the skills to communicate why they are a candidate worth taking a chance on.

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5 Steps to becoming a Successful IT Consultant

QEmploy

What does an IT Consultant do? An IT consultant’s role is to provide their clients with expertise and practices in order to help them with relevant IT solutions and services. A consultant can also give organizational advice, offer guidelines for sourcing and managing the client’s IT resources. Know your motivation.