What does a consultant ?• Helps clients solve complex business issues• Analyzes existing business problems• Develops plans for improvement and growth
Types of Consulting: Strategy Human Outsourcing Resources IT Marketing Consulting Economic/ Financial
Strategy : help clients improve profitability lunch a new product enter a new market merge or acquire another company implement a plan for growthHuman Resources: organizational restructuring employee schemes and company policyIT Consulting: reviewing technology infrastructure implementing new software solutions designing programs and systems analysis and design
Economic/ Financial: Forecasting growth Risk analysis and budgetingMarketing: Undertaking market research Implementing new sales tactics Reorganization of distribution channelsOutsourcing: Research into effect of outsourcing industry functions such as IT of HR
A day in the life of a consultant Responding to emails Financial and Data analysis economic and research modelling Idea Information generation gathering Reviewing Producing processes at a power-point client presentations Client meeting and interviews
Training & Qualifications Certified Management Consultant (CMC) Accountancy qualifications such as: Chartered Management Accountant (CIMA) Chartered Certified Accountant (ACCA) Certified Management Accountant (CMA) Chartered Accountant (CA)* you will usually start of by undertaking a series of shortterm projects when you join; giving you maximumexposure to clients which is considered the best way tolearn.
Career Development Consultants follow a range of career paths. Many remain in the industry, often specialising in a particular area such as Financial institutions, Oil & Gas, Aerospace or Retail. Some move to Fortune 500 companies Set up their own business or even freelance themselves as an individual consultant.