How to Become a Business Consultant
What does it really take to become a successful business consultant? To become one, first and foremost, you’ve got to learn more about the job duties, education requirements, certifications, job outlook and median wages in order for you to figure out if this is truly the right career for you.
If you wish to be a business consultant, you must be aware that part of your duty is to offer advice to your clients, so they can run their business more efficiently and lucratively. With that, it is essential for you to explore on the following factors:
•The degree required for this career is Bachelor’s degree.
•The education field of study comprise of Finance, Economics, Management and Business.
•The pivotal skills required include time management skills, excellent problem solving skills and analytical communication.
•With regards to required certification; the IMC USA (Institute of Management Consultants USA) offers CMC certifications (Certified Management Consultant).
Business consultants are also referred to as management analysts. These are individuals who work in certain fields that compose of human resources, accounting, marketing and management. More than that, they work to help improve the firms by means of evaluating their weaknesses and recommending effective solutions. Most management analysts obtained a bachelor’s degree; however, for more job opportunities, it is best to obtain professional certification or hold a master’s degree.
The Job Description of Business Consultants
Business consultants offer an evaluation of the current company practices and they come up with viable recommendations for further improvements. In addition, they often specialize in one field of business management like the human resources.
The Duties of Business Consultants
A business consultant’s duty starts with the understanding of what actually clients want to fix or enhance. This may comprise of examining and determining business practices, going over financial statements as well as evaluating competitors.
Further, once research is already completed, management analysts may then come up with a new business model, prepare some effective recommendations, then clearly demonstrate these to the client.
The Requirements to Become a Business Consultant
Business consultants commonly require at least a bachelor’s degree in business administration or business management. On the other hand, other business-related areas like accounting and marketing may be suitable for those who prefer to pursue this career.
It matters to note that courses in a business program may compose of management principles, accounting, business law, communications, financial modeling and marketing. Meanwhile, an MBA (Master of Business Administration) with a specialization on consulting may greatly aid improve career possibilities and lead to higher starting wages. Typically, programs involve courses in business development, consulting practices and strategic management.
Required Certification to become a Business Consultant
Majority of employers may prefer business consultants who are certified. What is more, IMC USA (otherwise known as the Institute for Management Consultants) offers certified management consultant credential to business consultants who were able to pass a streak of oral and written tests.
Please be guided that this type of certification may last for a period of 3 years. Afterwards, it may be renewed by means of accomplishing academic courses or other forms of requirements, which are exclusively established by the Institute for Management Consultants USA.
Salary Information and Job Outlook for Business Consultants
Business consultants are classified as one kind of management analyst by the US Bureau of Labor Statistics (BLS). The BLS expected management analysts’ employment to rise by approximately 19% between the years 2012 and 2022. Likewise, it was reported that in May 2013, the median yearly wages among management analysts was $90,860.