The 5 most popular business consulting careers

Business consulting is a growing industry, with more companies seeking assistance to help them grow and stay competitive. There are many types of consulting services you could provide based on your education, experience, and the type of work that inspires you. Here are five popular choices you might consider:

1. Financial Consultant

In many cases, a business may hire a financial advising consultant to help manage their money, keeping expenses down and profits up in the long-term.

Financial consultant specialties include:

• Investment advice
• Financial planning
• Portfolio management
• Fundraising

The average yearly financial consultant salary is $74,470 as of May 2024.

2. Information Technology (IT) Consultants

IT consultants provide expert advice and services to organizations regarding their IT infrastructure, systems, and processes. They are usually in high demand as just about all businesses need an expert to handle their tech.

IT consultants usually fall into the following areas:

• Software Implementation and Support
• Cyber Security
• Telecommunications
• Data Analytics

The average annual salary for an IT Consultant is $71,957 as of May 2024.

3. Management Consultant

Management consultants are typically utilized when a business is going through a large-scale expansion or transition. They help solve complex problems, enhance operations, and achieve organizational goals.

Management Consultants generally are focused on one of these areas:

• Risk Management
• Project Planning
• Stakeholder Engagement
• Process Optimization
• Business Analysis
• Strategy Development

Management consultants make an average salary of $120,981 per year as of May 2024.

4. Human Resources Consulting

HR consultants assist with things like recruitment, company culture, corporate expansion, and talent hire.

Some Human Resources Consulting specialties are:

• Staff and Employee Relations
• Compensation & Benefits
• Recruitment

5. Business Consultant

Business consultants take a functional approach, focusing on immediate improvements within specific areas of a business. They may help streamline workflows, conduct market research to enhance sales, and increase efficiency.

Business Consultants fall into many categories such as:

• Industry Analysis
• Customer Service
• Marketing and Social Media
• Digital Transformation

Business consultants earn an average yearly salary of $123,715 as of May 2024.

Protecting yourself on the job

No matter your specialty, you’ll likely want to be sure your new consultancy is protected. BizInsure makes it easy for busy consultants to buy insurance quickly and paperwork-free. Go online to compare competitive quotes from multiple insurers or give us a call today.

 

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