Strategy consultants are professionals who offer an external and expert point of view on business issues. They can work in any sector, both in the public and private sectors, and are expected to dedicate all their time, effort, and attention to a particular problem. To become a strategy consultant, you'll need at least a bachelor's degree in business administration or a similar field. Strategy consultants have considerable industry knowledge and are expected to objectively evaluate high-level business problems.
They can provide their experience in market research and the competitive landscape so that the client can make informed decisions that benefit the health of their company. Once the executive team has approved the strategy, the consultant can work with management on the implementation plan. You'll use some consulting frameworks to delve deeper into business challenges and impress your customers with innovative ideas. Working as a strategic management consultant involves advising organizations on key strategic issues, such as market competition, profitability, or efficiency.
Not all consultants are required (or willing) to travel to their client locations, especially due to the global impact of the pandemic on business communication. However, many of the professional corporate consultants out there might try to tell you that if you want to have the fancy salary and lifestyle of a business consultant, you should forget about your sleep routine and your private life. Strategy consultants are present in virtually every industry and can provide an outside, expert perspective on business challenges. Most likely, you'll need at least a few years working in business and consulting before developing them.