TSR Wiki > Careers > Career Options > A-Z of Careers > Consultancy

 
 
Job Opportunities
Search for jobs on TSR's partner site, Guardian Jobs.
Or, search for jobs on the UK's largest jobs database, Jobcentre Plus.
 
 
The Forum
Want to talk about jobs in Consultancy? Then visit the Investment Banking and Consultancy subforum.
Or, chat about other financial roles in the Finance and Accountancy subforum.
 
 
Other Links
Find out about the Institute of Business Consulting, the only one in its field.
Why not find out about the Professional Contractors Group that supports freelance consultants.

What does Consultancy involve?

Quite a few industries use the term consultant (eg beauty consultant, travel consultant, consultant in a hospital) but to many people, they are mainly concerned with business and management. A consultant is generally an expert in a particular field who offers specialist business advice to companies with some form of business problem that can't be handled in-house. The recession in certain industries, such as manufacturing, has meant some companies are less inclined to pay money to outside organisations, and rely on internal experts.

At present the biggest users of consultants are the financial, public (central and local government) and communications sectors.

Why should I apply for a career in Consultancy?

  • Excellent financial rewards
  • Job variation
  • Client facing roles
  • The prospect of helping smaller companies progress

Recommended Books

Training and Applicants

Entry below degree level is unusual. As jobs can be so competitive, you will often be expected to have postgraduate qualifications - either to become increasingly specialist or to gain a management qualification, such as an MBA. Consultancy staff will need to have excellent communication and IT skills.

What opportunities are available within the sector?

Opportunities exist with one of the few really large consultancy firms, who turn over millions of pounds in profit, or with any one of a number of smaller companies. Self-employment is also a possibility for experienced consultants. A large number of consultancy firms run graduate training programmes. Information on these can be found here.

Visit the relevant forum

Latest relevant discussions Last post/replies
2017 Consulting summer internships/Graduate scheme 1 Hour Ago Replies: 348
2017 Investment Banking Graduate scheme 1 Hour Ago Replies: 1116
What do Investment banks do - my paragraph - what changes should I make? 1 Hour Ago Replies: 0
What investment banks do, is this paragraph roughly accurate, 2 hours ago Replies: 30
** Official Investment Banking Spring Week 2017 Thread ** 3 hours ago Replies: 3631
Go to Investment banking and consultancy forum Post new thread

Further Information

As with many industries, competition might come from foreign firms. Some of them will be able to provide the same expertise, but at much lower prices. In response, a few of the large (and expensive) UK firms may be forced to cut staff or try to give organisations buying-in consultants more value for money. Smaller firms, who tend to charge less than the large ones, may get a bigger share of the work. This has already started to happen.

Case Studies

Username:

When did you begin training?

How did you find the traning?

Did/do you enjoy the job?

Have you gained anything from this job and if so, what?

Try Learn together, TSR's study area

35,709
revision notes

39,336
mindmaps

39,751
crosswords

15,208
quizzes

create
a study planner

thousands
of discussions


Poll
Do you think you'll achieve your predicted A Level grades?
Study resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE