{"id":1052,"date":"2022-08-12T14:09:13","date_gmt":"2022-08-12T14:09:13","guid":{"rendered":"https:\/\/theforage.wpengine.com\/?p=1052"},"modified":"2024-08-01T10:24:56","modified_gmt":"2024-08-01T14:24:56","slug":"strategy-consultant","status":"publish","type":"post","link":"https:\/\/theforage.wpengine.com\/careers\/strategy-consultant","title":{"rendered":"What Is a Strategy Consultant?"},"content":{"rendered":"\n

If you have a business background and love working on complicated business and management strategies, a job as a strategy consultant may be the perfect fit. These consultants help companies and organizations develop strategic plans for specific goals.<\/p>\n\n\n\n

Ready to learn more about a strategy consulting<\/a> career? In this guide, we explain what strategy consultants do, the average strategy consultant salary and necessary skills, and how to become a strategy consultant.<\/p>\n\n\n\n

What Does a Strategy Consultant Do?<\/h2>\n\n\n\n

A strategy consultant works with a company’s CEO, board, and senior managers to provide strategic, unbiased advice for various business decisions and goals. Like a health care professional<\/a>, a strategic consultant’s job is to diagnose a company’s problems and prescribe strategies to fix them. <\/p>\n\n\n\n

Strategy consultants can work in any industry in both the public and private sectors \u2014 and may have specific titles like marketing strategy consultant or business strategy consultant. Their primary objectives are to help an organization achieve its goals and improve performance with these general steps:<\/p>\n\n\n\n

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  1. Meet with clients to learn about their business objectives.<\/li>\n\n\n\n
  2. Analyze the organization’s current processes.<\/li>\n\n\n\n
  3. Identify issues and areas for improvement.<\/li>\n\n\n\n
  4. Conduct market research to find solutions.<\/li>\n\n\n\n
  5. Create reports and presentations.<\/li>\n\n\n\n
  6. Devise strategies and make recommendations.<\/li>\n<\/ol>\n\n\n\n

    Depending on the firm, some consultants also oversee the implementation of recommended business strategies.<\/p>\n\n\n\n\t

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    \n\t\t\t\t\t\"BCG\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

    BCG Introduction to Strategy Consulting<\/h2>\n\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

    Help a fictional luxury clothing company increase sales revenue in this free, short job simulation.<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

    \n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEnroll now\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t
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    \n\t\t\t\t\t\tAvg. Time:<\/span>\n\t\t\t\t\t\t1-2 hours\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

    \n\t\t\t\t\t\tSkills you’ll build:<\/span>\n\t\t\t\t\t\tCreativity, critical thinking, brainstorming\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

    \n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEnroll now\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\n\n\n

    Strategy Consultant Salary and Job Outlook<\/h2>\n\n\n\n

    Although salaries vary based on several factors, the average base salary for a strategy consultant is around $98,000 per year, according to PayScale<\/a>. Total average pay \u2014 including bonuses, profit sharing, commissions, and other earnings \u2014 ranges from approximately $68,000 to $170,000 annually.<\/p>\n\n\n\n

    Experience level has a big impact on a consultant’s salary. Below is the average annual base pay according to career level and years of experience:<\/p>\n\n\n\n