Consulting is a term for providing business advice on various topics including, corporate strategy, product development, marketing, information technology, and operational improvement. But what most people mean when they talk about consulting is management consulting. Management consulting firms include top strategy firms such as Bain, BCG, and McKinsey. These firms hire business-savvy problem-solvers to help their clients:

Define the problems or opportunities their businesses face, Collect and analyze data to better understand the problem/opportunity and identify a recommended course of action, and Plan the implementation of that solution across the company.

Think of consultants as “doctors” for businesses – brought in to diagnose the root cause of an issue and then prescribe and implement treatments.

My Consulting Offer’s coaches have experience as consultants at Bain, BCG, McKinsey, and various other management consulting firms. We can give you insight into the industry and tell you what consultants do.

In this article, we’ll discuss:

• What is consulting?
• What do consultants do?
• Benefits of a career in consulting
• Downsides to consulting work
• Typical management consulting salaries
• How to become a consultant.