|
CONSULTING (Source: Bureau of Labor
Statistics) |
 |
|
|
|
 |
About Consulting
Consultants analyze business operating procedures to
devise the most efficient methods of accomplishing work.
They gather and organize information about operating
problems and procedures and prepare recommendations
for implementing new systems or changes. Occupations
within the field include: systems analyst, quality control
inspector, management consultant, operations researcher.
The management, scientific and technical consulting
services industry is diverse. Almost anyone with expertise
in a given area can enter consulting. Management consulting
firms advise on almost every aspect of corporate operations,
including marketing; finance; corporate strategy and
organization; manufacturing processes; information systems
and data processing; electronic commerce (e-commerce)
or business; and human resources, benefits, and compensation.
Scientific and technical consulting firms provide technical
advice relating to almost all non-management organizational
activities, including compliance with environmental
and workplace safety regulations, the application of
technology, and knowledge of sciences such as biology,
chemistry, and physics.
A bachelor’s or higher degree generally is preferred
by employers, most jobs also require extensive on-the-job
training or related experience. Third, advancement opportunities
are best for workers with the highest levels of education.
Occupation Highlights:
- Although this industry ranks among the fastest
growing through the year 2012, job competition should
remain keen.
- Nearly one-quarter of all workers are self-employed.
- Seventy-two percent of workers have a bachelor's
degree or higher; 57 percent of all jobs are in managerial,
business, financial, and professional occupations.
- This industry is one of the highest paying.
Earnings
According to a 2003 survey conducted by Abbot, Langer,
and Associates, the median annual cash compensation
for junior consultants was $48,248; for consultants,
$58,817; for senior consultants, $80,000; for principal
consultants, $98,000; and for senior or executive vice
presidents (with an ownership interest in the firm),
$144,200.
Additional Resources:
Association of Management Consulting Firms
3580 Lexington Ave.
New York, NY 10168.
www.amcf.org
Association of Executive Search Consultants
500 Fifth Ave., Suite 930
New York, NY 10110
www.aesc.org
Council of Logistics Management
2805 Butterfield Rd., Suite 200
Oak Brook, IL 60523
www.clml.org
American Society of Safety Engineers
1800 E. Oakton St.
Des Plaines, IL 60018
www.asse.org
Institute of Management Consultants USA
2025 M St., Suite 800
Washington, DC 20036
www.imcusa.org
Investment Management Consultants Association
9101 E. Kenyon Ave., Suite 300
Denver, CO 80237
www.imca.org
Occupational Outlook Handbook (Bureau of Labor Statistics)
www.bls.gov/oco
Citation:
Bureau of Labor Statistics, U.S. Department of Labor,
Career Guide to Industries, 2004-05 Edition,
Management, Scientific, and Technical Consulting Services,
on the Internet at www.bls.gov/oco/cg/cgs037.htm
|
