Question: What Should I Major In If I Want To Be A Consultant?

What should I major in to be a consultant?

The Top 8 Undergrad Consulting MajorsEconomics.Engineering.Finance.Psychology.Political Science.Computer Science.Physics.Chemistry.More items….

How do I become a successful consultant in my own field?

How To Be a Consultant: 10 Steps to Self EmploymentStep 1: Identify the Niche in Which You Have Knowledge and Experience. … Step 2: Acquire the Certifications and Licenses. … Step 3: Decide Your Short and Long Term Goals. … Step 4: Choose Your Target Market. … Step 5: Research Your Target Market. … Step 6: Consider a Home Office. … Step 7: Build Your Network.More items…•

Is McKinsey a big 4?

McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG, PwC): Differences & similarities. McKinsey, BCG, and Bain (MBB) are very different companies. … All three are equally prestigious management and strategy consulting companies with global standards and integrated approaches to solving their clients’ issues.

Who is the world’s highest paid consultant?

To do that, I went to one of the most successful consultants in the world. In fact, if you google “helping successful leaders,” you’ll notice something strange. Virtually all of the 3,530 search results point to one person: Dr. Marshall Goldsmith.

Is consulting a good job?

Joining a consulting firm is one of the quickest and most effective ways to build a vast and valuable network. … The large network you build will likely span across cities, companies, and seniority levels—and is definitely one of the best reasons to work in consulting.

How do I market myself as a consultant?

10 Effective Marketing Strategies for New ConsultantsPlace Google and social media ads.Launch an email newsletter.Host events.Reach out to potential clients directly.Attend networking events.Get referrals.Speak and present at events.Make connections on social media.More items…•

Is McKinsey hard to get into?

The odds of getting hired by McKinsey & Company are less than 1%. Deemed one of the “Big Three” consulting firms, a job at McKinsey is more than coveted. In 2018, the firm received 800,000 applications, but only 8,000 people got offers, the company told Business Insider.

Is EY better than Deloitte?

Deloitte is just a fraction smaller than PwC. It gets significantly less of its revenue from audit services and more from consulting. EY is one of the larger companies by staff members, with a comparatively balanced spread of services. In 2015 it had the fastest overall revenue growth of the Big Four.

How can I become a good consultant?

The 10 Steps To Becoming A ConsultantEmbrace The Entrepreneurial Mindset.Identify Your Optimal Niche.Identify A Common Problem You Can Solve.Create Your Consulting Value Proposition.Build Your Online Hub.Create A Repeatable System For Attracting Leads.Optimize Your Method For Closing Sales.Improve Your Delivery Method.More items…

What are the highest paid consultants?

List of highest paid consultantsFinancial risk management consultants. … Economic consultants. … Human resources consultants. … Regulatory compliance consultants. … Tax consultants. … Business process management consultants. … IT consultants. … Accounting consultants.More items…

How many years does it take to become a consultant?

They have clinical responsibilities and administrative responsibilities in managing SAS and junior doctors. They usually work in hospitals or community settings. After graduating from medical school, it takes around six to eight years to become a consultant.

How prestigious is Deloitte?

Deloitte is not “prestigious.” … In US there are a range of consulting firms that are second tier to MBB, such as, LEK, ATK, Accenture and the big 4 accounting firm’s consulting arm (PwC (Strategy&), Deloitte, E&Y and KPMG).

Does major matter for consulting?

If you have drive, determination, work ethic, coachability, emotional intelligence it’s not going to matter too much what your major was. … But your major shouldn’t define you. You have to make sure you, the person, has all the intangibles firms are looking for.

Do consultants make a lot of money?

First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. This figure includes base salary, signing bonus, and relocation expenses.

Why are consultants paid so much?

A classic reason why consultants may be highly paid is that consultants may value price their services (or at least charge a premium to reflect value).