When a company has an important project that needs fine tuning, a business consultant is called in to find an efficient solution. As an outsider, this person has a more objective perspective on the condition of a company and its weaknesses, and is thus better suited to offer unbiased recommendations to improve the status of the business.
Business consultants often suggest relocating the company, opening new departments or removing departments and products that are causing the business to lose money. Some companies employ a private consulting firm to accomplish this task or even keep a consultant on the payroll.
A bachelor’s degree is necessary to gain employment in this field, and most job seekers continue with graduate courses to earn a higher degree in one specific area such as computer technology or business administration, or complete a MBA. Consulting firms are the most common employers, often preferring young talent who have a better grasp on current trends.
Those who work for a corporation typically have more diverse job duties, and often earn more money. The median salary for a person with a master’s degree is around C
$67,000, but recent graduates holding an MBA can get C
$100,000 or more out of the gate.