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Corporate consultant hiring summary. Here are some key points about hiring corporate consultants in the United States:
Here's a step-by-step corporate consultant hiring guide:
A corporate consultant is a business expert; they provide advice, offer strategies to optimize operations, and solve business issues. They are responsible for conducting market research, conducting new market studies, gathering and assessing data from a business, and identifying the weaknesses and strengths of existing company programs. Through their research findings, a corporate consultant develops conclusions and recommendations to help companies make business decisions or achieve their goals.
Before you start hiring a corporate consultant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect corporate consultant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents corporate consultant salaries for various positions.
| Type of Corporate Consultant | Description | Hourly rate |
|---|---|---|
| Corporate Consultant | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $46-79 |
| Business Analyst-Consultant | A business analyst-consultant is responsible for overseeing the project management and ensuring that the operations meet the agreed-upon project deliverables. Business analyst-consultants closely coordinate with the clients for their specifications and requirements, monitoring the resources and processes for the project completion, and aligning those to the clients' budget goals... Show more | $31-58 |
| Business Development Consultant | The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models... Show more | $25-65 |
Including a salary range in the corporate consultant job description is a good way to get more applicants. A corporate consultant salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a corporate consultant in Nevada may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level corporate consultant. Additionally, a corporate consultant with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $151,504 | $73 |
| 2 | Washington | $144,843 | $70 |
| 3 | Texas | $140,876 | $68 |
| 4 | Massachusetts | $138,942 | $67 |
| 5 | Colorado | $134,230 | $65 |
| 6 | Illinois | $126,379 | $61 |
| 7 | Missouri | $124,692 | $60 |
| 8 | Minnesota | $121,927 | $59 |
| 9 | New York | $120,155 | $58 |
| 10 | Pennsylvania | $119,222 | $57 |
| 11 | Georgia | $111,336 | $54 |
| 12 | Indiana | $105,843 | $51 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | FTI Consulting | $144,824 | $69.63 | 23 |
| 2 | Chatham Financial | $143,838 | $69.15 | |
| 3 | Eli Lilly and Company | $143,504 | $68.99 | 1 |
| 4 | Berkeley Research Group | $137,212 | $65.97 | 38 |
| 5 | Dell | $134,135 | $64.49 | 3 |
| 6 | J.P. Morgan | $131,960 | $63.44 | |
| 7 | Accenture | $129,496 | $62.26 | 658 |
| 8 | UPMC | $129,119 | $62.08 | |
| 9 | EMC | $127,903 | $61.49 | |
| 10 | JPMorgan Chase & Co. | $124,236 | $59.73 | 80 |
| 11 | Alvarez & Marsal | $123,706 | $59.47 | 10 |
| 12 | Kinetic Worldwide | $122,122 | $58.71 | |
| 13 | QuintilesIMS | $118,746 | $57.09 | 24 |
| 14 | Liberty Mutual Insurance | $117,597 | $56.54 | 6 |
| 15 | Regions Bank | $111,624 | $53.67 | 3 |
| 16 | Discover | $107,059 | $51.47 | |
| 17 | RubinBrown | $103,566 | $49.79 | 4 |
| 18 | Idhasoft | $101,511 | $48.80 | |
| 19 | Milk Specialties Global | $100,932 | $48.52 |
A good corporate consultant job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a corporate consultant job description:
There are a few common ways to find corporate consultants for your business:
To successfully recruit corporate consultants, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best corporate consultant candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new corporate consultant. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring corporate consultants. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new corporate consultant employee.
You can expect to pay around $127,275 per year for a corporate consultant, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for corporate consultants in the US typically range between $46 and $79 an hour.