An executive consultant is a professional who gives advice, support, and guidance to an organization's management team. Their insights help the companies to come up with feasible and viable solutions for corporate issues.
Their key functions include meeting with the decision-makers in a company or organization to assess their needs, analyze data and information, detect the problems, and present suggestions within a specified time frame. They may work as freelancers or members of a consulting firm.
To communicate the organization's complex concerns and problems with higher officials, they should possess expert interacting skills. They must be attentive, punctual, and dedicated since the scope of work entails great time and energy.
The basic requirement to be an executive consultant is a bachelor's degree in management, finance, economics, or any other relevant field. However, employers prefer candidates with a master's degree and a minimum of eight years of professional management experience.
There is more than meets the eye when it comes to being an executive consultant. For example, did you know that they make an average of $64.14 an hour? That's $133,402 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many executive consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed creativity, organizational skills and analytical skills.
When it comes to the most important skills required to be an executive consultant, we found that a lot of resumes listed 16.9% of executive consultants included healthcare, while 10.7% of resumes included business development, and 9.1% of resumes included project management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the executive consultant job title. But what industry to start with? Most executive consultants actually find jobs in the technology and professional industries.
If you're interested in becoming an executive consultant, one of the first things to consider is how much education you need. We've determined that 61.6% of executive consultants have a bachelor's degree. In terms of higher education levels, we found that 17.8% of executive consultants have master's degrees. Even though most executive consultants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an executive consultant. When we researched the most common majors for an executive consultant, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on executive consultant resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an executive consultant. In fact, many executive consultant jobs require experience in a role such as vice president. Meanwhile, many executive consultants also have previous career experience in roles such as director or consultant.