Business Consultant Job Description: Top Duties and Qualifications

Last updated: June 22, 2022

A Business Consultant, or Business Advisor, is responsible for helping companies maintain and improve operations by providing professional expertise to current procedures. Their duties include reviewing financial statements, meeting with company executives to identify goals and business needs and work closely with department heads to develop and oversee the implementation of specific goals.

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Business Consultant duties and responsibilities

A Business Consultant’s success depends on attention to detail. They must keep a careful eye on multiple aspects of a business while collaborating with business owners. A Business Consultant’s duties may include the following: 

  • Organize and assign business projects.
  • Meet with clients to perform assessments.
  • Develop and implement an ongoing budget.
  • Develop detailed business plans.
  • Help to recruit new hires.
  • Develop and implement promotional campaigns.
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What does a Business Consultant do?

Business Consultants typically work for corporations on a contractual or permanent basis to offer expertise and encouragement for their business goals. They use their expertise working in business or a particular industry to strategize about short- and long-term company goals and methods for success. Their job is to help companies to obtain loans or funding for financial stability, identify areas for improved communication and procedures and review market data to determine new areas for company growth. They may also work to establish more effective onboarding and training methods to help their clients obtain top-tier talent for their departments.

Business Consultant skills and qualifications

A successful Business Consultant will have various prerequisite skills and qualifications, including the following:

  • Strong leadership skills
  • Consulting and training skills and the ability to educate the business owners they work with
  • The capacity to lead and work as part of a team
  • Problem-solving skills and the ability to find unique solutions to problems
  • Analytical evaluation skills for budgeting and planning
  • Creativity

Business Consultant salary expectations

The average salary for a Business Consultant is $80,499 per year. Salaries can vary depending on the experience of the Business Consultant and the size, industry and geographical location of the companies they consult for. Some Business Consultants earn an average of $10,000 per year via profit sharing. 

Business Consultant education and training requirements

Business Consultants typically have a bachelor’s degree in accounting, business, finance, marketing or management. Experience with project management, accounting and leadership can be helpful in this role as well. Many companies hiring Business Consultants prefer applicants who have master’s degrees or other advanced education. They may also desire prior training in management and familiarity with business management software.  

Business Consultant experience requirements

Experience requirements vary depending on the type of business, but Business Consultants generally should have a firm grasp of organizational skills, creativity and project management skills. They should be able to establish detailed business plans that can achieve both long-term and short-term goals. 

Not only should Business Consultants be creative, but they should also use this thinking to take the lead on innovative approaches to company management. A Business Consultant must be able to handle the strategic and financial side of planning and should have a strong background in project management. Business Consultants must do more than come up with good ideas—they should be able to execute them as well.

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Frequently asked questions about Business Consultants

 

What is the difference between a Business Consultant and a Business Analyst?

The main difference between a Business Consultant and a Business Analyst lies in their areas of focus. Business Consultants and Business Analysts both work to help companies achieve financial success, but Business Consultants typically specialize in areas like HR to improve employee training and hiring needs. In contrast, Business Analysts have expertise in areas like IT that allow them to come up with better software programs to streamline communication and company procedures. 

Additionally, companies typically hire Business Consultants from a consulting firm to perform temporary, external roles. In contrast, Business Analysts typically work as permanent company employees in either the marketing, sales, IT or business development departments.

 

What are the daily duties of a Business Consultant?

On an average day, Business Consultants start by meeting with company executives and other officials to discuss company progress and any concerns they may have. Business Consultants also use downtime during the day to review financial documents and make notes for future interactions with executives. They also visit with department heads to review the progress of specific initiatives and answer questions. Business Consultants may also devote a portion of their day to leading department meetings and helping with training initiatives. Depending on the number of clients they have, Business Consultants also travel to other companies for meetings and assessments.

 

What qualities make a good Business Consultant?

A good Business Consultant is someone who uses their years of experience in business and a specific industry to help companies succeed in their goals. Business Consultants have an innovative mindset that helps them cultivate unique business strategies for their clients. They also have excellent written and verbal communication that allows them to connect with others and create clear messages to enact change. 

Further, a good Business Consultant can adapt quickly to new business environments. Being adaptable also helps them identify an appropriate role to assume within the company where they can best contribute to its success.

 

Who does a Business Consultant report to?

Business Consultants typically report to the company’s Chief Executive Officer (CEO). If they come from a consultant firm, they may also report to a Supervisor who provides them with assignments and advice for particular clients.

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