What does a Strategy Consultant do?
Learn all about Strategy Consultant duties, skills and much more. Get expert advice on how to become a Strategy Consultant.
Published 4 min read
A Strategy Consultant is a professional who helps organizations to develop and implement effective strategies. They work with clients to understand their business goals and objectives, and then help them to formulate and implement strategies that will help them to achieve these goals. Strategy Consultants also help organizations to assess their current strategies and make recommendations for improvements.
Strategy Consultant job duties include:
- Conducting business and market research
- Identifying opportunities and threats
- Developing growth strategies
- Creating and implementing business plans
- Conducting SWOT analyses
- Overseeing marketing campaigns
- Managing budgets
- Evaluating risks
- Generating reports
- Presenting findings to clients
Strategy Consultant Job Requirements
Strategy consultants typically have a bachelor's degree in business, economics, or public policy. Many have a master's degree or doctorate, and some have law degrees. Certification is not required, but many strategy consultants are certified public accountants (CPAs), certified management consultants (CMCs), or certified financial analysts (CFAs). Experience is also important; most strategy consultants have several years of experience working in the business world before becoming consultants.
Strategy Consultant Skills
- Analytical skills
- The ability to think strategically
- Excellent communication and presentation skills
- Project management skills
- Problem-solving skills
- Creative thinking
- Commercial awareness
- Financial analysis skills
- IT skills
- Marketing knowledge
- People management skills
How to become a Strategy Consultant
Strategy consultants are some of the most sought-after professionals in the business world. And it’s no wonder why – they play a critical role in helping organizations achieve their goals and objectives. If you’re looking to become a strategy consultant, here are a few things you need to know.
First, it’s important to understand what strategy consultants do. In short, they help organizations identify and implement the best course of action to achieve their desired results. This can involve anything from developing new business strategies to streamlining operations and improving efficiencies.
To be successful in this role, you need to have strong analytical and problem-solving skills. You must be able to think critically and creatively to identify opportunities and develop innovative solutions. You also need to be an excellent communicator, both written and verbally, as you will be presenting your recommendations to clients.
If you have the right skills and attributes, becoming a strategy consultant can be an extremely rewarding career. Not only will you get to help organizations achieve their goals, but you’ll also be well-compensated for your efforts. According to Glassdoor, the average base salary for strategy consultants is $112,000 per year.
If you’re interested in becoming a strategy consultant, the first step is to pursue a bachelor’s degree in business, economics, or a related field. Once you have your degree, you can then begin applying for jobs at consulting firms or businesses that require strategic planning assistance.
Related: Strategy Consultant Resume Example