Asked by: Latrisha Gschwandnerbusiness and finance management consulting industry
What is mean by consulting?
Last Updated: 29th April, 2020
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Also, what is meant by consulting company?
A consulting or consultancy firm isabusiness of one or more experts (consultants) thatprovidesprofessional feedback to an individual or an organizationfor afee. The deliverable of a consultant is usually adviceor arecipe to follow to achieve a company objective, leadingtoa company project.
Subsequently, question is, what's a consulting job? According to the Oxford dictionary, aconsultantis someone "engaged in the business of givingexpert advice topeople working in a specific field." In otherwords,consulting is simply the business of providing expertadviceto a specific group of people.
In this way, what is a consultant salary?
For example, according to job websitepayscale.com,management consulting associates with McKinsey& Co.earn an average of $102,000 per year, within a range of$72,000 to$174,000. The same management consultants atDeloitte earnan average of $90,000 within the range of $83,000 to$121,000 peryear.
Who are the Big 5 consulting firms?
The Big 5 firms were:
- Ernst & Young (EY)
- Deloitte & Touche.
- Arthur Andersen.
- PricewaterhouseCoopers (PwC)