EY Parthenon is the strategic consulting division of Ernst & Young (EY), one of the big four accounting firms. Parthenon consultants are renowned for their work on commercial due diligence projects, particularly in the healthcare and private equity markets. PwC Strategy&, similar to EY Parthenon, is the strategic consulting division of another of the big four accounting firms, PricewaterhouseCoopers. This firm is known for its exclusive strategy consulting team and robust operations team.
Bain & Company is one of MBB's big three consulting firms, making it one of the most prestigious consulting firms. It is said to have a more university-like environment and is particularly recognized as one of the best private equity consulting teams in the industry. Avencore is a technology and engineering-focused consulting company based in France, known for hiring staff from the best technical universities in the world. The consultants of this firm specialize in industrial, energy, manufacturing and other high-level engineering-intensive sectors. As a small business consultant, you would provide resources and guidance to small businesses.
To help them overcome new challenges, consultants come to the rescue by charging high fees for their services. It is believed that they are more likely to add direct value, which encourages revenue generation. Consulting professionals are paid based on this perception. Some health consultants work in private companies where they are all health consultants, but you can also find work in the health consulting division of a more generalist company. Consulting is a paid business that makes recommendations to clients without directly benefiting from the improvement in their performance. We have compiled a list of the 10 highest-paid consulting firms based on their estimated compensation for entry-level undergraduate consultants.
There are numerous specialties that a consultant can choose to focus on, however, all consultants have one mission: to act as assistants to companies on a semi-permanent basis. A business process consultant analyzes and evaluates the various strategies and systems that a company uses.
Health consultantsprovide advice to hospitals and other companies related to health care, such as pharmaceutical companies and medical device companies. Although consultants tend to earn less than their investment banking colleagues overall, they work far fewer hours which sometimes makes consulting the highest-paying alternative by the hour. As a small business consultant, you can provide general support or specialize in a particular area such as marketing, human resources or IT.
According to recent job openings at ZipRecruiter, the consulting services manager job market in the United States is very active with many companies hiring. Typically, the advice you provide as a consultant relates to human resources, technology, finance or other administrative and business development responsibilities. According to recent job offers at ZipRecruiter, the job market for vice president of consulting services in the United States is moderately active with several companies hiring. A franchise business consultant provides training and advice on behalf of a company to people who are opening or planning to open a franchise. This type of consultant predicts the environmental impact of their clients' business decisions. It is clear that consultants earn much less than bankers but many consider that the advantages of working in consulting go beyond closing the pay gap.
So which type of consultant gets paid the most? It depends on your specialty and experience but some of the highest paying jobs include business process consultants, health consultants, small business consultants, and vice presidents of consulting services.