Consultants earn an average salary of £39,538 or £30.00 per hour, with bonus, commission and profit-sharing up to £3,750, £10,000, and £3,170 respectively.
Pay by Experience Level for Consultants
The entry-level, years of experience and the average salary for Consultants are as follow:
Entry-level Consultants with less than one-year experience earns £26,442 (bonus, overtime pay, and tips are included)
Early-career Consultants with 1-4 years of experience, can expect to receive £36,307.
Mid-career Consultants with 5-9 years of experience will pocket £48,206.
Experienced Consultants with 10-19 years of experience will make £53,529.
Late career Consultants with more than twenty years’ experience can look forward to a total average of £50,398 compensation.
Essential Skills for Consultants
Business Analysis, Project Management, Business Strategy, IT Consulting and Client Interaction are some of the most popular skills for Consultants.
How to Become a Consultant?
Because we live in a fast-paced world and do not have time to sit down and review all the careers available to those who wish to work for themselves, people often rush into taking a job as a consultant.
However, it is essential to note that some industries require specific qualifications before working as a consultant. For example, an online computer consultant will be required to have completed a bachelor’s degree and at least one year of experience.
If you already have a bachelor’s degree, there are other things you should know when applying for jobs as a consultant. Additionally, a consulting firm will require that you take courses and training to learn about your particular field of specialisation.
One of the most effective ways to get your foot in the door of the industry as a consultant is to consult with others in your field. Doing so can help you determine those opportunities that are best for you. Also, it gives you a greater understanding of the expectations of the business environment and what they are looking for. This will help you better understand your clientele. However, before you meet with anyone, you will need to decide what degree level would best fit your personality and goals.
While many degrees allow for a consultant to pursue their dreams, some require you to have prior training or other types of experience. The first step to getting a job as a consultant is to find out the best option available to you. Most of the times, one of the first steps to take is to talk to your current boss. Ask them how you can start as a consultant and what their requirements are. After you meet with your current employer, it is time to start looking for work as a consultant.
What Do Consultants Do?
Consultants play a vital role in the internal project review process. They assist project managers by engaging with their team and getting their feedback on the progress, goals, and deliverables. It’s a prime team players’ role to understand the challenges that the client is facing and pinpoint the key elements that should be implemented. Consultants must demonstrate their expertise by reviewing the feasibility, suitability, and overall value of the work being done by the client. They also provide value by regularly generating project estimates, assessing and validating information requested by project managers, and reporting on their team’s progress on deliverables.