Consulting On The Rise Worldwide
Updated: May 13, 2021
Consulting jobs are on the rise worldwide outperforming many other jobs. It is estimated that consulting jobs are growing by more than 8% annually, which is a significant increase compared to other jobs. There are more than 700,000 consulting firms worldwide, they cover almost all aspects of the business. Emerging technologies had already disrupted the consulting industry. Covid-19 only accelerated the disruption with the overnight changes, including but not limited to lean budgets, contingency planning, and remote work transformation thanks to the millions of people sheltering in place. Before the pandemic, the consulting industry market growth experienced a halt at 0.5 percent in the U.S., far below other industries, even when consulting is a $250 billion global market, according to IBISWorld research (2021).
There is a rapid demand for strategic work unleashed by the pandemic uncertainty. Contingency planning, scenario planning, and business strategy are the top tier for businesses and organizations big or small, however, the outdated implementation services of in-person well-dressed consultants’ days are numbered. Due to the forced remote work and related technologies transformation, the consultant industry has shifted their product to the digital platforms. “Necessity is the mother of invention” (Plato) The rapid demand for technology, digitization, and working 100 % away from the office and be as effective is not for everyone.
Even though the pandemic has impacted traditional work in a negative way, it does present consulting firms with great business opportunities. For example, seeking guidance and expertise of consultants to map out future strategies and business scenarios will be in demand. Another service a consulting group can provide is to restructure a client's operations to become digital-first, ensure business continuity, and build resiliency for any future disruptions. Much the same as the post 2009 global recession, the consulting group's revenue could increase as more and more companies will need their services to reshape their business strategies.
Luckily, Organizational Solutions Group is a virtual organization with an extended network of exceptional consultants based in the United States. Our network provides expertise and in-depth knowledge on business formation, branding, IT solutions, organizational development, diversity and inclusion, accessibility study, leadership development, team development, revenue growth, among others, through various virtual platforms. We’re committed to solving complex business challenges using the latest technology and data resources, combined with our creative and collaborative strategic approach. Organizational Solutions Group helps all businesses not only reach but exceed their goals. Our experience helps us layout a strategy that perfectly fits our clients. This collaboration is essential for the successful transition from assessment to strategy, to action.
Consulting jobs fall into five main categories which are operation, business development, financial, human resources, risk & compliance, and strategy. The most demanded consulting jobs within these categories are IT, marketing, finance, legal, management, education, small business, and security consulting.
Providing consultation is not an easy task, it requires extensive experience and solid educational background. Moreover, a successful consultant must be a good and active reader to stay on top of the industry. Should you want to know more about becoming a successful and creative consultant, you can read our article on: “How to Be a Successful Consultant” where you can get a good word of advice.
Although it is not easy to be a consultant, its package of benefits and well-known for its high salaries deserves to work hard to become a consultant. The consulting career is one of the best careers in this dynamic market, and it brought a lot of benefits. Being a consultant allows you to do diversified work and deal with different people and clients. Moreover, your progress is all up to you, not to other people. In addition to the above benefits of the consulting jobs, pursuing this career will allow you to learn more and fast. Consequently, you will always be ahead of the curve.