Consultancy is a large and growing section of the economy. People employed as consultants provide advice to businesses, government, not for profit and other sections of the economy. They give high-level direction on the ways an organisation is managed and run, on projects and products, and on strategic-level decision making.
Consulting in Australia is dominated by the ‘big four’ firms - Deloitte, EY, KPMG and PwC – which provide most of the consultancy services to Australian organisations. A group of smaller companies – BCG, McKinsey & Company, Bain & Company, Accenture, Grant Thornton - take up a large slice of the remainder.
Careers in Consulting
Consultants are often hired by firms facing specific problems that require a solution over a short period of time. For example, a company may need scientific advice about a new product that can be manufactured or marketed, how to develop and implement environmental policies, or how to implement a change in legal regulations that affect the company.
As well as having scientific expertise, consultants need to have a flexible approach to work, must be able to work in a team, make connections in new work environments quickly, be adaptable and manage their own work and time.