Career Definition of a Business Transformation Consultant
Business transformation consultants are hired by companies to help them define future business goals and determine how to achieve those goals effectively. Part of what the business transformation consultant does involves assessing the current status of the company. They will evaluate their operations and how effective the company has been at meeting their goals. They will identify aspects of the company's operations that need to change in order to improve the company's performance.
Business transformation consultants also consider how the company should prepare for the future. They may help reshape company policies and philosophies that can help improve the company's performance. They may also identify areas for business development that will meet anticipated demand. In their role they may shape everything from hiring practices to staff training to production methods. They need to be able to see what is currently happening within the company as a whole and address specific issues by implementing corrective strategies and they also need to be able to project future demand so that the company can invest in the right products and services. They also need to be able to foresee any potential issues with their plans and come up with effective ways to prevent or resolve problems that could stem from their proposals.
|Educational Requirements||Bachelor's degree|
|Job Skills||Analytical skills, communication skills, organizational skills, mathematical skills, decision-making skills, attention to detail, time-management skills, interpersonal skills|
|Median Salary (2020)*||$70,564|
|Job Outlook (2018-2028)**||14% (management analysts)|
Sources: *PayScale.com; **U.S. Bureau of Labor Statistics
A bachelor's degree is required to become a business transformation consultant. Those interested in this career field will want to pursue studies in business administration or take courses in fields such as psychology and marketing. Studying economics can also be advantageous, because business transformation consultants need to be able to integrate economic forecasts into their proposals. Individuals with a bachelor's degree may also want to become a Certified Management Consultant (CMC) to qualify for more career opportunities in business transformation.
Business transformation consultants must have strong analytical skills in order to be able to review relevant data and use it to reach informed conclusions. They also need to be capable of communicating effectively and have the interpersonal skills needed to explain their proposals to management. Attention to detail is important because their work can involve studying a lot of procedures and data in order to identify areas for improvement. They need problem-solving skills in order to effectively address workplace inefficiency.
Career Outlook and Salary
The U.S. Bureau of Labor Statistics (BLS) reports that management analysts will enjoy a 14% job growth rate from 2018 to 2028. This occupational category encompasses the role of business transformation consultants. Per PayScale.com, business transformation consultants took home a median salary of $70,564 as of 2020.
Those who are considering a career as a business transformation consultant may want to gain practical workplace experience by developing relevant skills in other roles before advancing to a career in business transformation or may be interested in using their skills to address specific types of business issues. Through the links provided here you can learn about some careers that are related to the work that business transformation consultants do.