What does a Principal Business Consultant do?
A Business Consultant is usually part of a more substantial Business Consulting Firm. However, if a particular person has a strong reputation, they can be an independent Business Consultant. The primary role of a Business Consultant is to help other companies optimize and improve their overall business model. They utilize the information available from that company to help with simple and complex optimization issues.
A Business Consultant is usually part of a more substantial Business Consulting Firm. However, if a particular person has a strong reputation, they can be an independent Business Consultant. The primary role of a Business Consultant is to help other companies optimize and improve their overall business model. They utilize the information available from that company to help with simple and complex optimization issues.
- Examine trade area for new business opportunities
- Travel to new and ongoing clients businesses
- Successfully pitch an optimization strategy to new clients
- Work with marketing and business analytics to design a business plan
- Present findings to clients with solutions
- Assist with the implementation of changes
- Follow up with clients during and after transition
- Remain their point of contact for ongoing business reviews
- bachelor's Degree in Business, Marketing, Accounting or related field
- Double bachelor's or advanced degree (preferred)
- 3+ years experience in the consulting field
- A firm grasp of current market trends
- Strong written and verbal communication skills
- Robust interpersonal capability
- Excellent analytical abilities
- A drive to work autonomously while still achieving goals
- A valid driver's license with transportation
How much does a Principal Business Consultant make?
Base Pay
Additional Pay
$206,170
/ yrPrincipal Business Consultant Career Path
Learn how to become a Principal Business Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Principal Business Consultant Insights
Eaton Vance“You learn a lot about finance and it is a great stepping stone for a career in financial services”
Tata Consultancy Services (North America)“Not good work life balance but at the end it all depends how one manages his own time and responsibilities”
IGT Solutions“1. Conversational AI and Intelligent Automation Practice Team is really good to work with.”
Intangent“Great place to start your career as a new grad or restart your career as a newcomer”
Management Solutions“Middle and top management not the best; project mostly on regulated industries; 2 year master that you cannot escape from”
EY“You will work in one of the best working places in the country (if not the best).”
StoreHub“No salary increase unless you get promoted or get a counter offer when you tender your resignation.”
Corporate Business Solutions“Maybe additional training for new hires so I dont have to answer a million questions.”
Frequently asked questions about the roles and responsibilities of a Principal Business Consultant
When working as a Principal Business Consultant, the most common skills you will need to perform your job and for career success are Consulting Experience, Lean Six Sigma, Machine Learning, Agile Scrum, and Segments.
- Consultant
- Management Consultant
- Systems Engineering Manager
- Systems Analyst
The most common qualifications to become a Principal Business Consultant include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.