Human resources consultancy service lines. They give them imaginative names, like “Human Performance” (at Accenture), “Organization” (at The Boston Consulting Group), and “Organizations, People, and Performance” (at Booz Allen Hamilton). Consultants in these areas work on everything from creating more effective organizations, to managing change, to developing training programs, to managing healthcare programs for their clients. The work is often strategic and focuses on the human issues of running a large company. Many of these are also data-driven, as in the case of actuarial consulting, which involves financial planning based on the company's long-term hiring projections. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Consulting firms are traditionally among the largest employers of top MBAs and graduates. More than half of participants in top MBA programs and a significant number of undergraduate students flirt with the idea of ​​becoming a management consultant after graduation. It's a high-paying, high-profile field that offers students the opportunity to take on a lot of responsibility right out of school and quickly learn a lot about the business world. Essentially, consultants are consultants hired by companies. They address a wide variety of business problems and provide solutions to their customers. Depending on the size and strategy chosen by the company, these problems can be as simple as finding a new market or as complex as completely rethinking the client's organization. No matter what the commitment, the power wielded by management consultants is hard to mock. They may advise a client to acquire a related company worth hundreds of millions of dollars or reduce the size of its workforce by thousands of employees. A word of clarification: “Consulting” is a big, catch-all term that includes virtually any form of counseling. This industry overview focuses primarily on the flavor known as management consulting. Often called strategic consulting, this segment of the industry includes firms that specialize in providing advice on strategic and fundamental operational issues. While some of the highest profile firms populate this segment, they are not the only ones consulting. In the business world, management consultants are jacks of all trades. Working through consultancies or as independent contractors, they advise companies and other organizations on an endless range of business strategy issues – from redesign to e-commerce, change management to systems integration. From billion-dollar mergers and acquisitions to corporate reorganizations where thousands of jobs are at stake, they are the behind-the-scenes directors of nearly every major market event. A career in consulting can encompass a wide variety of industries. A word of clarification: “Consulting” is a broad, one-size-fits-all term that includes virtually any form of counseling. Virtually anyone with a specialization in a field can offer a consultancy service; To keep this profile specific, we focused on management consulting, a broad category in its own right. Often called strategic consulting, this segment of the industry includes firms that specialize in providing advice on strategic and fundamental operational issues. Most management consultants hold paid positions at companies that serve a diverse clientele.