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As careers progress, consultants end up making somewhat less than investment bankers but more than persons in most corporate positions. The responsibilities of a consultant are significant, regardless of the size of the practice. In IT specialty firms, some analysts do attend graduate school after a few years, but it’s more common to progress up the management ladder without leaving the firm for an advanced degree.
This entry was posted on Sunday, October 30th, 2011 at 11:02 am and is filed under Business. Bankers also get to engage with the same clients for many years while consultants will generally move from client to client situation over the years. The vast bulk of analysts are young, talented, hungry, relatively recent college graduates.

Many strategy consulting firms structure this position to last for two to three years, after which the analyst is expected to move on—perhaps to graduate school or another employer. It often includes field research, data analysis, customer and competitor interviews, client meetings, and heavyduty programming.
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