Business Consultant in Chicago, Illinois Salary
The average salary for a Business Consultant in Chicago, Illinois is $77,263 per year. Most people with this job move on to other positions after 20 years in this career. Experience has a moderate effect on pay for this job. A skill in Business Development is associated with high pay for this job.
|Salary||$56,369 - $114,524|
|Bonus||$2,081 - $17,452|
|Profit Sharing||$0.00 - $10,304|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$59,884 - $122,922|
Job Description for Business Consultant
Problem-solving expertise plays an important part in how successful the company is or can be. Though a business consultant can specialize in many different areas, their duties typically are somewhat similar. Most of the time, these consultants are hired during the start-up process of a new business, and it is their job to revitalize and organize the company to help it run more efficiently. Business consultants also may be in charge of improving a part of the business that is in dire straits. In some cases, the consultants will have to teach the employees how to use specific software to improve efficiency.Read More...
It is very important for a business consultant to have good leadership and communication skills. They need to have exceptional logical reasoning, ingenuity, and the ability to work well with others. Most of the time, business consultants will need a bachelor’s degree, and in some cases, they will need a master’s degree in business management or administration. They need to be proficient in areas such as business law, accounting, marketing, and communications. (Copyright 2017 PayScale.com)
Business Consultant Tasks
- Coordinate with partners to ensure overall business solution is positioned and implemented on a global scale.
- Build rapport with external vendors in order to support business objectives.
- Develop and update high-level roadmap of business initiatives and goals.
- Modify programs to enhance likelihood of meeting business goals.
- Balance customer requests and requirements with technical constraints.
Business Consultant Job Listings
Pay by Experience Level for Business Consultant
Pay by Experience for a Business Consultant has a positive trend. An entry-level Business Consultant with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 69 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 39 salaries. An experienced Business Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 18 salaries. A Business Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $151,000 based on 5 salaries.
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Key Stats for Business Consultant
Rated 4 out of 5
based on 20 votes.