this video is sponsored by squarespace the all-in-one platform to build a beautiful website
hi i'm kchoi welcome back to my channel if you're new here i'm a consultant i make videos
about consulting and i work remotely out of new york for a boutique change management consulting
firm i kind of have an untraditional background when it comes to consulting because i didn't go
straight into consulting when i was in college so i don't have that college recruiting experience
and actually when i was in college and a lot of my friends were going into consulting the whole
idea of it was just very vague and i didn't quite understand exactly what consulting was so in this
video i'm going to talk about the three main types of consulting out there there are of course other
types of consulting and there are branches within these types so this isn't an all-encompassing
video but it is going to cover the key types of consulting that you would generally hear
about and before we jump in if you want to see more consulting and career related videos and
please hit the subscribe button down below and while you're there hit the notification bell too
because it really does help me out and i would really appreciate it first we're going to talk
about management consulting which is really the broadest type of business consulting a management
consultant might focus on some things like developing a company strategy or restructuring or
reorganizing the company or improving performance and operations when i was doing some research for
this video i saw that some places talk about strategy consulting and operations consulting
as separate types of consulting from management consulting but in my experience i don't really
know people who talk about their roles in that way it's mostly management consulting and they
might focus on one of those areas more than the other so because management consulting is so broad
the work and experience of one management consultant could be really different from that
of another if you're focusing more on strategy development like corporate strategy go to market
strategy stuff like that then that's super high level and analytical but if you're focusing more
on the strategy implementation or operations then that's much more process oriented strategy
implementation is more about actually making the strategy come to life getting the right people
in the right place doing the right things and using the right tools so depending on the types
of projects you're working on or the type of focus area that you happen to specialize in your skill
sets could be very different now as i talk about each type of consulting i'll also list some of the
consulting firms that are well known for that type of consulting it doesn't mean that these firms
don't do other types of consulting as well and i'm definitely not going to be able to list all the
consulting firms within a type of consulting this is just going to be the really well-known ones
so you have something to anchor onto or relate to the firms that are known for management consulting
are of course the big three mbb mckinsey boston consulting group and bain however you also have
the big four accounting services forms kpmg ernst young pwc and deloitte all of which have large
management and strategy consulting departments the next type of consulting is human resources
or human capital consulting this can also fall under management consulting because again
management consulting is a huge umbrella and human capital falls into the strategy of a company
but we'll talk about it as a separate type of consulting for this video so hr consultants help
manage human capital which can sometimes translate to deciding who needs to be fired or moved around
but they also help with anything that the hr department focuses on from talent management to
learning and development to change management they can also focus on transforming a company's culture
because hr of course works with people and culture is driven by the people in an organization the
most well-known hr consulting firm is mercer which is part of the same parent group as oliver wyman
which is another well-known management consulting firm but also the firms that i talked about before
have hr and human capital consulting arms as a side note i think that the reason there is so
much overlap between the types of consulting that different firms offer is because much of the work
that consultancies do is from repeat clients you do a good job with a client and so you keep doing
work with them and as you keep doing work there are different problems that are unveiled and that
they need help with and so you're going to find a way to help them with that so they don't take
their business to a different consulting firm that's why i think all these consulting firms
have a main thing that they're known for and that their history is in but they also have arms
and departments in so many other different areas all right finally we have it or tech consulting
personally i think this is the one that's the easiest to understand or grasp if you are new
to the consulting world tech consultants help their clients develop improve and or implement new
systems or programs into the organization it's not as simple as it sounds because it requires getting
people off the old system they're using training them to use the new one and then making sure that
they continue to use the new system and using it effectively there's definitely some overlap
between tech consulting and change management and i was on a project once where we were working with
a food and snack company that was introducing a new sales tool they had a tech consulting
firm that was working on the actual tool and development of that system and then my team on the
change management side was focusing on how we were going to communicate and implement that through
the organization and making sure that it sticks and that people understood why they needed this
new tool and how it was going to help the company succeed and help them succeed individually with
everything being digital today and so many people of course working remotely especially right now
having good systems in place for people to manage information and resources and communicate is super
important so i can totally see this area growing a lot in the future some of the well-known tech
consulting focused firms are accenture and ibm but again many other firms for example deloitte
which is more of a management consulting firm have tech consulting arms and focuses as well
before wrapping up i want to take a moment to thank squarespace for sponsoring today's video
if you've been watching my channel for the past year or so then you know that squarespace has
been a consistent sponsor of many of my videos and squarespace really is the best way to build
a website quickly easily and make sure that it looks great no matter what i use squarespace for
my website where brands can reach out to me and where i share blog posts i need to write more
by the way so please leave some blog post topic suggestions in the comments below but you can
also use squarespace for a portfolio or an online shop and they have analytics tools and extensions
that help you make the most of your website by collecting data allowing you to connect with your
audience and it's super great and convenient that everything is just all in one place so if you're
interested in using squarespace to start a website then head to squarespace.com/kchoi
to get a free trial then when you're ready use the code kchoi to get 10 off your first purchase of
a website or domain all that info will be in the description box so go check it out and thank you
again squarespace that's it for this video i hope that if you are looking to get into consulting or
you just keep hearing about consulting from your friends and you want to know what exactly it is
that this video was helpful please let me know what other types of videos you'd like to see
in the comments and as always thank you so much for watching and i'll see you in the next one bye
you