Frequently Asked QuestionsWhat does it mean for a company to be accredited by the Better Business Bureau (BBB)?
For a business to receive accreditation from the Better Business Bureau (BBB), it must meet their accreditation standards which are derived from a Code of Business Practices. The code is based upon eight principles that summarize critical elements of creating and maintaining trust in business. BBB accreditation does not include an endorsement of the business’ products or services, or any claims about the quality or competency of the business. Accredited businesses pay a fee for the consideration process, ongoing monitoring for compliance and for support of BBB services to the public, but there is no obligation by a business to pursue accreditation.
What does a BBB rating mean?
The Better Business Bureau (BBB) rates companies based upon their opinion of how a business will interact with its customers. The rating is derived from information obtained from public data sources and the business itself. The ratings range from A+ (highest) to F (lowest), but in some cases the BBB will not give out a rating (NR) for reasons such as insufficient information or an ongoing review. Ratings have no credence towards a company’s reliability or performance, and the BBB suggests that consumers consider the BBB rating along with other information before choosing to engage in business.
What is the average salary in the consulting industry?
The average yearly salary for a consultant in the United States is $104,113 based on 71,851 salaries submitted to Glassdoor. Positions and annual pay range from entry-level Associate Consultants, at $79,000, to Senior Consultants, at $107,000. Also a factor in salary is the type of consulting work an individual specializes in, and the firm that they work for.
What different types of consultants are there within the industry?
The consulting industry can be broken down into three larger groupings of consultants: management, corporate, and independent. Management consultants help enterprise businesses make tough decisions, solve business problems, and manage monumnental busuness events like acquisitions. Management consulting is lucrative and competative, and comprises of strategy, operations, financial advisory, human resources, and risk and compliance consulting.
Corporate consulting also covers a wide array of consultants, including IT, business, environmental, software, and sales. While this category of consulting covers many different types of services, such as implementation teams and B2B consulting businesses, a general rule is that consultants in this category have extensive prior corporate experience.
Finally, independent consultants are individuals who choose to start and run their own businesses, rather than work at a larger firm. Many independent consultants use the internet to find and generate leads, and to build their client base.
