What a Senior Risk Consultant at KPMG Wishes They Had Known Before Entering the Consulting Industry
Adita, a Senior Risk Consultant at KPMG, reveals that while consulting offers "higher compensation," it also demands "greater responsibilities" than many anticipate, especially at entry-level. The expectation to perform beyond typical entry-level roles, coupled with dual accountability to both internal management and external clients, presents a significant challenge unique to the consulting industry.
High Responsibility, Client Management, Industry Expectations, Work-Life Balance, Compensation
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Adita Farahiyah
Senior Risk Consultant
KPMG
Bandung Institute of Technology, Indonesia & 2019
N/A
Business Management & Admin
Consulting & Related Professional Services
Consulting
International Student, Scholarship Recipient
Video Highlights
1. Higher compensation in consulting correlates with greater responsibility and higher expectations compared to other industries.
2. Entry-level consultants may face more responsibilities than their peers in other industries.
3. Consultants are responsible to both internal managers and clients, unlike in many other industries where responsibility primarily lies with internal management.
Transcript
What have you learned about this role that you wish someone would have told you before you entered the industry?
Definitely. People often think working as a consultant is really enjoyable and cool, and that you can earn a lot in the consulting industry. That's true to an extent.
However, many people might not realize that higher compensation comes with greater responsibilities. I don't think many people want to work with such high responsibility every day.
The responsibilities in consulting are significantly higher compared to other industries. Even as an associate or entry-level employee in a consulting firm, you might be expected to do more than you can or usually do.
When I talk to friends in other industries, their entry-level positions usually involve regular job duties, not the high expectations seen in consulting. It's not easy to manage expectations from superiors and clients.
Consultants also work for clients. So, in non-consulting industries, people are typically responsible only to internal directors and managers. In consulting, however, we are also responsible to the clients. That's the challenging part of being in the consulting industry.
That's something people should know before joining any consulting firm.