Life of an HR Consultant?
IB
(Senior Gorilla, 765
Points)
on 2/19/10 at 2:23am
I'm curious about the field of HR consulting. We've heard many wonderful things about strategy and IT consulting, but what about HR consulting? I hear it's a very interesting and dynamic field because of the upcoming revolution in talent once all the baby boomers die off. Anyone have internships or experiences in this field? I'd like to hear a few anecdotal experiences.
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I interned at one of the top
I interned at one of the top HR consulting firm before.
Although HR consulting is not as high profile as strategy consulting, it is not a bad field to be in. From my experience, I can tell you the following:
- The hours are pretty nice (~50) so you can keep a nice work/life balance
- From what I remember, at least in the office I was, there was very litle travelling involved, and very little off-site work (about 25% of the analysts would visit a client's site over the year)
- The work is quite diversified, going from building compensation plans for portfolio managers or blue-collars to solving turnover problems and establishing a succession plan. Might be less challenging than strategy consulting though
- Definitely more quantitative than people think; a lot of work with large database (especially in the compensation field)
- Exposure to a lot of different industries
- Exit opps might not be the best though.. Many people refer to HR as a "silo". I would say it is true to a certain extent - some people will successfully transition to strategy consulting but it is not so common, or switch to industry as a lateral hire
- In New York at least they make good fees so if you make it to principal life will definitely be good with nice compensation and good balance in your life
- I feel like it is one of the youngest field out there; so definitely a bright future ahead. More robust HR frameworks are being implemented out there so it is not the "b.s." field it used to be.
Best of luck and feel free to reach out for me would you like more information
Just out of curiosity, what's
Just out of curiosity, what's the compensation like?
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In Canada, it was something
In Canada, it was something like 52k + small bonus (5-10k) for analysts. I'm guessing that it would be higher for NYC.
BradZ wrote: In Canada, it
In Canada, it was something like 52k + small bonus (5-10k) for analysts. I'm guessing that it would be higher for NYC.
Does it increase gradually/slowly?
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I would say gradually.
I would say gradually. Principal (some of them had made it in 10 years) would make 160-200k + bonus (the bonus was not huge; maybe 25-30%) or something like that.
What kind of background is
What kind of background is needed for HR? I'm guessing economics (esp stuff dealing with organization of labor), probably computer skills will be needed, but are there certain majors that can also apply their knowledge to HR? Like, what would an accounting, engineering, etc. major be able to offer for HR?
Psychology is beneficial, I
Psychology is beneficial, I believe it's not uncommon for psych majors to get into HR. There's also an area of psych called industrial organizational psychology that you can pursue graduate studies in. Also, many business schools have an organizational behavior major/specialization, which I believe is all about HR.
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