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Consulting firms in New York offer standard business consulting services just like ther related companies in the US.
However, there are several reasons that make them stand out from all others:
New York City is one of the most enticing places for business consultants from across the US and beyond.
One of the key reasons that drive top talent is the high average salary that amounts to $64,732. The national average is $51,688.
The stable job growth also makes the city quite welcoming.
According to the Office of the State Deputy Comptroller, NYC sees the largest job expansion since the end of World War II.
Between 2009 and 2019, its job growth was 24.3% which outpaces the nations’ of 15.3%.
In terms of positions, it added 87,200 jobs in 2019.
These characteristics make the New York metro area one of the biggest employers in the consulting industry.
Having translated that in numbers, in the city work:
There are a few major factors that make The Big Apple hold the first spot on Kearney’s ranking on top-performing cities:
According to Glassdoor, NYC is the second most competitive city in the US based on the number of job seekers. However, its unemployment rate is 4.5%.
These facts show that business consultants in New York operate in the most competitive city in the world.
This is why they are committed to offering the highest level of services.
A recent study on the cities that will lead the global economy in 2035 shows that NYC will be the largest urban economy in the world with its largest sector being the finance and business services.
Other leading industries are:
Consulting firms in New York tend to gain experience in these locally dominant sectors. So, unlike any other related company in the nation, they can particularly deliver winning strategies for businesses and clients in these niches.
Just like any other related companies across the US, consulting firms in New York focus their efforts on helping clients to:
They provide external assistance to help them recognize opportunities, solve problems and overcome challenges.
Their primary responsibilities include:
Considering the fact that businesses come in different shapes and sizes, they have a diverse set of challenges.
Therefore, the core offerings of New York business consulting agencies will vary in range and scope and may include:
Companies that offer services related to consulting in New York most often offer the following pricing structures:
The cost per hour is based on time estimates and it depends on different factors like:
The price range goes from $50 to $350.
The project-based billing, on the other hand, depends on the type of service the agency partner is providing. The average cost starts at $10,000 and goes up to $50,000, sometimes even more.
Finally, the retainer cost is a type of fee that the agency requires at the beginning of the partnership. This is how the client assures the company services.
These are the top three reasons why you should hire a business consultant in New York:
While the search for the best business consultant in New York can be tricky, consider the following five factors to make the process less overwhelming:
Once you narrow your list of prospective New York business consulting agencies down, set interviews with each of them to learn more about their communication processes, pricing, performance reports and more.
Make sure you address the following questions:
Most businesses outsource their projects to consulting firms in New York because they:
The cost of their services ranges between $50 and $350 per hour.
To choose the best business consultant in New York, take the following steps:
Best of luck!
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