• Quill Team

Consulting Jargon




By Amanda Huang


Consulting is officially defined as the business of giving expert advice to other professionals, usually in financial or business matters. Demand for consultants in the business world will always be booming so it’s important to familiarize ourselves with consulting lingo. Here are some of the most common terms you might encounter:


Consulting:

On the beach: period of time when a consultant is not assigned to a project

20,000 feet view: an overall or cursory look at something


Buckets: another way to say “categories” or “groups” when talking about a project


Buy-in: support or agreement from stockholders


Chargeable: Most important number for consultants (almost like a consultant GPA). It refers to the number of hours for which you get to bill your client


Engagement/project/case: the current project you’re working on; specific piece of client work


Leverage: the use of resources, materials, people and knowledge you need in order to finish a project


Subject matter expert (SME): the person you call first when you need to know more about a specific topic


Straw man: the outline of a document without all its fluff, or content


Tighten up: refining Excel documents, grammar, formatting, spell-check


Stay tuned for more additions to the business jargon dictionary!

3 views
SUBSCRIBE TO OUR NEWSLETTER
© 2023 BY CLAREMONT WOMEN IN BUSINESS
CONTACT 
E: cwib@cmc.edu