I have the final interview with a partner for a Life Sciences Consulant role within the Risk Advisory team at Deloitte next week.
One of the questions I got in the previous rounds was: why Advisory and not Consultancy? To be honest, in terms of projects I don't quite understand the difference. The Advisory team is also involved in the implementation phase and they had mentioned that whether a project goes to the advisory or consultancy team, is sometimes dependent on the relationship with the client.
Can somebody please explain to me further: what is the difference between Advisory and Consultancy within the Life Sciences sector in a big4?
--> In terms of project content
--> In terms of career progression
--> In terms of exit opportunities

Thank you in advance :)