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Become An Advisor And Consultant

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Working As An Advisor And Consultant

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $97,000

    Average Salary

What Does An Advisor And Consultant Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become An Advisor And Consultant

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Advisor And Consultant Career Paths

Advisor And Consultant
Consultant Office Manager Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Consultant Controller Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Consultant Manager General Manager
Vice President & General Manager
12 Yearsyrs
Account Executive Office Manager Controller
Controller, Vice President
11 Yearsyrs
Account Executive Manager Vice President
President & Chief Operating Officer
13 Yearsyrs
Account Executive Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Vice President, Business Development General Manager
Regional Vice President
11 Yearsyrs
Vice President, Business Development General Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Vice President, Business Development Account Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Team Leader Manager Finance Manager
Finance Project Manager
8 Yearsyrs
Team Leader Project Manager Partner
Managing Member
8 Yearsyrs
Team Leader Project Manager Senior Manager
Practice Leader
11 Yearsyrs
Business Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Business Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Business Analyst Senior Business Analyst
Implementation Manager
8 Yearsyrs
Adjunct Professor Project Manager Quality Manager
Performance Manager
8 Yearsyrs
Adjunct Professor Information Technology Project Manager Technical Delivery Manager
Change Manager
9 Yearsyrs
Adjunct Professor Information Technology Project Manager Release Manager
Integration Manager
9 Yearsyrs
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Do you work as an Advisor And Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Owner, Consultant 4.7 years
Consultant/Founder 4.4 years
Senior Advisor 2.8 years
Business Advisor 2.5 years
Consultant 2.4 years
Project Consultant 1.9 years
Junior Consultant 1.2 years
Top Careers Before Advisor And Consultant
Consultant 15.5%
Director 9.1%
Manager 6.7%
Internship 5.4%
President 4.1%
Principal 2.9%
Instructor 2.9%
Top Careers After Advisor And Consultant
Consultant 21.1%
Director 6.3%
President 4.6%
Principal 4.0%
Volunteer 3.3%
Manager 3.3%

Do you work as an Advisor And Consultant?

Advisor And Consultant Demographics

Gender

Male

62.5%

Female

25.5%

Unknown

12.0%
Ethnicity

White

56.3%

Hispanic or Latino

17.2%

Black or African American

11.4%

Asian

10.1%

Unknown

5.0%
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Foreign Languages Spoken

Spanish

36.7%

French

13.3%

German

8.3%

Portuguese

5.0%

Chinese

5.0%

Filipino

3.3%

Japanese

3.3%

Arabic

3.3%

Italian

3.3%

Sami

1.7%

Somali

1.7%

Turkish

1.7%

Romanian

1.7%

Telugu

1.7%

Khmer

1.7%

Amharic

1.7%

Russian

1.7%

Tagalog

1.7%

Mandarin

1.7%

Korean

1.7%
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Advisor And Consultant Education

Schools

University of Phoenix

10.6%

University of Texas at Austin

7.1%

New York University

6.4%

Boston College

5.7%

Webster University

5.7%

University of Southern California

5.7%

University of South Florida

5.0%

University of Pennsylvania

5.0%

Wayne State University

4.3%

University of California - Berkeley

4.3%

Northwestern University

4.3%

Georgia State University

4.3%

Stanford University

4.3%

Texas A&M University

4.3%

University of Washington

4.3%

Northeastern University

4.3%

Ball State University

4.3%

Xavier University

3.5%

Fairleigh Dickinson University

3.5%

Georgetown University

3.5%
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Majors

Business

26.2%

Finance

10.4%

Management

7.7%

Accounting

6.6%

Marketing

5.9%

Economics

4.9%

Computer Science

4.3%

Political Science

3.9%

Psychology

3.8%

Education

3.0%

Law

3.0%

Electrical Engineering

2.8%

Communication

2.8%

Criminal Justice

2.5%

Project Management

2.3%

Liberal Arts

2.1%

History

2.1%

English

2.0%

Human Resources Management

2.0%

International Business

1.8%
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Degrees

Bachelors

33.1%

Masters

32.2%

Other

16.6%

Doctorate

7.5%

Certificate

4.2%

Associate

4.2%

Diploma

1.7%

License

0.5%
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Highest Advisor And Consultant Salaries

Job Title Company Location Start Date Salary
Geomechanics Consultant/Advisor I Baker Hughes, Inc. Houston, TX Nov 19, 2015 $177,296
Consulting Advisor Landmark Graphics Corporation Houston, TX Mar 12, 2015 $143,915
Consulting Advisor Landmark Graphics Corporation Houston, TX Sep 15, 2014 $125,611
Advisor I-Halliburton Consulting Halliburton Energy Services, Inc. Houston, TX Apr 30, 2015 $124,779
Consulting Advisor Landmark Graphics Corporation Houston, TX Sep 09, 2016 $117,379
Bi-Lingual Accountant Adviser and Consultant Frowh, Inc. Boca Raton, FL Sep 12, 2011 $39,936

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Top Skills for An Advisor And Consultant

  1. Business Development
  2. Financial Statements
  3. Sales Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Charged with advancing business development opportunities for PwC's advisory activities.
  • Co-authored annual training guidance, developmental plans, and establishment of new training and operational procedures.
  • Redesigned initial assessments for all weapons to ensure compliance with Marine Corps standards.
  • Hired to provide customized technical support to upper-level university executives and their staff in Windows and Macintosh workstation environment.
  • Developed Master of Project Management and Master of Program and Portfolio Management degrees including curriculum design and marketing.

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