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Become A Business Consultant

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Working As A Business 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

  • $94,000

    Average Salary

What Does A Business 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 A Business 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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Business Consultant Jobs

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Business Consultant Career Paths

Business Consultant
General Manager Vice President Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
General Manager Owner Vice President
Vice President & General Manager
12 Yearsyrs
General Manager Account Manager Project Manager
Manager, Project Management
9 Yearsyrs
Project Manager Owner Vice President
President & Chief Operating Officer
13 Yearsyrs
Project Manager Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Manager Sales Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Manager Office Manager Human Resources Manager
Business Partner
8 Yearsyrs
Manager Program Manager Senior Project Manager
Director Of Professional Services
11 Yearsyrs
Operations Manager Program Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Team Leader Project Leader Senior Business Analyst
Product Owner
9 Yearsyrs
Operations Manager Business Manager Finance Manager
Finance Project Manager
8 Yearsyrs
Operations Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Account Manager Program Manager Senior Manager
Practice Leader
11 Yearsyrs
Adjunct Professor Senior Associate Senior Analyst
Analytical Manager
8 Yearsyrs
Senior Consultant Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Team Leader Project Leader Project Management Lead
Change Manager
9 Yearsyrs
Team Leader Production Supervisor Quality Manager
Performance Manager
8 Yearsyrs
Store Manager Production Manager Processing Manager
Business Process Manager
10 Yearsyrs
Senior Business Analyst Implementation Manager
Integration Manager
9 Yearsyrs
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Do you work as a Business Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Owner, Consultant 4.7 years
Business Executive 2.8 years
Business Advisor 2.5 years
Consultant 2.4 years
Top Careers Before Business Consultant
Consultant 7.7%
Manager 6.1%
Internship 6.1%
Owner 3.7%
President 3.3%
Director 3.3%
Top Careers After Business Consultant
Consultant 11.2%
Owner 5.4%
Manager 4.9%
Director 3.9%
President 3.0%

Do you work as a Business Consultant?

Business Consultant Demographics

Gender

Male

55.8%

Female

34.3%

Unknown

9.8%
Ethnicity

White

58.2%

Hispanic or Latino

15.3%

Asian

11.3%

Black or African American

10.9%

Unknown

4.3%
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Foreign Languages Spoken

Spanish

41.4%

French

12.1%

Chinese

8.6%

Mandarin

6.3%

Portuguese

5.5%

German

5.3%

Italian

4.1%

Korean

2.5%

Russian

2.5%

Japanese

2.5%

Arabic

2.1%

Cantonese

2.0%

Vietnamese

0.9%

Hebrew

0.8%

Hindi

0.8%

Dutch

0.7%

Indonesian

0.5%

Greek

0.5%

Urdu

0.5%

Bulgarian

0.4%
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Business Consultant Education

Schools

University of Phoenix

25.0%

University of Texas at Austin

5.2%

University of Houston

5.1%

Arizona State University

4.7%

Michigan State University

4.6%

Pennsylvania State University

4.6%

Northeastern University

4.6%

George Washington University

4.5%

University of Arizona

3.9%

University of Southern California

3.8%

New York University

3.7%

Strayer University

3.7%

Ohio University -

3.6%

University of Florida

3.6%

Florida State University

3.4%

Wake Forest University

3.3%

Georgia State University

3.3%

University of Maryland - University College

3.1%

Temple University

3.0%

University of South Florida

3.0%
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Majors

Business

40.4%

Finance

9.0%

Marketing

7.1%

Accounting

6.7%

Management

6.6%

Computer Science

3.2%

Economics

2.7%

Law

2.7%

Communication

2.6%

Psychology

2.4%

Project Management

2.0%

Computer Information Systems

2.0%

Political Science

2.0%

International Business

1.7%

Human Resources Management

1.7%

Management Information Systems

1.6%

Education

1.6%

Information Technology

1.5%

Electrical Engineering

1.3%

English

1.3%
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Degrees

Bachelors

39.4%

Masters

34.6%

Other

14.2%

Associate

4.3%

Doctorate

3.5%

Certificate

3.0%

Diploma

0.7%

License

0.3%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$94,000
View Detailed Salary Report
$68,000
Min 10%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$94,000
Median 50%
$128,000
Max 90%
Best Paying Company
Google
Highest Paying City
Seattle, WA
Highest Paying State
Oregon
Avg Experience Level
2.6 years
How much does a Business Consultant make at top companies?
The national average salary for a Business Consultant in the United States is $94,123 per year or $45 per hour. Those in the bottom 10 percent make under $68,000 a year, and the top 10 percent make over $128,000.

Real Business Consultant Salaries

Job Title Company Location Start Date Salary
Business Consultant Bayer Business & Technology Services, LLC NJ Jan 08, 2016 $193,000
Business Experience Consultant Director Dassault Systemes Services, LLC Charlotte, NC Sep 29, 2015 $168,935 -
$178,935
Business Consultant Edifecs, Inc. Bellevue, WA Jun 25, 2015 $167,066 -
$177,000
SAP Lead Business Consultant Mohawk Industries, Inc. Calhoun, GA Oct 24, 2016 $165,000
Business Consultant ZS Associates, Inc. Thousand Oaks, CA Dec 28, 2015 $155,000
Business Consultant ZS Associates, Inc. New York, NY Dec 28, 2015 $153,500
SAP Lead Business Consultant-Fi/Co Unilin North America, LLC Dallas, TX Sep 16, 2016 $153,000
Business Consultant ZS Associates, Inc. Philadelphia, PA Dec 28, 2015 $148,500
SAP Lead Business Consultant-Fi/Co Unilin North America, LLC Dallas, TX May 15, 2016 $146,514
Business Consultant Pacwest Consulting Partners Houston, TX Jul 15, 2015 $146,307
Business Consultant ZS Associates, Inc. Princeton, NJ Dec 28, 2015 $146,000
Business Deveolpment Consultant Dell Marketing L.P. Redmond, WA Jul 20, 2015 $145,000
Business Consultant ZS Associates, Inc. Evanston, IL Jun 25, 2016 $145,000
Oracle Business Intelligence Consultant Computer Technology Resources, Inc. Irvine, CA Apr 23, 2015 $100,776
Business Consultant Hp Enterprise Services, LLC Plano, TX Jan 09, 2015 $100,700 -
$139,000
Business Consultant Hp Enterprise Services, LLC Frisco, TX Nov 15, 2016 $100,672 -
$131,100
Business Consultant Hp Enterprise Services, LLC Alpharetta, GA Mar 13, 2016 $100,422
Business Consultant Hewlett Packard Enterprise Company Alpharetta, GA Feb 01, 2016 $100,422 -
$106,257
Business Consultant (Computer Systems Analyst) Sita Information Networking Computing USA, Inc. Atlanta, GA Oct 17, 2016 $100,300
Business Consultant Hp Enterprise Services, LLC Walpole, MA Jul 01, 2015 $100,173 -
$116,584
Consultant-Business Intelligence (System Consultant) Cellco Partnership Bedminster, NJ Jul 28, 2016 $100,018
Business Consultant IBM India Private Limited Iselin, NJ Aug 10, 2015 $88,865
Business Consultant IBM India Private Limited Iselin, NJ Feb 08, 2016 $88,865 -
$94,124
Business Consultant IBM India Private Limited Iselin, NJ Sep 03, 2015 $88,865
Business Consultant IBM India Private Limited Iselin, NJ Jul 20, 2016 $88,865 -
$94,124
Business Consultant IBM India Private Limited Atlanta, GA Aug 12, 2015 $88,843 -
$93,288
Business Consultant IBM India Private Limited Englewood Cliffs, NJ Sep 14, 2015 $88,708
Business Consultant IBM India Private Limited New York, NY Aug 16, 2015 $88,708

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Top Skills for A Business Consultant

  1. Financial Statements
  2. Business Development
  3. Sales Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Analyze financial statements, developing proposals in our proprietary software application and delivering formal presentations to prospective merchants.
  • Provided quality assurance reviews specializing in outpatient centers along with business development strategies.
  • Develop and implement marketing and sales strategies to increase executive recruitment.
  • Provided coaching on customer focused selling strategies designed to maximize sales, including establishing standard operating and selling procedures.
  • Executed consistent demonstration of concentration on revenue and profit objectives, targeted prospecting, and delivery of excellent customer service.

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Top 10 Best States for Business Consultants

  1. District of Columbia
  2. New Jersey
  3. North Carolina
  4. Texas
  5. Virginia
  6. Connecticut
  7. New Hampshire
  8. Washington
  9. Indiana
  10. Colorado
  • (438 jobs)
  • (1,133 jobs)
  • (1,464 jobs)
  • (2,579 jobs)
  • (1,493 jobs)
  • (492 jobs)
  • (174 jobs)
  • (726 jobs)
  • (552 jobs)
  • (959 jobs)

Top Business Consultant Employers

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