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Become A Business Management Consultant

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Working As A Business Management 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

  • $108,000

    Average Salary

What Does A Business Management 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 Management 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 Management Consultant Career Paths

Business Management Consultant
Project Manager Vice President Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Project Manager Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
General Manager Business Manager Controller
Corporate Controller
12 Yearsyrs
General Manager Operations Director Operations Vice President
Senior Vice President-Operations
14 Yearsyrs
General Manager Director Finance Director
Senior Director Of Finance
14 Yearsyrs
Operations Manager Business Manager Controller
Finance Controller
9 Yearsyrs
Operations Manager Program Manager
Operations Program Manager
9 Yearsyrs
Operations Manager Information Technology Project Manager Program Manager
Global Program Manager
10 Yearsyrs
Senior Project Manager Director Operations Director
Director Of Business Operations
10 Yearsyrs
Senior Project Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
Manager Program Manager
Engagement Manager
9 Yearsyrs
Manager Finance Manager
Finance Project Manager
8 Yearsyrs
Manager Senior Manager
Practice Leader
11 Yearsyrs
Office Manager Account Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Office Manager Business Development Manager Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Office Manager Purchasing Manager Supply Chain Manager
Business Process Manager
10 Yearsyrs
Information Technology Project Manager Technical Delivery Manager Technical Project Manager
Product Owner
9 Yearsyrs
Information Technology Project Manager Technical Delivery Manager
Change Manager
9 Yearsyrs
Senior Consultant Accounting Manager Plant Controller
Finance Leader
7 Yearsyrs
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Do you work as a Business Management Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Senior Consultant 3.0 years
Top Careers Before Business Management Consultant
Consultant 8.9%
Manager 5.1%
Director 3.7%
Internship 3.2%
Top Careers After Business Management Consultant
Consultant 8.5%

Do you work as a Business Management Consultant?

Average Yearly Salary
$108,000
Show Salaries
$77,000
Min 10%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$152,000
Max 90%
Highest Paying City
Seattle, WA
Highest Paying State
District of Columbia
Avg Experience Level
3.3 years
How much does a Business Management Consultant make at top companies?
The national average salary for a Business Management Consultant in the United States is $108,381 per year or $52 per hour. Those in the bottom 10 percent make under $77,000 a year, and the top 10 percent make over $152,000.

Real Business Management Consultant Salaries

Job Title Company Location Start Date Salary
Management Consultant-Marketing & Business Devel Baker Botts L.L.P. Houston, TX Sep 10, 2014 $250,000 -
$500,000
Financial and Business Management Consultant/Company Auditor M Management Inc. Jersey City, NJ Aug 28, 2015 $208,700
Financial and Business Management Consultant/Company Auditor M Management Inc. Jersey City, NJ Jul 09, 2016 $208,700
Managing Consultant/Business Analyst Synechron, Inc. New York, NY Nov 18, 2016 $135,000
Management Consultant-Business Applications Ness USA, Inc. Teaneck, NJ Oct 01, 2012 $105,518
CAS Trade Promotion Management Business Consultant Accenture LLP Plano, TX Apr 15, 2016 $100,000
Senior Business Management Consultant Tango Management Consulting, LLC Irving, TX Apr 01, 2011 $100,000
SAP Dealer Business Management Consultant .02) Velocity Technology Solutions New Bremen, OH Jun 12, 2016 $99,910
SAP Dealer Business Management Consultant .02) Velocity Technology Solutions New Bremen, OH Nov 30, 2016 $99,910
Business Management Consultant Kovan Technology Solutions LLC Katy, TX Apr 02, 2014 $99,500
Business Management Consultant Kovan Technology Solutions LLC Katy, TX Jul 18, 2014 $99,500
SAP Dealer Business Management Consultant .02) Velocity Technology Solutions Irvine, CA Sep 11, 2015 $97,000
Investment Management Business Consultant John Hancock Life Insurance Company (USA) Boston, MA Feb 15, 2015 $92,019 -
$100,000
Music Business Management Legal Consultant Chino & Nacho Productions, LLC Miami, FL Mar 10, 2015 $91,374
Business Management Consultant Meridian Advisory Group, LLC New York, NY Jan 08, 2016 $88,000
Business Management Consultant Meridian Advisory Group, LLC New York, NY Sep 02, 2015 $88,000
Business Management Consultant The Arnold Group Seattle, WA Oct 01, 2009 $85,696
SAP Dealer Business Management Consultant IBM India Private Limited New Braunfels, TX Sep 12, 2015 $82,368
Business Management Consultant Cost and Capital Partners LLC Cambridge, MA Jan 11, 2014 $75,000 -
$95,000
Business Management Development Consultant Cog Marketers, Ltd. Saint Johns, MI Sep 27, 2016 $75,000
Business Management Consultant U.S. Innovation Economy Council Mountain View, CA Sep 18, 2013 $67,327
Business Management Consultant Cost and Capital Partners LLC Sandpoint, ID Jan 10, 2011 $65,000
Business Analytics and Performance Management Consultant Techedge USA, Inc. MI May 25, 2015 $65,000
Management/Business Consultant Oriental Gemco Inc. New York, NY Nov 08, 2016 $60,000
Management/Business Consultant Oriental Gemco Inc. New York, NY Aug 10, 2013 $60,000
Business Management Consultant Imagestore Us, Inc. New York, NY Oct 01, 2011 $60,000
Business Management Consultant Winic Technologies (U.S.A.) Inc. NY Sep 14, 2013 $59,584
Senior Business Management and Program Consultant Sun Life Financial (U.S.) Services Company Wellesley, MA Mar 25, 2016 $59,000 -
$81,000

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Top Skills for A Business Management Consultant

  1. Business Development
  2. Financial Management
  3. Project Management
You can check out examples of real life uses of top skills on resumes here:
  • Provide strategic planning, administrative support, business development and HR management services to small businesses and associations.
  • Advise in Businesses and financial management.
  • Provide project management for full-cycle implementation and integration projects from proposal and scope / resource requirements generation to post implementation support.
  • Evaluated business requirements for new software implementations to ensure proper alignment with software application functionality and internal infrastructure requirements.
  • Work with clients to improve organizational structure, management accounting, financial controls and overall profitability.

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Top 10 Best States for Business Management Consultants

  1. District of Columbia
  2. New Jersey
  3. Connecticut
  4. Virginia
  5. Texas
  6. Washington
  7. New York
  8. Massachusetts
  9. Oregon
  10. New Hampshire
  • (486 jobs)
  • (1,044 jobs)
  • (441 jobs)
  • (1,545 jobs)
  • (2,323 jobs)
  • (654 jobs)
  • (1,681 jobs)
  • (1,035 jobs)
  • (368 jobs)
  • (144 jobs)

Business Management Consultant Demographics

Gender

Male

56.4%

Female

33.1%

Unknown

10.5%
Ethnicity

White

59.1%

Hispanic or Latino

14.6%

Black or African American

11.8%

Asian

10.0%

Unknown

4.6%
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Foreign Languages Spoken

Spanish

40.7%

French

14.8%

German

9.3%

Italian

7.4%

Portuguese

5.6%

Norwegian

3.7%

Mandarin

3.7%

Swedish

1.9%

Chinese

1.9%

Turkish

1.9%

Vietnamese

1.9%

Japanese

1.9%

Danish

1.9%

Arabic

1.9%

Korean

1.9%
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Business Management Consultant Education

Schools

University of Phoenix

19.4%

George Washington University

7.5%

New York University

5.9%

Pepperdine University

5.4%

University of Washington

5.4%

University of Texas at Austin

4.8%

Capella University

4.8%

Arizona State University

4.3%

Villanova University

3.8%

Trinity University

3.8%

Embry-Riddle Aeronautical University - Daytona Beach

3.8%

Harvard University

3.8%

University of Houston

3.8%

Johns Hopkins University

3.8%

Northeastern University

3.8%

Ohio State University

3.2%

University of Southern California

3.2%

George Mason University

3.2%

University of Missouri - Columbia

3.2%

DePaul University

3.2%
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Majors

Business

40.6%

Finance

9.5%

Management

6.3%

Accounting

5.8%

Marketing

4.3%

Project Management

4.2%

Computer Science

3.7%

Law

3.2%

Economics

2.4%

Psychology

2.4%

Electrical Engineering

2.0%

Information Technology

2.0%

Political Science

1.9%

Computer Information Systems

1.9%

Education

1.7%

Information Systems

1.7%

Management Information Systems

1.6%

English

1.6%

Public Administration

1.6%

Communication

1.6%
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Degrees

Masters

38.5%

Bachelors

37.4%

Other

12.4%

Doctorate

5.1%

Certificate

3.0%

Associate

3.0%

Diploma

0.5%

License

0.2%
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