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Become A Business Strategy Consultant

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Working As A Business Strategy 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

  • $142,110

    Average Salary

What Does A Business Strategy 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 Strategy 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 Strategy Consultant jobs

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Average Length of Employment
Business Planner 3.3 years
Business Leader 3.0 years
Business Executive 2.8 years
Manager, Strategy 2.5 years
Consultant 2.4 years
Project Consultant 1.9 years
MBA Consultant 0.5 years
Top Employers Before
Consultant 6.3%
Internship 5.6%
Director 3.3%
Top Employers After
Consultant 9.7%
Director 4.6%
Internship 3.4%
President 3.4%
Principal 2.9%

Business Strategy Consultant Demographics

Gender

Male

61.4%

Female

35.0%

Unknown

3.6%
Ethnicity

White

69.5%

Asian

16.0%

Hispanic or Latino

10.3%

Unknown

2.8%

Black or African American

1.5%
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Languages Spoken

Spanish

26.7%

French

15.6%

Chinese

8.9%

Arabic

8.9%

Vietnamese

6.7%

Italian

6.7%

Portuguese

4.4%

Russian

4.4%

Hindi

4.4%

Mandarin

4.4%

German

2.2%

Cantonese

2.2%

Amharic

2.2%

Gujarati

2.2%
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Business Strategy Consultant Education

Schools

Cornell University

8.9%

New York University

7.9%

University of Washington

7.9%

University of Southern California

6.9%

University of Florida

5.9%

Northwestern University

5.9%

Hult International Business School

5.9%

Boston University

5.0%

American University

5.0%

Syracuse University

4.0%

University of Pennsylvania

4.0%

Harvard University

4.0%

Georgetown University

4.0%

University of California - Berkeley

4.0%

George Washington University

4.0%

Northeastern University

4.0%

University of Chicago

4.0%

University of Texas at Arlington

3.0%

University of South Florida

3.0%

Southern Methodist University

3.0%
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Majors

Business

35.1%

Finance

11.2%

Marketing

11.2%

Management

7.1%

Law

4.3%

Computer Science

3.7%

Economics

3.4%

Political Science

3.1%

Psychology

2.5%

Accounting

2.5%

International Business

2.2%

Small Business Management

2.2%

Management Information Systems

1.9%

Electrical Engineering

1.9%

Communication

1.6%

Industrial Engineering

1.6%

Management Science

1.2%

Computer Information Systems

1.2%

General Sales

1.2%

Project Management

0.9%
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Degrees

Masters

56.8%

Bachelors

25.1%

Other

8.3%

Doctorate

5.5%

Certificate

3.3%

Diploma

0.5%

License

0.3%

Associate

0.3%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Business Strategy Consultant Salaries

Job Title Company Location Start Date Salary
Business Strategy Consultant Microsoft Corporation Redmond, WA Oct 01, 2012 $152,500
Business Strategy Consultant Microsoft Corporation Redmond, WA May 20, 2012 $152,000
Business Strategy Consultant Accenture LLP Sugar Land, TX Dec 17, 2015 $150,000
Business Strategy Consultant Accenture LLP Houston, TX Dec 17, 2015 $150,000
Business Strategy Consultant Accenture LLP Houston, TX Jan 11, 2015 $150,000
Business Strategy Consultant Accenture LLP San Francisco, CA Jul 26, 2016 $145,000
Business Strategy Consultant Accenture LLP San Jose, CA Jul 26, 2016 $145,000
Business Strategy Consultant Accenture LLP Overland Park, KS Jul 26, 2016 $145,000
Business Strategy Consultant Accenture LLP Chicago, IL Jul 26, 2016 $145,000
Business Strategy Consultant Accenture LLP Seattle, WA Jul 26, 2016 $145,000
Business Strategy Consutant Accenture LLP San Jose, CA Dec 04, 2016 $140,000
Business Strategy Consutant Accenture LLP San Francisco, CA Dec 04, 2016 $140,000
Business Strategy Consutant Accenture LLP Denver, CO Dec 04, 2016 $140,000
Business Strategy Consutant Accenture LLP Seattle, WA Dec 04, 2016 $140,000
Business Strategy Consutant Accenture LLP Redmond, WA Dec 04, 2016 $140,000
Business Strategy Consultant Accenture LLP Florham Park, NJ Jan 25, 2016 $135,000
Business Stratey Consultant Accenture LLP Chicago, IL Jan 25, 2016 $135,000
Business Strategy Consulant Accenture LLP Detroit, MI Jan 25, 2016 $135,000
Business Strategy Consultant Accenture LLP New York, NY Jan 25, 2016 $135,000
Business Strategy Consultant Accenture LLP Detroit, MI Nov 23, 2015 $135,000
Business Strategy Consultant Accenture LLP Florham Park, NJ Nov 23, 2015 $135,000
Business Strategy Consultant Accenture LLP Houston, TX Apr 15, 2016 $134,995
Business Strategy Consultant Accenture LLP Oklahoma City, OK Apr 15, 2016 $134,995
Senior Business Strategy Consultant Red Hat, Inc. Raleigh, NC Oct 01, 2012 $130,000 -
$160,000
Business Strategy Consultant Accenture LLP Houston, TX Feb 01, 2016 $129,417

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Top Skills for A Business Strategy Consultant

FinancialAnalysisStrategicBusinessBusinessPlanBusinessDevelopmentBusinessProcessMarketResearchAnalyticsProjectManagementWebBusinessModelCompetitiveAnalysisMarketAnalysisBusinessRequirementsStatisticalDataAnalysisProductDevelopmentCRMROIBusinessUnitsCloudSas/Sql

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Top Business Strategy Consultant Skills

  1. Financial Analysis
  2. Strategic Business
  3. Business Plan
You can check out examples of real life uses of top skills on resumes here:
  • Consult entrepreneurs on business proposals Conduct market research Provide financial analysis for future cash flows and projections
  • Participated in the creation, communication, and implementation of strategic business planning initiatives.
  • Researched market and competition, created business plan, operations strategy and fit with organization.
  • Create US sales, business development, and export strategy for a briquette manufacturer.
  • Provided consulting services to corporations to facilitate efforts regarding redesign of corporate education, business processes and communications.

Top Business Strategy Consultant Employers

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Business Strategy Consultant Videos

What the heck does a consultant DO, exactly? - Management Consulting 101

Career Advice on becoming a Business Development Manager by Victoria P (Full Version)

Career Advice - Business and Management Consulting

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