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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

  • $115,000

    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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Business Strategy Consultant Career Paths

Business Strategy Consultant
Consultant Senior Accountant Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Consultant Manager General Manager
Vice President & General Manager
12 Yearsyrs
Consultant Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
Project Manager General Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Senior Project Manager Director Finance Director
Senior Director Of Finance
14 Yearsyrs
Senior Project Manager Director
Director Of Strategy
11 Yearsyrs
Product Manager Marketing Director Vice President
Vice President Of Engineering
13 Yearsyrs
Product Manager Operations Manager Program Manager
Global Program Manager
10 Yearsyrs
Strategy Consultant Management Consultant Senior Finance Analyst
Finance Leader
7 Yearsyrs
Strategy Consultant Management Consultant Finance Manager
Finance Project Manager
8 Yearsyrs
Strategy Consultant Management Consultant Business Manager
Business Director
10 Yearsyrs
Business Development Consultant Business Development Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
Business Development Consultant Account Manager Senior Manager
Practice Leader
11 Yearsyrs
Business Development Consultant Director Nursing Director
Director Of Professional Services
11 Yearsyrs
Information Technology Project Manager Business Development Manager Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Information Technology Project Manager Technical Delivery Manager
Change Manager
9 Yearsyrs
Information Technology Project Manager Program Manager Engagement Manager
Analytical Manager
8 Yearsyrs
Marketing Consultant Regional Sales Manager Vice President & Sales Manager
Associate Vice President
9 Yearsyrs
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Do you work as a Business Strategy Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Business Partner 3.6 years
Business Advisor 2.5 years
Top Careers Before Business Strategy Consultant
Consultant 8.2%
Internship 7.0%
Analyst 5.1%
Top Careers After Business Strategy Consultant
Consultant 14.4%
Director 5.7%
President 5.3%
Principal 3.8%
Associate 3.3%

Do you work as a Business Strategy Consultant?

Average Yearly Salary
$115,000
Show Salaries
$83,000
Min 10%
$115,000
Median 50%
$115,000
Median 50%
$115,000
Median 50%
$115,000
Median 50%
$115,000
Median 50%
$115,000
Median 50%
$115,000
Median 50%
$159,000
Max 90%
Best Paying Company
Forrester Research
Highest Paying City
Bellevue, WA
Highest Paying State
Washington
Avg Experience Level
2.0 years
How much does a Business Strategy Consultant make at top companies?
The national average salary for a Business Strategy Consultant in the United States is $115,697 per year or $56 per hour. Those in the bottom 10 percent make under $83,000 a year, and the top 10 percent make over $159,000.

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

  1. Financial Statements
  2. Strategic Partnerships
  3. Business Development
You can check out examples of real life uses of top skills on resumes here:
  • Led all business development campaigns, with specific focus on product mix refinement, and strategic partnerships.
  • Provided in-depth ghost support to U.K. marketing groups/suppliers requiring systematic and strategic business development, marketing, and marketing research support.
  • Consult entrepreneurs on business proposals Conduct market research Provide financial analysis for future cash flows and projections
  • Translate business requirements to System/Functional requirements, and then these are passed to Application Developers.
  • Provided new product development and information technology project management consulting services to start up and Fortune 1000 companies.

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Average Salary:

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Top 10 Best States for Business Strategy Consultants

  1. Washington
  2. District of Columbia
  3. Virginia
  4. Oregon
  5. Texas
  6. Utah
  7. New Jersey
  8. North Dakota
  9. Maryland
  10. Idaho
  • (542 jobs)
  • (358 jobs)
  • (1,274 jobs)
  • (305 jobs)
  • (1,989 jobs)
  • (301 jobs)
  • (840 jobs)
  • (91 jobs)
  • (431 jobs)
  • (64 jobs)

Business Strategy Consultant Demographics

Gender

Male

57.1%

Female

31.5%

Unknown

11.4%
Ethnicity

White

52.8%

Asian

16.7%

Hispanic or Latino

14.8%

Black or African American

11.5%

Unknown

4.2%
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Foreign Languages Spoken

Spanish

25.9%

French

13.0%

Mandarin

9.3%

Russian

9.3%

Chinese

7.4%

Portuguese

5.6%

Vietnamese

3.7%

German

3.7%

Hindi

3.7%

Cantonese

3.7%

Italian

3.7%

Bulgarian

1.9%

Turkish

1.9%

Serbian

1.9%

Persian

1.9%

Arabic

1.9%

Gujarati

1.9%
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Business Strategy Consultant Education

Schools

Northwestern University

8.3%

University of Washington

7.6%

New York University

6.9%

George Washington University

6.9%

Cornell University

6.9%

Duke University

5.6%

Hult International Business School

5.6%

University of Pennsylvania

4.9%

Columbia University

4.9%

University of Michigan - Ann Arbor

4.2%

University of Southern California

4.2%

Michigan State University

4.2%

Northeastern University

4.2%

Purdue University

4.2%

University of Chicago

4.2%

Syracuse University

3.5%

University of San Francisco

3.5%

University of California - Berkeley

3.5%

University of Texas at Dallas

3.5%

Texas A&M University

3.5%
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Majors

Business

32.3%

Finance

14.7%

Marketing

12.1%

Management

8.7%

Law

3.2%

Economics

2.8%

Small Business Management

2.8%

Accounting

2.8%

Project Management

2.3%

Psychology

2.3%

Political Science

2.3%

International Business

2.1%

Computer Science

1.9%

Electrical Engineering

1.9%

Management Information Systems

1.7%

Communication

1.5%

Management Science

1.3%

Human Resources Management

1.3%

Mathematics

1.1%

Supply Chain Management

0.9%
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Degrees

Masters

58.9%

Bachelors

26.1%

Other

6.2%

Doctorate

3.9%

Certificate

3.7%

Associate

0.5%

Diploma

0.5%

License

0.2%
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