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Become A Graduate Consultant

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Working As A Graduate 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

  • $88,000

    Average Salary

What Does A Graduate 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 Graduate 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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Graduate Consultant Career Paths

Graduate Consultant
Consultant Manager General Manager
Vice President & General Manager
12 Yearsyrs
Consultant Senior Accountant Finance Manager
Senior Finance Manager
11 Yearsyrs
Consultant Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Research Associate Project Manager Senior Project Manager
Director Of Project Management
12 Yearsyrs
Research Associate Project Manager
Manager, Project Management
9 Yearsyrs
Research Associate Analyst Account Manager
Strategic Accounts Manager
9 Yearsyrs
Business Analyst Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Business Analyst Senior Project Manager Vice President
President & Chief Operating Officer
13 Yearsyrs
Business Analyst Manager Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Data Analyst Programmer Analyst Senior Software Engineer
Director Of Software Development
12 Yearsyrs
Data Analyst Team Leader Director
Director Of Strategy
11 Yearsyrs
Data Analyst Team Leader Program Manager
Engagement Manager
9 Yearsyrs
Analyst Finance Analyst Senior Business Analyst
Product Owner
9 Yearsyrs
Analyst Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Team Leader Project Leader Senior Business Analyst
Analytical Manager
8 Yearsyrs
Program Assistant Specialist Senior Sales Representative
Solutions Manager
8 Yearsyrs
Program Assistant Specialist Senior Analyst
Manager, Strategy
8 Yearsyrs
Program Assistant Program Lead Project Management Lead
Change Manager
9 Yearsyrs
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Graduate Consultant Demographics

Gender

Female

44.0%

Male

37.6%

Unknown

18.4%
Ethnicity

White

49.1%

Asian

23.0%

Black or African American

12.6%

Hispanic or Latino

11.0%

Unknown

4.2%
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Foreign Languages Spoken

Spanish

28.3%

French

15.9%

Chinese

15.2%

Mandarin

11.6%

Japanese

3.6%

Arabic

3.6%

Russian

2.9%

Cantonese

2.9%

Hindi

2.2%

German

2.2%

Vietnamese

1.4%

Dutch

1.4%

Korean

1.4%

Bengali

1.4%

Italian

1.4%

Greek

1.4%

Swahili

0.7%

Somali

0.7%

Bulgarian

0.7%

Thai

0.7%
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Graduate Consultant Education

Schools

Columbia University

24.3%

Wake Forest University

18.1%

Keck Graduate Institute

9.8%

George Washington University

7.1%

Emerson College

4.7%

University of Iowa

4.2%

New York University

3.6%

American University

3.0%

New School

2.7%

University of North Carolina at Chapel Hill

2.7%

Northwestern University

2.7%

University of California - Berkeley

2.4%

Tufts University School of Medicine

2.1%

Texas A&M University

2.1%

University of Washington

2.1%

University of Texas at Austin

2.1%

Middlebury Institute of International Studies at Monterey

1.8%

University of Georgia

1.8%

Georgetown University

1.5%

College of William and Mary

1.5%
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Majors

Business

14.3%

Management

13.7%

Finance

7.9%

Public Relations

7.0%

Environmental Science

5.7%

International Relations

5.1%

Marketing

4.8%

Economics

4.6%

Statistics

4.2%

Public Administration

4.2%

Public Health

4.0%

Political Science

4.0%

Pharmacy

3.5%

Communication

3.1%

Public Policy Analysis

2.6%

Counseling Psychology

2.6%

Urban Planning

2.2%

Chemistry

2.2%

Psychology

2.2%

Project Management

2.0%
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Degrees

Masters

81.3%

Bachelors

6.7%

Doctorate

6.5%

Other

3.9%

Certificate

1.4%

Associate

0.1%
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Highest Graduate Consultant Salaries

Job Title Company Location Start Date Salary
Graduate Transaction Advice Consultant ARUP Advisory, Inc. San Francisco, CA Aug 29, 2015 $69,000
Graduate Consultant URS Corporation Chicago, IL Nov 01, 2009 $66,784
Graduate Consultant (Pipeline & Subsea) WS Atkins, Inc. Houston, TX Aug 22, 2014 $65,874 -
$72,000
Graduate Consultant (Engineer) Turner & Townsend Inc. New York, NY Jan 09, 2016 $65,000
Graduate Structural Consultant WS Atkins, Inc. Houston, TX Aug 08, 2013 $57,533 -
$70,000

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Top Skills for A Graduate Consultant

  1. Strategic Framework
  2. Financial Statements
  3. Market Share
You can check out examples of real life uses of top skills on resumes here:
  • Conducted market research facilitating the analysis of competitor's market shares, and presented the findings along with recommendations to management.
  • Complete research process was undertaken from problem identification to questionnaire design to a final presentation communicating findings from the data analysis.
  • Performed research on consumer business process and gap analysis with the help of brainstorming sessions, focus groups and ethnography.
  • Conducted a literature review and formative research at Rhode Island Hospital to understand patient/provider barriers to hypertension management.
  • Conducted primary and secondary research to gain insight to consumer perceptions.

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