A management consultant, also sometimes called a management analyst, helps a company or government entity layout and execute projects with the coveted outcome of becoming more productive or competitive. To achieve this goal, they may recommend various strategies to modify the organization's structure or operation methods in ways that result in increased profits, better practices, and improved efficiency.

Management consultants may specialize in a particular industry, such as healthcare, manufacturing, or education. Alternatively, their focus may be on a function, such as human resources, information technology, financial restructuring, or inventory control.

The reported annual salary for a management consultant in the U.S is approximately $83,610, or $40.2 per hour. However, this figure can vary significantly depending upon academic qualification, having previous experience, and possession of the aforementioned skills.

What Does a Management Consultant Do

There are certain skills that many management consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and interpersonal skills.

Learn more about what a Management Consultant does

How To Become a Management Consultant

If you're interested in becoming a management consultant, one of the first things to consider is how much education you need. We've determined that 67.3% of management consultants have a bachelor's degree. In terms of higher education levels, we found that 21.7% of management consultants have master's degrees. Even though most management consultants have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Management Consultant

Management Consultant Career Paths

Average Salary for a Management Consultant

Management Consultants in America make an average salary of $99,360 per year or $48 per hour. The top 10 percent makes over $136,000 per year, while the bottom 10 percent under $72,000 per year.
Average Management Consultant Salary
$99,360 Yearly
$47.77 hourly
$72,000
10 %
$99,000
Median
$136,000
90 %

What Am I Worth?

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How To Become a Management Consultant
How To Become a Management Consultant Career Overview

States With The Most Management Consultant Jobs

Mouse over a state to see the number of active management consultant jobs in each state. The darker areas on the map show where management consultants earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Management Consultant Jobs By State

Management Consultant Education

Management Consultant Majors

29.2 %
8.0 %

Management Consultant Degrees

Bachelors

67.3 %

Masters

21.7 %

Associate

6.1 %

Top Colleges for Management Consultants

1. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. George Washington University, The

Washington, DC • Private

In-State Tuition
$55,230
Enrollment
12,161

6. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

7. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030

8. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

9. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

10. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

Top Skills For a Management Consultant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.4% of management consultants listed healthcare on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Management Consultant Resume templates

Zippia allows you to choose from different easy-to-use Management Consultant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Management Consultant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Management Consultant Demographics

Management Consultant Gender Distribution

Male
Male
66%
Female
Female
34%

After extensive research and analysis, Zippia's data science team found that:

  • Among management consultants, 34.1% of them are women, while 65.9% are men.

  • The most common race/ethnicity among management consultants is White, which makes up 68.2% of all management consultants.

  • The most common foreign language among management consultants is Spanish at 37.7%.

Work Experience Programs For Management Consultants

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Tax Program

Company: KPMG AU

Cost: Free

Duration: 5-6 hours

Wealth Management Program

Company: Goodbody

Cost: Free

Duration: 5-6 hours

Career Catalyst: Audit Program

Company: KPMG U.S.

Cost: Free

Duration: 5-6 hours

Workplace Preparation Program

Company: ANZ

Cost: Free

Duration: 5-6 hours

Business and Human Rights Program

Company: Clifford Chance

Cost: Free

Duration: 7.5-8.5 hours

Strategy Consulting Program

Company: Accenture Australia

Cost: Free

Duration: 5-6 hours

Process Design Program

Company: Accenture North America

Cost: Free

Duration: 5-6 hours

Developer Program

Company: Accenture Nordics

Cost: Free

Duration: 2-3 hours

Asset Management Program

Company: JPMorgan Chase

Cost: Free

Duration: 5-6.5 hours

Human Resources Program

Company: General Electric

Cost: Free

Duration: 5-6 hours

Online Courses For Management Consultant That You May Like

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Best States For a Management Consultant

Some places are better than others when it comes to starting a career as a management consultant. The best states for people in this position are New Jersey, Maryland, Massachusetts, and Washington. Management consultants make the most in New Jersey with an average salary of $119,093. Whereas in Maryland and Massachusetts, they would average $111,735 and $110,041, respectively. While management consultants would only make an average of $106,562 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New Jersey

Total Management Consultant Jobs:
2,210
Highest 10% Earn:
$161,000
Location Quotient:
1.28

2. Massachusetts

Total Management Consultant Jobs:
2,320
Highest 10% Earn:
$149,000
Location Quotient:
1.16

3. Illinois

Total Management Consultant Jobs:
3,102
Highest 10% Earn:
$140,000
Location Quotient:
1.2
Full List Of Best States For Management Consultants

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Top Management Consultant Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ management consultants and discovered their number of management consultant opportunities and average salary. Through our research, we concluded that IBM was the best, especially with an average salary of $104,647. Accenture follows up with an average salary of $92,709, and then comes Axon with an average of $123,444. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a management consultant. The employers include CITGO Petroleum, UBS, and CVS Health

Most Common Employers For Management Consultant

RankCompanyAverage SalaryHourly RateJob Openings
1TASER Self-Defense$123,444$59.35401
2Aetna$114,265$54.94131
3Dell$113,060$54.36111
4DXC Technology$111,814$53.7678
5IBM$104,647$50.315,764
6Prime Therapeutics$101,570$48.8380
7Ernst & Young$96,951$46.6199
8Navigant Consulting$93,659$45.03229
9Oliver Wyman$93,023$44.7273
10Accenture$92,709$44.57624

Management Consultant Videos

Becoming a Management Consultant FAQs

Are Management Consultants Highly Paid?

Yes, management consultants are highly paid, with an average annual salary of $90,000. The sign-on bonuses for this job are usually around $5,000, and performance bonuses typically total around $16,000 annually.

How Long Does It Take To Become A Management Consultant?

It takes a minimum of four years to become a management consultant. Management consulting is a competitive field, so the more education and experience, the better.

Management consultants have a minimum of a four-year degree, but many seek further education to potentially have more luck in landing a position in the field. Many jobs require a master's or MBA to even be considered for management consultant positions, which can take an additional two years.

Is Management Consulting A Good Career?

Yes, management consulting is a good career. As long as you have an understanding of what a career in management consulting requires, management consulting can be a rewarding career option.

Is Management Consulting A High-paying Job?

Yes, management consulting is a high-paying job. Even as an entry-level management consultant, the average salary ranges from $80,000 to $100,000 per year, the average American salary only being $50,000 per year.

What Degree Do You Need To Be A Management Consultant?

A management consultant needs to have a bachelor's degree. There are a variety of acceptable degree options for management consultants due to few colleges or universities offering a specific management consulting program.

What Does A Management Consultant Do?

A management consultant offers counsel and advice on better ways of doing things within various departments of a company or firm. Management consultants have to be well versed in the inner workings of a company or firm in order to advise which changes will work best.

What Does An Entry-level Management Consultant Do?

An entry-level management consultant improves a company or firm's efficiency and performance within a specific department. In an entry-level management consulting position, you are learning more specifics on how to become a management consultant.

What Does An Entry-level Management Consultant Make?

An entry-level management consultant makes an average of $80,000 to $100,000 a year. Salaries can vary depending on education level and how much experience you have.

Even when applying to an entry-level management consultant position, having experience is often desired. This can also slightly increase your base salary. However, the main contributor to how much you make as an entry-level management consultant is dependent on your level of education.

What Qualifications Do You Need For Management Consulting?

The qualifications you need for management consulting will either come through work experience or a bachelor's or graduate degree in a business-related field. Management consultants are outside parties hired to work with senior teams and executives to solve complex problems.

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