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Become A Management Consultant

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Working As A 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

  • $100,000

    Average Salary

What Does A Management Consultant Do

A Management Consultant is responsible for helping an organization solve issues, create value, and improve the efficiency of a business. They analyze statistics, make recommendations for improvement, and develop and implement new procedures and training programs.

How To Become A 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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1,136 Management Consultant jobs More

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Real Management Consultant Salaries

Job Title Company Location Start Date Salary
Management Consultant Netflix, Inc. Beverly Hills, CA Sep 08, 2015 $325,000
Managing Consultant Cigital, Inc. Santa Clara, CA Jun 27, 2016 $215,000
Project Management Consultant Utilicast, LLC Carmel, IN Jan 05, 2016 $195,194
Managing Consultant Pa Consulting Group, Inc. Cambridge, MA Sep 30, 2015 $189,000
Managing Consultant IBM Corporation North Wales, PA Sep 11, 2015 $185,000
Management Consultant (Project Leader) The Boston Consulting Group, Inc. Troy, MI May 11, 2015 $181,500 -
$210,000
Management Consulting Finance Effectiveness Hyperion Manager Pricewaterhousecoopers Advisory Services LLC Chicago, IL Aug 26, 2016 $180,000
Management Consultant Willis Re, Inc. Miami, FL Aug 09, 2016 $175,000
Managing Consultant Axon Solutions, Inc. Redmond, WA Sep 28, 2016 $174,244
Managing Consultant Axon Solutions, Inc. Islandia, NY Jul 31, 2015 $173,632
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Top Skills for A Management Consultant

FinancialAnalysisProjectManagementBusinessStrategyProceduresComplianceDeliveryBusinessProcessHumanResourcesProcessImprovementInfrastructureProjectPlansWebProjectScopePortfolioHealthcareBusinessDevelopmentAuditERPArchitectureManagementSystem

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Top Management Consultant Skills

  1. Financial Analysis
  2. Project Management
  3. Business Strategy
You can check out examples of real life uses of top skills on resumes here:
  • Conduct financial analysis and forecasting.
  • Utilize project management tools to track and report on developments of projects.
  • Developed and proposed framework and process to improve Blue Cross' ability to integrate business strategy with policy and legislative changes.
  • Instituted Document Control program and developed core set of procedures covering Process Management Plan, Quality Policy, and Quality Plan.
  • Provided dealer principals and supervisory personnel with action plans to ensure compliance with manufacturer warranty and incentive programs.

Top Management Consultant Employers

What Kind Of Companies Hire a Management Consultant

  1. IBM
  2. Accenture LTD
  3. KPMG LLP
  4. Navigant Cymetrix
  5. Deloitte
  6. Morgan Stanley
  7. Robert Half
  8. PricewaterhouseCoopers LLP
  9. Allstate
  10. Aetna
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Management Consultant Videos

Career Advice - Business and Management Consulting

Career Advice on becoming a Management Consultant by Sara C (Full Version)

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