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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

  • $108,000

    Average Salary

What Does A Management 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 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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Management Consultant Jobs

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Management Consultant Career Paths

Management Consultant
Project Manager Vice President Chief Finance Officer
Chief Finance And Operating Officer
14 Yearsyrs
Project Manager Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Project Manager General Manager Operations Vice President
Senior Vice President-Operations
14 Yearsyrs
Senior Project Manager Director Finance Director
Senior Director Of Finance
14 Yearsyrs
Manager Program Manager
Manager, Program Management
9 Yearsyrs
Manager Operations Manager Program Manager
Global Program Manager
10 Yearsyrs
Manager Case Manager Program Manager
Engagement Manager
9 Yearsyrs
Senior Consultant Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Senior Consultant Senior Project Manager
Director Of Professional Services
11 Yearsyrs
General Manager Account Manager Product Manager
Vice President, Product Management
13 Yearsyrs
Business Consultant Senior Finance Analyst
Finance Project Manager
8 Yearsyrs
Project Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Senior Consultant Senior Manager
Practice Leader
11 Yearsyrs
Senior Project Manager Information Technology Director
Director Of Information Management
10 Yearsyrs
Project Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Project Leader Senior Business Analyst Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Principal Consultant Solutions Architect
Solutions Manager
8 Yearsyrs
Team Leader Project Leader Project Management Lead
Change Manager
9 Yearsyrs
Project Leader Senior Business Analyst Implementation Manager
Integration Manager
9 Yearsyrs
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Do you work as a Management Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Owner, Consultant 4.7 years
Consultant 2.4 years
Process Consultant 2.2 years
Project Consultant 1.9 years
Top Careers Before Management Consultant
Consultant 11.1%
Manager 6.1%
Director 4.6%
Internship 4.0%
Top Careers After Management Consultant
Consultant 12.2%
Manager 5.0%
Director 4.9%
Owner 3.1%
President 3.0%
Principal 2.6%

Do you work as a Management Consultant?

Management Consultant Demographics

Gender

Male

59.3%

Female

31.1%

Unknown

9.6%
Ethnicity

White

58.0%

Hispanic or Latino

14.0%

Black or African American

11.9%

Asian

11.5%

Unknown

4.6%
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Foreign Languages Spoken

Spanish

37.7%

French

15.8%

German

7.6%

Italian

5.1%

Mandarin

5.0%

Chinese

4.8%

Portuguese

4.4%

Japanese

2.7%

Arabic

2.6%

Russian

2.5%

Hindi

2.3%

Carrier

1.8%

Cantonese

1.3%

Hebrew

1.3%

Swedish

1.2%

Urdu

1.0%

Korean

0.9%

Turkish

0.7%

Dutch

0.6%

Vietnamese

0.6%
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Management Consultant Education

Schools

University of Phoenix

14.5%

New York University

8.1%

George Washington University

7.5%

Pennsylvania State University

5.1%

University of Southern California

4.9%

University of Pennsylvania

4.7%

Columbia University

4.6%

University of Texas at Austin

4.6%

George Mason University

4.3%

Northwestern University

4.3%

Cornell University

4.1%

Northeastern University

3.9%

Villanova University

3.9%

DePaul University

3.9%

University of Chicago

3.9%

Harvard University

3.8%

Purdue University

3.7%

Michigan State University

3.5%

Texas A&M University

3.4%

University of Maryland - College Park

3.4%
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Majors

Business

34.0%

Finance

10.4%

Management

7.8%

Accounting

5.9%

Marketing

5.0%

Computer Science

4.9%

Project Management

3.9%

Economics

2.8%

Nursing

2.8%

Computer Information Systems

2.7%

Political Science

2.3%

Human Resources Management

2.2%

Psychology

2.2%

Electrical Engineering

2.2%

Communication

2.0%

Law

1.9%

Health Care Administration

1.9%

Management Information Systems

1.8%

Information Technology

1.8%

Education

1.6%
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Degrees

Masters

41.7%

Bachelors

35.2%

Other

11.8%

Doctorate

4.0%

Certificate

3.4%

Associate

3.0%

Diploma

0.7%

License

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$108,000
View Detailed Salary Report
$77,000
Min 10%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$108,000
Median 50%
$152,000
Max 90%
Best Paying Company
Synopsys
Highest Paying City
Seattle, WA
Highest Paying State
Oregon
Avg Experience Level
2.8 years
How much does a Management Consultant make at top companies?
The national average salary for a Management Consultant in the United States is $108,970 per year or $52 per hour. Those in the bottom 10 percent make under $77,000 a year, and the top 10 percent make over $152,000.

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 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
Managing Consultant Axon Solutions, Inc. Wilmington, DE Apr 03, 2015 $170,644
Managing Consultant Axon Solutions, Inc. Golden, CO Jan 28, 2015 $170,644
Managing Consultant Axon Solutions, Inc. Golden, CO Feb 02, 2016 $170,000
Managing Consultant Axon Solutions, Inc. Houston, TX Jun 24, 2015 $167,200
Managing Consultant Broadpoint Inc. Bethesda, MD Feb 29, 2016 $167,128
Managing Consultant IBM Corporation Schaumburg, IL Jun 30, 2015 $124,524
Managing Consultant IBM Corporation North Wales, PA Jan 12, 2015 $124,500
Managing Consultant IBM Corporation North Wales, PA Dec 01, 2015 $124,500
Managing Consultant IBM Corporation Paramus, NJ Oct 27, 2016 $124,428
Managing Consultant IBM Corporation Paramus, NJ Jun 10, 2016 $124,428
Managing Consultant IBM Corporation Paramus, NJ Sep 23, 2016 $124,428
Managing Consultant IBM Corporation Eden Prairie, MN Mar 05, 2015 $109,819
Managing Consultant IBM Corporation Sunnyvale, CA Mar 02, 2015 $109,762 -
$169,055
Managing Consultant IBM Corporation San Jose, CA Mar 11, 2015 $109,762 -
$169,055
Managing Consultant IBM Corporation San Jose, CA Sep 08, 2015 $109,762 -
$169,055
Instructional Management Consultant Airborne Systems North America of Nj Inc. Eloy, AZ Feb 15, 2015 $109,568
Managing Consultant IBM Corporation Hillsboro, OR Aug 17, 2015 $109,483 -
$155,000
Managing Consultant Red Clay Consulting San Diego, CA Aug 22, 2016 $109,283

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Top Skills for A Management Consultant

  1. Project Management
  2. Financial Management
  3. Sales Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Headed Consulting Services practice for a privately held training and consulting firm specializing in Microsoft Project and Project Management Practices.
  • Set up financial management application tools necessary for cost proposal development with competitive forward pricing schedules with labor metrics.
  • Developed marketing, product development, and sales strategies to increase profitability.
  • Assisted with development and implementation of all Enriched Housing and Assisted Living-related policies and procedures.
  • Provided expert project management consulting to the company s management staff focusing on improving the outcome of various business development projects.

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Top 10 Best States for Management Consultants

  1. Idaho
  2. North Carolina
  3. New Jersey
  4. Texas
  5. Connecticut
  6. Washington
  7. Delaware
  8. Virginia
  9. Wisconsin
  10. New Hampshire
  • (101 jobs)
  • (1,279 jobs)
  • (1,154 jobs)
  • (2,689 jobs)
  • (459 jobs)
  • (718 jobs)
  • (105 jobs)
  • (1,733 jobs)
  • (434 jobs)
  • (158 jobs)

Top Management Consultant Employers

Jobs From Top Management Consultant Employers

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