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Management consultant hiring summary. Here are some key points about hiring management consultants in the United States:
Here's a step-by-step management consultant hiring guide:
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
First, determine the employments status of the management consultant you need to hire. Certain management consultant roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect management consultant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of management consultants.
Type Of Management Consultant | Description | Hourly Rate |
---|---|---|
Management Consultant | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $34-65 |
Contractor/Consultant | A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work... Show More | $27-59 |
Solutions Consultant | A solutions consultant is a professional who has an in-depth knowledge of technology that can help a company to overcome issues, increase sales, and have a better connection with their customers. Solutions consultants are responsible for heading the installment of customized software solutions and train dealers and customer sales engineers to administer the customized solution... Show More | $32-62 |
Including a salary range in the management consultant job description is a good way to get more applicants. A management consultant salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a management consultant in North Dakota may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level management consultant. Additionally, a management consultant with lots of experience in the field may command a higher salary as a result.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | New Jersey | $119,112 | $57 |
2 | District of Columbia | $110,611 | $53 |
3 | Massachusetts | $109,998 | $53 |
4 | California | $107,930 | $52 |
5 | Washington | $107,167 | $52 |
6 | Wisconsin | $106,361 | $51 |
7 | New York | $105,383 | $51 |
8 | Connecticut | $104,513 | $50 |
9 | Texas | $104,044 | $50 |
10 | Illinois | $103,339 | $50 |
11 | Virginia | $103,208 | $50 |
12 | North Carolina | $103,172 | $50 |
13 | Minnesota | $99,334 | $48 |
14 | Pennsylvania | $97,718 | $47 |
15 | Ohio | $97,255 | $47 |
16 | Colorado | $95,288 | $46 |
17 | Georgia | $94,128 | $45 |
18 | Michigan | $92,903 | $45 |
19 | Arizona | $89,195 | $43 |
20 | Kentucky | $88,881 | $43 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Apple | $136,272 | $65.52 | 66 |
2 | L.E.K. Consulting | $134,412 | $64.62 | 1 |
3 | CITGO Petroleum | $127,700 | $61.39 | |
4 | $126,550 | $60.84 | 46 | |
5 | Coalfire Systems Inc. | $123,838 | $59.54 | 1 |
6 | TASER Self-Defense | $123,444 | $59.35 | 24 |
7 | The Tipping Point | $123,033 | $59.15 | |
8 | Genentech | $122,857 | $59.07 | 3 |
9 | IT Concepts | $121,885 | $58.60 | 4 |
10 | Fujitsu | $121,486 | $58.41 | |
11 | Walmart | $121,185 | $58.26 | 173 |
12 | Siemens Enterprise Communications Inc | $121,143 | $58.24 | |
13 | Slalom | $120,898 | $58.12 | 103 |
14 | Windward Consulting | $119,356 | $57.38 | 1 |
15 | DynTek | $118,479 | $56.96 | |
16 | XMS Solutions | $118,107 | $56.78 | |
17 | Roblox | $117,188 | $56.34 | 15 |
18 | OLR | $117,025 | $56.26 | |
19 | CDK Global | $116,818 | $56.16 | 6 |
20 | Personify, Inc. | $116,104 | $55.82 |
A good management consultant job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a management consultant job description:
To find the right management consultant for your business, consider trying out a few different recruiting strategies:
Recruiting management consultants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the management consultant candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new management consultant first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire management consultants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire management consultants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $99,360 per year for a management consultant, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for management consultants in the US typically range between $34 and $65 an hour.