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.

Management Consultant Responsibilities

Here are examples of responsibilities from real management consultant resumes representing typical tasks they are likely to perform in their roles.

  • Streamline and program manage operations for end-to-end creation of all assets using Smartsheet.
  • Lead daily agile scrum meetings towards the end of the development phase of the project.
  • Create a road map to move to manage services and make recommendations to CIO staff.
  • Monitor and control project schedule for SaaS product to achieve project deliveries in at least 95th percentile.
  • Manage functional design team activities using baseline scope document information and develop process standards in line with SDLC methodologies.
  • Manage the scrum process for multiple agile teams (internal and client-facing) serving both commercial and federal clients.
  • Support the OIM architecture which involve adapter design, identity mapping, provisioning, and reconciliation.
  • Develop business strategy, assess technology, transform organizations and successfully deliver projects across a diverse portfolio of industry sectors.
  • Advise new and existing practices on healthcare administration, practice management, marketing and business development, and continuous quality improvement.
  • Evaluate and offer solutions to a major real estate investment firm on the efficiency and adequacy of their information technology portfolio.
Management Consultant Traits
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.
Interpersonal skills involves being able to communicate efficiently with multiple people regarding your thoughts, ideas and feedback.

Management Consultant Job Description

Between the years 2018 and 2028, management consultant jobs are expected to undergo a growth rate described as "much faster than average" at 14%, according to the Bureau of Labor Statistics. So if the thought "should I become a management consultant?" Has crossed your mind, maybe you should take the growth rate into account. In addition, the number of management consultant opportunities that are projected to become available by 2028 is 118,300.

On average, the management consultant annual salary is $95,108 per year, which translates to $45.73 an hour. Generally speaking, management consultants earn anywhere from $70,000 to $128,000 a year, which means that the top-earning management consultants make $58,000 more than the ones at the lower end of the spectrum.

As is the case with most jobs, it takes work to become a management consultant. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include a project management specialist, senior business consultant, contractor/consultant, and solutions consultant.

Management Consultant Jobs You Might Like

Management Consultant Resume Examples

Management Consultant Skills and Personality Traits

We calculated that 13% of Management Consultants are proficient in Business Process, Procedures, and Healthcare. They’re also known for soft skills such as Analytical skills, Communication skills, and Interpersonal skills.

We break down the percentage of Management Consultants that have these skills listed on their resume here:

  • Business Process, 13%

    Collaborated with project manager to develop TRIM7 Architecture while streamlining business processes and increasing security by redefining security and access policy.

  • Procedures, 11%

    Reviewed application software procedures, software plans and procedures, investigated developmental techniques and specific database objects and prepared written reports.

  • Healthcare, 9%

    Recruited over thirty colleagues from the healthcare business community to advise on business sustainability plan and vetting criteria for vendor partners.

  • Project Management, 7%

    Developed initial/agile/organizational culture aligned project management process.

  • Portfolio, 5%

    Evaluated and offered solutions to a major real estate investment firm on the efficiency and adequacy of their information technology portfolio.

  • Business Strategy, 5%

    Led Business Strategy and Continuous Improvement engagements across a broad range of organizations and industries to improve efficiency and capability.

"business process," "procedures," and "healthcare" aren't the only skills we found management consultants list on their resumes. In fact, there's a whole list of management consultant responsibilities that we found, including:

  • Analytical skills can be considered to be the most important personality trait for a management consultant to have. According to a management consultant resume, "management analysts must be able to interpret a wide range of information and use their findings to make proposals." Management consultants are able to use analytical skills in the following example we gathered from a resume: "implemented schedule tasks to extract data from oim to load into java applications. "
  • Another trait important for fulfilling management consultant duties is communication skills. According to a management consultant resume, "management analysts must be able to communicate clearly and precisely in both writing and speaking." Here's an example of how management consultants are able to utilize communication skills: "acted as representative of mda with business units, business partners and other projects by creating detailed communications process and plan. "
  • Another skill that is quite popular among management consultants is interpersonal skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a management consultant resume: "management analysts must work with managers and other employees of the organizations where they provide consulting services" This example from a resume shows how this skill is used: "provided a high level of customer service and passenger relations based on outstanding communication and interpersonal skills. "
  • In order for certain management consultant responsibilities to be completed, the job requires the skill "problem-solving skills." According to a management consultant resume, "management analysts must be able to think creatively to solve clients’ problems" As an example, this snippet was taken directly from a resume about how this skill applies: "configured solution manger monitoring for abap and java systems. "
  • Another common skill for a management consultant to be able to utilize is "time-management skills." Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time. A management consultant demonstrated the need for this skill by putting this on their resume: "conducted independent verification and validation management audits for the virginia information technology agency on time and within budget. "
  • See the full list of management consultant skills.

    Before becoming a management consultant, 67.3% earned their bachelor's degree. When it comes down to graduating with a master's degree, 21.7% management consultants went for the extra education. If you're wanting to pursue this career, it may be impossible to be successful with a high school degree. In fact, most management consultants have a college degree. But about one out of every nine management consultants didn't attend college at all.

    Those management consultants who do attend college, typically earn either business degrees or finance degrees. Less commonly earned degrees for management consultants include accounting degrees or computer science degrees.

    When you're ready to become a management consultant, you might wonder which companies hire management consultants. According to our research through management consultant resumes, management consultants are mostly hired by Accenture, Ernst & Young, and Deloitte. Now is a good time to apply as Accenture has 93 management consultants job openings, and there are 85 at Ernst & Young and 82 at Deloitte.

    Since salary is important to some management consultants, it's good to note that they are figured to earn the highest salaries at Electronic Data Systems, Microsoft, and Oracle. If you were to take a closer look at Electronic Data Systems, you'd find that the average management consultant salary is $147,319. Then at Microsoft, management consultants receive an average salary of $127,344, while the salary at Oracle is $126,052.

    View more details on management consultant salaries across the United States.

    For the most part, management consultants make their living in the technology and professional industries. Management consultants tend to make the most in the technology industry with an average salary of $98,462. The management consultant annual salary in the finance and health care industries generally make $90,177 and $86,728 respectively. Additionally, management consultants who work in the technology industry make 17.0% more than management consultants in the professional Industry.

    The three companies that hire the most prestigious management consultants are:

      What Project Management Specialists Do

      A project management specialist is a professional who manages an entire project and serves as a point of contact for a client or customer. Project management specialists must provide detailed cost analysis and timetable reports to keep projects on schedule and budget. They must ask for frequent updates from all staff assigned so that they can identify potential problems that may keep projects from being completed on time. Project management specialists must also prepare progress reports of projects and create presentations for senior management.

      In this section, we compare the average management consultant annual salary with that of a project management specialist. Typically, project management specialists earn a $23,626 lower salary than management consultants earn annually.

      While their salaries may differ, one common ground between management consultants and project management specialists are a few of the skills required in each craft. In both careers, employees bring forth skills like business process, procedures, and project management.

      These skill sets are where the common ground ends though. A management consultant responsibility is more likely to require skills like "healthcare," "business strategy," "infrastructure," and "architecture." Whereas a project management specialist requires skills like "pmp," "powerpoint," "action items," and "management processes." Just by understanding these different skills you can see how different these careers are.

      Project management specialists tend to make the most money in the technology industry by averaging a salary of $92,734. In contrast, management consultants make the biggest average salary of $98,462 in the technology industry.

      On average, project management specialists reach lower levels of education than management consultants. Project management specialists are 9.3% less likely to earn a Master's Degree and 2.0% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of a Senior Business Consultant?

      A senior business consultant specializes in performing research and analysis to optimize business processes. Their responsibilities revolve around coordinating with different departments to gather necessary data, devising strategies to reduce cost, assess risks, and identify the strength and weaknesses of operations to recommend solutions. They may also train and mentor junior consultants, produce progress reports and presentations, and assist clients through calls and correspondence. Furthermore, as a consultant, it is essential to adhere to the company's policies and regulations, including its vision and mission.

      Next up, we have the senior business consultant profession to look over. This career brings along a lower average salary when compared to a management consultant annual salary. In fact, senior business consultants salary difference is $2,063 lower than the salary of management consultants per year.

      Not everything about these jobs is different. Take their skills, for example. Management consultants and senior business consultants both include similar skills like "business process," "procedures," and "healthcare" on their resumes.

      But both careers also use different skills, according to real management consultant resumes. While management consultant responsibilities can utilize skills like "portfolio," "business strategy," "infrastructure," and "architecture," some senior business consultants use skills like "sr," "consultants," "analytics," and "sas."

      On average, senior business consultants earn a lower salary than management consultants. There are industries that support higher salaries in each profession respectively. Interestingly enough, senior business consultants earn the most pay in the energy industry with an average salary of $129,538. Whereas, management consultants have higher paychecks in the technology industry where they earn an average of $98,462.

      When it comes to the differences in education between the two professions, senior business consultants tend to reach similar levels of education than management consultants. In fact, they're 1.1% less likely to graduate with a Master's Degree and 2.0% less likely to earn a Doctoral Degree.

      What technology do you think will become more important and prevalent for Management Consultants in the next 3-5 years?

      Angela Grotto Ph.D.

      Associate Professor of Management, Manhattan College

      1. Data visualization to communicate the results of data analysis with an audience that may not be proficient in analytics; learn to use fewer words and equations and more eye-catching visual displays to tell a story about your analysis results.
      2. Automated technology to make jobs more comfortable and more efficient and increase productivity; this technology may replace specific jobs but also creates opportunities for new employment; so develop the necessary skill sets that will be in high demand but in low supply, such as coding, to make yourself more marketable, even if this skill is unrelated to your degree.
      3. Artificial technology and machine learning make business and HR decisions and plans (e.g., forecasting trends, allocating funds, product placement, who to hire).
      Show more

      How a Contractor/Consultant Compares

      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. On the other hand, a consultant is a skilled independent businessperson who provides expert teaching and training in a specific market by assisting existing staff for the improvement of operations, problem-solving, and development of strategies. His/her role is to assess clients' needs and provide expert advice and opinion. However, both individuals are not employees, since they came from outside of the organization to perform such services.

      Let's now take a look at the contractor/consultant profession. On average, these workers make lower salaries than management consultants with a $21,235 difference per year.

      By looking over several management consultants and contractor/consultants resumes, we found that both roles utilize similar skills, such as "business process," "procedures," and "healthcare." But beyond that the careers look very different.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from management consultants resumes, they are more likely to have skills like "portfolio," "business strategy," "customer service," and "infrastructure." But a contractor/consultant might have skills like "opportunity analysis," "hr," "hardware," and "setup."

      Contractor/consultants make a very good living in the finance industry with an average annual salary of $83,256. Whereas management consultants are paid the highest salary in the technology industry with the average being $98,462.

      When it comes to education, contractor/consultants tend to earn lower education levels than management consultants. In fact, they're 14.8% less likely to earn a Master's Degree, and 2.2% less likely to graduate with a Doctoral Degree.

      Description Of a 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. They represent the company by attending tradeshows and events to demonstrate their company's technology. Solutions consultants must also ensure to demonstrate technical feasibility through beta tests plus trial programs.

      Solutions consultants tend to earn a lower pay than management consultants by about $11,744 per year.

      While their salaries may vary, management consultants and solutions consultants both use similar skills to perform their jobs. Resumes from both professions include skills like "business process," "healthcare," and "project management. "

      While some skills are shared by these professions, there are some differences to note. "procedures," "portfolio," "business strategy," and "process improvements" are skills that have shown up on management consultants resumes. Additionally, solutions consultant uses skills like sales process, cloud, crm, and database on their resumes.

      Now, let's take a closer look at the financials in each career. The telecommunication industry tends to pay more for solutions consultants with an average of $101,276. While the highest management consultant annual salary comes from the technology industry.

      The average resume of solutions consultants showed that they earn lower levels of education to management consultants. So much so that the likelihood of them earning a Master's Degree is 19.9% less. Additionally, they're less likely to earn a Doctoral Degree by 1.7%.