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Become A MBA Consultant

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Working As A MBA 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

  • $81,320

    Average Salary

Example Of What A MBA Consultant does

  • Project tasks included market analysis, internal analysis, and strategic planning.
  • Developed new business models, optimized fee structure, and seek for new investments.
  • Conducted a full Market Analysis of areas Yes could infiltrate to gain more market share.
  • Conducted primary and secondary research on customers, competitors, distributors, potential partners, other players in the value chain.
  • Designed marketing strategy and conducted financial analysis of franchise expansion strategies for CitySquare.
  • Benchmarked sustainability initiatives, GHG emissions, technology and energy usage to competitors.
  • Conduct industry analysis to understand market potential, competitive analysis to understand differentiators and identify market segments for commercialization.
  • Created pro-forma financial models with variable inputs based on communication with GTECH CEO and market research.
  • Create spreadsheets in order to document and monitor department spend and ROI.
  • Recommended new market entry strategy with an 190% IRR
  • Defined growth strategy through quantitative research, big data market analysis, and growth matrix framework.
  • Defined project scope, crafted the project charter, obtained buy-in from executive sponsors and negotiated the timeline for project deliverable.
  • Modeled operations & financials, interviewed potential suppliers & consumers, and analyzed markets / competitive landscape / distribution strategies.
  • Conducted market research to identify the market size, consumer needs and behavior.
  • Developed a go-to-market strategy utilizing the use of Intel Real Sense(TM) technology.
  • Purpose: Consult local client businesses to provide assistance on marketing research, business plans & real business problems.
  • Conducted advanced statistical data analysis of questionnaire response data to find key insights that had managerial implications
  • Conducted extensive research on the healthcare supply chain and identified bottlenecks within the supply chain process.
  • Developed and presented analytical research to airline, apparel and communications clients.
  • -Performed social media, demographic and industry vertical research and analysis in support of business development proposals for ING

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How To Become A MBA 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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MBA Consultant jobs

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MBA Consultant Demographics

Gender

  • Male

    56.4%
  • Female

    34.7%
  • Unknown

    8.9%

Ethnicity

  • White

    54.8%
  • Asian

    35.1%
  • Hispanic or Latino

    6.8%
  • Unknown

    2.3%
  • Black or African American

    1.0%
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Languages Spoken

  • Chinese

    19.7%
  • Spanish

    19.7%
  • Mandarin

    16.4%
  • French

    13.1%
  • German

    6.6%
  • Portuguese

    3.3%
  • Russian

    3.3%
  • Hindi

    3.3%
  • Italian

    3.3%
  • Arabic

    3.3%
  • Greek

    1.6%
  • Cantonese

    1.6%
  • Japanese

    1.6%
  • Thai

    1.6%
  • Armenian

    1.6%
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MBA Consultant

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MBA Consultant Education

MBA Consultant

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Top Skills for A MBA Consultant

GrowthStrategyFinancialAnalysisBusinessPlanCompetitiveAnalysisMarketAnalysisSustainabilityInitiativesNewBusinessModelFinancialModelsProjectScopeMarketEntryStrategyROICloudHealthcareCompetitiveLandscapeStrategicRecommendationsMarketShareDataAnalysisSecondaryMarketResearchAnalyticalResearchSwot

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Top MBA Consultant Skills

  1. Growth Strategy
  2. Financial Analysis
  3. Business Plan
You can check out examples of real life uses of top skills on resumes here:
  • Defined growth strategy through quantitative research, big data market analysis, and growth matrix framework.
  • Designed marketing strategy and conducted financial analysis of franchise expansion strategies for CitySquare.
  • Recommended changes to marketing strategy and tactics to increase broadband customer base which were incorporated into the company's 2005 business plan
  • Conduct industry analysis to understand market potential, competitive analysis to understand differentiators and identify market segments for commercialization.
  • Project included an extensive market analysis of premium spirits and an analysis of potential foreign markets.

Top MBA Consultant Employers

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MBA Consultant Videos

Discussing Career Goals in Your MBA Application - Tip #2

A Career in Management Consulting - ISB MBA graduate

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

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