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Practice management consultants work with offices to help them improve their business and workplace efficiency. They can work in the financial industry or in healthcare, where they help medical practices work better. The day-to-day duties of a practice management consultant depend on the needs of their clients. They might use their project management skills to develop a more efficient workflow, implement new financial services in the office, or create a business development plan. Practice management consultants usually work for only a limited time with each client, swooping in to reorganize an office or practice before moving on to the next client.
Practice management consultants have pretty lucrative careers. On average, they earn $136,353 a year. However, they need to put in a lot of work before they are qualified.
Most practice management consultants have a bachelor's or even a master's degree in business, health care administration, or a similar field. They also need many years of office management experience before they can consult for other businesses.
Associate Professor of Management, Manhattan College
Avg. Salary $92,700
Avg. Salary $59,228
Growth rate 11%
Growth rate 0.3%
American Indian and Alaska Native 0.17%
Asian 11.84%
Black or African American 8.30%
Hispanic or Latino 9.06%
Unknown 4.52%
White 66.12%
Genderfemale 49.69%
male 50.31%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is very poor
6.4 - fair
| Skills | Percentages |
|---|---|
| Financial Services | 14.71% |
| Project Management | 14.05% |
| Business Development | 8.04% |
| Human Resources | 7.93% |
| Client Relationships | 7.01% |
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The average practice management consultant salary in the United States is $92,700 per year or $45 per hour. Practice management consultant salaries range between $66,000 and $130,000 per year.
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