A principal consultant is a senior member of a consulting firm's staff who offers expertise, resources, and guidance to help clients succeed in their businesses. Their responsibilities may include identifying and contacting potential clients, building strong relationships with existing clients for repeat business, maintaining frequent client communication, making regular client visits, and ensuring client satisfaction.
Their additional responsibilities may include conducting meetings with clients and management to determine projects' scopes, budgets, and timelines, developing business proposals and regulating project terms and conditions with clients, identifying potential clients through networking, referrals and communities, and tracking project progress and identifying and correcting any delays.
Principal consultants need to have experience working in consulting at a senior level, the ability to build relationships with clients, and excellent interpersonal, communication, and teamwork skills. They should also have the ability to manage projects and teams.
Principal consultants need to have a bachelor's or master's degree in their field. They typically earn $57.72 an hour, which translates to $119,634 annually.
There is more than meets the eye when it comes to being a principal consultant. For example, did you know that they make an average of $53.52 an hour? That's $111,331 a year!
Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.
There are certain skills that many principal consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed problem-solving skills, time-management skills and interpersonal skills.
When it comes to the most important skills required to be a principal consultant, we found that a lot of resumes listed 13.4% of principal consultants included procedures, while 11.0% of resumes included business process, and 9.6% of resumes included business development. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the principal consultant job title. But what industry to start with? Most principal consultants actually find jobs in the technology and professional industries.
If you're interested in becoming a principal consultant, one of the first things to consider is how much education you need. We've determined that 67.7% of principal consultants have a bachelor's degree. In terms of higher education levels, we found that 23.3% of principal consultants have master's degrees. Even though most principal consultants have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a principal consultant. When we researched the most common majors for a principal consultant, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on principal consultant resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a principal consultant. In fact, many principal consultant jobs require experience in a role such as senior consultant. Meanwhile, many principal consultants also have previous career experience in roles such as consultant or project manager.