A Senior Management Consultant is responsible for identifying and solving management issues within an organization. Through years and even decades of experience in their field, these Consultants conduct research and examine the various executive and management processes within a company and then create a strategy and a solution to any issues and can spot any chance for improvement of these programs.

They may do other things, such as financial and business analysis, which can come in handy in their work line and directly speak with junior employees and with customers. These Consultants may head entire teams of junior consultants and may be able to modify and replace company policies and programs.

A person seeking work in this position generally needs to have years of experience in the industry and a good understanding of managerial and other processes and methodologies. A university-level degree is often preferred, if not necessary, and a Master's degree in a subject such as Business Administration, too, might be desired, even needed. A Senior Management Consultant earns an average of $62.82 an hour.

What Does a Senior Management Consultant Do

There are certain skills that many senior management 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 analytical skills, communication skills and interpersonal skills.

Learn more about what a Senior Management Consultant does

How To Become a Senior Management Consultant

If you're interested in becoming a senior management consultant, one of the first things to consider is how much education you need. We've determined that 68.3% of senior management consultants have a bachelor's degree. In terms of higher education levels, we found that 23.0% of senior management consultants have master's degrees. Even though most senior management consultants have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Senior Management Consultant

Senior Management Consultant Career Paths

Average Salary for a Senior Management Consultant

Senior Management Consultants in America make an average salary of $128,259 per year or $62 per hour. The top 10 percent makes over $181,000 per year, while the bottom 10 percent under $90,000 per year.
Average Senior Management Consultant Salary
$128,259 Yearly
$61.66 hourly

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Roles and Types of Senior Management Consultant

The role of a senior management consultant includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general senior management consultant responsibilities:

  • Partner with time zone leadership in either americas / europe, middle east
  • Consulting a) consults internal/external customers on audit results of the compliance system calculations based upon plan provisions
  • Viewed as a top-level consultant in the design, development configuration, customization, deployment, maintenance

There are several types of senior management consultant, including:

Consultant

Role:

Consultants are essential to businesses that want to improve their performance. Typically, consultants advise these businesses in many areas such as operations, profitability, management, and even structure.

Consultants have their work cut out for them because their advice can stretch over so many different areas. You may need some expertise in management, strategy, human resources, finance, and IT (just to name a few fields).

In addition to having all of this knowledge, consultants typically work long hours, we're talking an average of 56 hours a week, but many work even beyond that, to around 70-80 hours. Spending that many hours at the office, you'll probably end up with some good friends, at least.

  • Average Salary: $78,912
  • Degree: Bachelor's Degree

Management Consultant

Role:

A management consultant, also sometimes called a management analyst, helps a company or government entity layout and execute projects with the coveted outcome of becoming more productive or competitive. To achieve this goal, they may recommend various strategies to modify the organization's structure or operation methods in ways that result in increased profits, better practices, and improved efficiency.

Management consultants may specialize in a particular industry, such as healthcare, manufacturing, or education. Alternatively, their focus may be on a function, such as human resources, information technology, financial restructuring, or inventory control.

The reported annual salary for a management consultant in the U.S is approximately $83,610, or $40.2 per hour. However, this figure can vary significantly depending upon academic qualification, having previous experience, and possession of the aforementioned skills.
  • Average Salary: $99,360
  • Degree: Bachelor's Degree

Business Consultant

Role:

Business consultants analyze the processes and efficiency of a company. They identify potential problems and design business strategies for tackling them. They create business plans, increasing the potential of the company, and advise on the most cost-effective ways to achieve realistic business goals.

Business consultants work in a variety of sectors from healthcare to manufacturing, human resources, or financing. They do, however, tend to specialize in one area or another. Often they are self-employed, providing their services to a number of different clients, or they might be permanent employees at a firm. Either way, their job is essentially to listen and understand the company's particular needs.

Starting a consultancy business seems like an attractive solution to many who prefer to be their own bosses. Charging more for your services than you think you should as a freelance consultant gives you credibility and generates trust in your clients toward your services. That is one ground rule that will not be very painful to stick to, right?
  • Average Salary: $87,214
  • Degree: Bachelor's Degree

States With The Most Senior Management Consultant Jobs

Mouse over a state to see the number of active senior management consultant jobs in each state. The darker areas on the map show where senior management consultants earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Senior Management Consultant Jobs By State

RankStateNumber of JobsAverage Salary
1California9,427$125,657
2Texas4,526$131,608
3Florida3,713$99,165
4New York3,364$139,995
5Illinois3,228$139,190
6Virginia2,738$127,167
7Pennsylvania2,468$124,435
8Georgia2,277$122,620
9Massachusetts2,254$143,116
10North Carolina2,097$133,754
11New Jersey1,953$149,481
12Michigan1,886$117,960
13Washington1,819$139,905
14Ohio1,798$124,533
15Arizona1,554$116,707
16Tennessee1,500$112,824
17Minnesota1,344$124,209
18Oregon1,264$122,353
19Colorado1,244$130,639
20Maryland1,162$137,028
21Indiana1,098$109,892
22Wisconsin1,091$126,619
23Utah1,068$104,635
24South Carolina1,050$123,207
25Alabama1,035$133,635
26Missouri1,030$123,257
27Connecticut988$137,213
28Oklahoma671$137,386
29Iowa597$117,355
30Arkansas597$86,707
31Kentucky593$99,459
32New Mexico538$122,588
33Kansas537$125,922
34Louisiana485$110,303
35Nevada464$95,658
36West Virginia439$111,058
37Mississippi420$94,332
38Nebraska387$102,439
39New Hampshire377$125,393
40Rhode Island374$132,887
41Delaware341$112,757
42Maine326$106,626
43South Dakota264$117,630
44Idaho260$98,380
45Vermont256$125,301
46Hawaii230$59,729
47North Dakota204$112,702
48Wyoming202$123,343
49Alaska178$127,743
50Montana172$102,538

Senior Management Consultant Education

Senior Management Consultant Majors

26.9 %
8.6 %

Senior Management Consultant Degrees

Bachelors

68.3 %

Masters

23.0 %

Associate

4.8 %

Top Colleges for Senior Management Consultants

1. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

Admissions
Most Popular Majors
Business
Economics
Psychology
Computer Science
Mechanical Engineering

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

Admissions
Most Popular Majors
Finance
Business
Economics
Political Science
Computer Science

3. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

Admissions
Most Popular Majors
Business
Economics
Psychology
Computer Information Systems
Political Science

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

Admissions
Most Popular Majors
Business
Computer Science
Electrical Engineering
Accounting
Economics

5. George Washington University, The

Washington, DC • Private

In-State Tuition

$55,230

Enrollment

12,161

Admissions
Most Popular Majors
Political Science
Business
Computer Science
Economics
Accounting

6. Pennsylvania State University

University Park, PA • Private

In-State Tuition

$18,454

Enrollment

40,108

Admissions
Most Popular Majors
Accounting
Economics
Finance
Psychology
Computer Information Systems

7. Lehigh University

Bethlehem, PA • Private

In-State Tuition

$52,930

Enrollment

5,030

Admissions
Most Popular Majors
Finance
Mechanical Engineering
Computer Science
Business
Accounting

8. Harvard University

Cambridge, MA • Private

In-State Tuition

$50,420

Enrollment

7,582

Admissions
Most Popular Majors
Business
Economics
Political Science
Computer Science
Finance

9. University of Georgia

Athens, GA • Private

In-State Tuition

$11,830

Enrollment

29,474

Admissions
Most Popular Majors
Business
Finance
Psychology
Marketing
Accounting

10. Ball State University

Muncie, IN • Private

In-State Tuition

$9,896

Enrollment

15,529

Admissions
Most Popular Majors
Psychology
Accounting
Marketing
Communication
Finance

Top Skills For a Senior Management Consultant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.3% of senior management consultants listed analytics on their resume, but soft skills such as analytical skills and communication skills are important as well.

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Senior Management Consultant Demographics

Senior Management Consultant Gender Distribution

Male
Male
71%
Female
Female
29%

After extensive research and analysis, Zippia's data science team found that:

  • Among senior management consultants, 28.8% of them are women, while 71.2% are men.

  • The most common race/ethnicity among senior management consultants is White, which makes up 64.6% of all senior management consultants.

  • The most common foreign language among senior management consultants is Spanish at 30.1%.

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Best States For a Senior Management Consultant

Some places are better than others when it comes to starting a career as a senior management consultant. The best states for people in this position are New Jersey, Massachusetts, New York, and Washington. Senior management consultants make the most in New Jersey with an average salary of $149,481. Whereas in Massachusetts and New York, they would average $143,116 and $139,995, respectively. While senior management consultants would only make an average of $139,905 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Illinois

Total Senior Management Consultant Jobs: 3,228
Highest 10% Earn:
$203,000
Location Quotient:
1.12

2. New Jersey

Total Senior Management Consultant Jobs: 1,953
Highest 10% Earn:
$215,000
Location Quotient:
1.02

3. Rhode Island

Total Senior Management Consultant Jobs: 374
Highest 10% Earn:
$192,000
Location Quotient:
1.28
Full List Of Best States For Senior Management Consultants

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Top Senior Management Consultant Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ senior management consultants and discovered their number of senior management consultant opportunities and average salary. Through our research, we concluded that IBM was the best, especially with an average salary of $144,399. Lincoln Financial Group follows up with an average salary of $85,148, and then comes Accenture with an average of $133,731. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a senior management consultant. The employers include UBS, Oracle, and Veeva Systems

Most Common Employers For Senior Management Consultant

RankCompanyAverage SalaryHourly RateJob Openings
1Capgemini$154,639$74.3523
2IBM$144,399$69.421,618
3Ernst & Young$144,060$69.2663
4Arcadis$139,045$66.8523
5Dell$134,685$64.7523
6PFM$134,032$64.4417
7Accenture$133,731$64.2974
8NYC Health + Hospitals$132,644$63.7723
9CVS Health$132,298$63.6017
10Pwc$131,121$63.0450

Senior Management Consultant Videos

Becoming a Senior Management Consultant FAQs

Are Management Consultants Highly Paid?

Yes, management consultants are highly paid, with an average annual salary of $90,000. The sign-on bonuses for this job are usually around $5,000, and performance bonuses typically total around $16,000 annually.

How Do I Become A Senior Consultant?

You can become a senior consultant by earning the necessary educational achievements and gaining significant experience. To become a senior consultant, a person must first earn a bachelor's degree in management consulting or similar studies like business, management, economics, or accounting.

How Many Years Does It Take To Become A Senior Consultant?

It takes about three to five years to become a senior consultant. To become a senior consultant, a person must first earn a bachelor's degree in management consulting or similar studies like business, management, economics, or accounting.

What Does A Management Consultant Do?

A management consultant offers counsel and advice on better ways of doing things within various departments of a company or firm. Management consultants have to be well versed in the inner workings of a company or firm in order to advise which changes will work best.

What Qualifications Do You Need For Management Consulting?

The qualifications you need for management consulting will either come through work experience or a bachelor's or graduate degree in a business-related field. Management consultants are outside parties hired to work with senior teams and executives to solve complex problems.

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