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Become A Strategic Consultant

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Working As A Strategic 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

  • $94,930

    Average Salary

What Does A Strategic Consultant Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become A Strategic 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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Do you work as a Strategic Consultant?

Strategic Consultant Jobs

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Strategic Consultant Career Paths

Strategic Consultant
Senior Consultant Program Manager General Manager
Director Of Sales
10 Yearsyrs
Business Consultant Senior Business Analyst Senior Manager
Director Of Strategy
12 Yearsyrs
Program Director Specialist Finance Analyst
Finance Planning Manager
8 Yearsyrs
Chief Information Officer Management Consultant Senior Consultant
Manager, Strategy
8 Yearsyrs
Development Director Business Developer Business Development Manager
Marketing Director
7 Yearsyrs
Senior Consultant Project Manager Program Manager
Marketing Manager
6 Yearsyrs
Developer/Consultant Senior Software Engineer Product Manager
Product Management Director
12 Yearsyrs
Developer/Consultant Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Business Development Manager Senior Manager Controller
Senior Director Of Finance
14 Yearsyrs
Principal Consultant Senior Manager Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Managing Director Principal Consultant Senior Manager
Senior Manager Of Marketing
9 Yearsyrs
Development Director Developer/Consultant Senior Consultant
Senior Product Manager
9 Yearsyrs
Program Manager Information Technology Project Manager
Senior Project Manager
12 Yearsyrs
Program Director General Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Managing Director President/Chief Executive Officer Business Developer
Vice President & General Manager
12 Yearsyrs
Business Consultant Senior Consultant Information Technology Manager
Vice President Of Information Technology
12 Yearsyrs
Business Development Manager Senior Product Manager Director Of Product Development
Vice President Product Development
12 Yearsyrs
Program Manager Business Developer
Vice President, Business Development
13 Yearsyrs
Chief Information Officer Senior Project Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
Founder Founder And Chief Executive Officer Vice President, Product Management
Vice President, Strategy
13 Yearsyrs
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Do you work as a Strategic Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Consultant 2.4 years
Project Consultant 1.9 years
Top Employers Before
Consultant 14.0%
Director 6.1%
Internship 4.9%
Manager 4.4%
Top Employers After
Consultant 11.9%
Director 6.0%
President 3.2%

Do you work as a Strategic Consultant?

Strategic Consultant Demographics

Gender

Male

55.2%

Female

40.0%

Unknown

4.7%
Ethnicity

White

57.2%

Hispanic or Latino

15.0%

Asian

12.9%

Black or African American

10.6%

Unknown

4.3%
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Languages Spoken

Spanish

34.0%

French

18.6%

Chinese

7.2%

Portuguese

6.2%

Arabic

5.2%

Italian

5.2%

Japanese

4.1%

Mandarin

4.1%

German

2.1%

Russian

2.1%

Dutch

2.1%

Croatian

1.0%

Slovene

1.0%

Filipino

1.0%

Vietnamese

1.0%

Romanian

1.0%

Amharic

1.0%

Tagalog

1.0%

Polish

1.0%

Cantonese

1.0%
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Strategic Consultant Education

Schools

University of Phoenix

11.3%

Michigan State University

6.8%

Carnegie Mellon University

5.3%

University of Texas at Austin

5.3%

Villanova University

5.3%

New York University

4.5%

George Washington University

4.5%

Northwestern University

4.5%

Pennsylvania State University

4.5%

California State University - Northridge

4.5%

Cornell University

4.5%

George Mason University

4.5%

University of Oregon

4.5%

Duke University

4.5%

Boston University

4.5%

College of William and Mary

4.5%

University of Arizona

4.5%

Hult International Business School

4.5%

University of Alabama

3.8%

University of Illinois at Chicago

3.8%
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Majors

Business

32.2%

Marketing

10.6%

Finance

9.6%

Management

7.9%

Communication

5.2%

Accounting

3.6%

Psychology

3.3%

Political Science

3.1%

Economics

2.9%

Project Management

2.7%

Law

2.5%

International Business

2.1%

Computer Science

2.1%

Small Business Management

2.1%

Public Administration

1.9%

Computer Information Systems

1.9%

Public Health

1.7%

Liberal Arts

1.5%

English

1.5%

Health Care Administration

1.5%
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Degrees

Masters

50.1%

Bachelors

29.9%

Other

9.7%

Doctorate

6.2%

Certificate

2.4%

Associate

1.4%

Diploma

0.4%
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Real Strategic Consultant Salaries

Job Title Company Location Start Date Salary
Strategic Consultant (Strategic Account Director) Ethos Health Communications Newtown, PA Apr 28, 2016 $167,606
Strategic Consultant Humanavitality, LLC Chicago, IL Mar 24, 2016 $150,259 -
$164,780
Strategic Planning Consultant Dell Products LP Round Rock, TX Oct 26, 2016 $145,000
Consultant, Ricardo Strategic Consulting Ricardo, Inc. Van Buren, MI Jul 14, 2016 $133,000
Strategic Planning Consultant Dell Products L.P. Round Rock, TX Nov 10, 2014 $130,602
Strategic Planning Consultant Dell Marketing L.P. Round Rock, TX Sep 16, 2016 $130,000
Consultant, Ricardo Strategic Consulting Ricardo, Inc. Van Buren, MI Aug 21, 2016 $130,000
Consultant, Ricardo Strategic Consulting Ricardo, Inc. Van Buren, MI Sep 08, 2015 $130,000
Strategic Consultant Ethos Health Communications Newtown, PA Sep 08, 2014 $130,000
Strategic Consultant (Director, Financial and Clin Certify Data Systems Inc. San Diego, CA Sep 15, 2014 $126,755 -
$143,800
Strategic Consultant II Pros, Inc. Houston, TX Sep 20, 2016 $126,000
Strategic Consultant Control Group, Inc. New York, NY Jul 13, 2015 $125,000 -
$140,000
Strategic Planning Consultant Dell Products L.P. Round Rock, TX Jul 11, 2014 $122,740
Strategic Planning Consultant Dell Products L.P. Round Rock, TX Apr 21, 2014 $122,740
Senior Internal Strategic Consultant Sap Labs, LLC Palo Alto, CA Sep 03, 2012 $114,653
Senior Internal Strategic Consultant Sap Labs, LLC Palo Alto, CA Sep 13, 2012 $114,653
Strategic Planning Consultant Dell Marketing, LP Austin, TX Oct 01, 2013 $113,893
SR. Internal Strategic Consultant Sap Labs, LLC Palo Alto, CA Sep 13, 2012 $111,314
Strategic Planning Consultant Dell USA LP Round Rock, TX Aug 17, 2013 $110,578
Strategic Consultant (Strategic Account Director) Ethos Health Communications Newtown, PA Oct 19, 2016 $110,000 -
$180,000
Strategic Sourcing Consultant IBM Corporation Englewood Cliffs, NJ Apr 08, 2016 $107,905 -
$195,000
Senior Strategic Consultant Ads Alliance Data Systems, Inc. New York, NY Oct 01, 2014 $91,912
Strategic Consultant Ethos Health Communications Newtown, PA Dec 17, 2013 $90,000 -
$110,000
Strategic Planning Consultant Banesco International Corp. Doral, FL Jun 15, 2015 $90,000
Manager Level Strategic Consultant (MSC) Ethos Health Communications Newtown, PA Dec 17, 2010 $90,000
Strategic Consultant, Investment Management Thomson Reuters (Markets) LLC New York, NY Jul 18, 2011 $86,778 -
$116,584
Strategic Consultant IBM India Private Limited Piscataway, NJ Aug 07, 2016 $86,070

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Top Skills for A Strategic Consultant

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  1. Strategic Business Partner
  2. Financial Models
  3. Strategic Plan
You can check out examples of real life uses of top skills on resumes here:
  • Created financial models, sales forecasting and performed due diligence to ensure comprehensive analysis of potential market entry.
  • Contracted for specific Strategic Planning, Accreditation and program enhancement and expansion projects assigned by the CEO/Clinical Director
  • Deployed internal project management tools across the entire organization
  • Evaluated Operations Support Systems of telecommunications companies to ensure compliance with regulatory mandates.
  • Provided independent consulting services to companies seeking financing, business development, organic growth, strategic investment and marketing assistance.

How Would You Rate Working As a Strategic Consultant?

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Top Strategic Consultant Employers

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Jobs From Top Strategic Consultant Employers

Strategic Consultant Videos

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