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Become A Strategy Consultant

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Working As A Strategy 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

  • $106,000

    Average Salary

What Does A Strategy 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 Strategy 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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Strategy Consultant Jobs

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Strategy Consultant Career Paths

Strategy Consultant
Project Manager Product Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Project Manager Owner Marketing Director
Marketing Vice President
10 Yearsyrs
Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Management Consultant Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Management Consultant Manager Product Manager
Product Management Director
12 Yearsyrs
Management Consultant Manager Business Development Manager
Senior Business Development Manager
10 Yearsyrs
Senior Consultant General Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Senior Consultant Program Manager
Manager, Program Management
9 Yearsyrs
Senior Consultant Information Technology Project Manager Program Manager
Global Program Manager
10 Yearsyrs
Marketing Manager Product Marketing Manager Senior Product Manager
Vice President, Product Management
13 Yearsyrs
Marketing Manager Business Manager Finance Manager
Finance Project Manager
8 Yearsyrs
Manager, Strategy Senior Manager
Director Of Analytics
12 Yearsyrs
Manager, Strategy Senior Manager Of Marketing Senior Manager
Practice Leader
11 Yearsyrs
Program Manager Business Development Manager Consultant/Project Manager
Manager, Project Management Office
12 Yearsyrs
Senior Associate Senior Accountant Senior Analyst
Analytical Manager
8 Yearsyrs
Senior Associate Senior Analyst
Manager, Strategy
8 Yearsyrs
Senior Associate Senior Software Engineer Solutions Architect
Solutions Manager
8 Yearsyrs
Vice President, Strategy Vice President-Products
Vice President, Technology
11 Yearsyrs
Senior Analyst Senior Business Analyst Business Systems Senior Analyst
Business Leader
8 Yearsyrs
Vice President, Strategy
13 Yearsyrs
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Do you work as a Strategy Consultant?

Help others decide if this is a good career for them

Average Length of Employment
Owner, Consultant 4.7 years
Consultant/Founder 4.4 years
Manager, Strategy 2.6 years
Consultant 2.4 years
Project Consultant 1.9 years
MBA Consultant 0.5 years
Mba Internship 0.4 years
Top Careers Before Strategy Consultant
Consultant 11.0%
Internship 9.1%
Manager 4.1%
Analyst 3.4%
Top Careers After Strategy Consultant
Consultant 12.0%
Director 5.6%
Founder 4.3%
Internship 4.2%
Manager 3.3%

Do you work as a Strategy Consultant?

Average Yearly Salary
$106,000
View Detailed Salary Report
$75,000
Min 10%
$106,000
Median 50%
$106,000
Median 50%
$106,000
Median 50%
$106,000
Median 50%
$106,000
Median 50%
$106,000
Median 50%
$106,000
Median 50%
$150,000
Max 90%
Best Paying Company
USAA
Highest Paying City
San Francisco, CA
Highest Paying State
Washington
Avg Experience Level
1.6 years
How much does a Strategy Consultant make at top companies?
The national average salary for a Strategy Consultant in the United States is $106,761 per year or $51 per hour. Those in the bottom 10 percent make under $75,000 a year, and the top 10 percent make over $150,000.

Real Strategy Consultant Salaries

Job Title Company Location Start Date Salary
Principal, Telecommunications Strategy Consultant (Business &Technology) Cartesian, Inc. Boston, MA Feb 11, 2016 $180,000
Managing Strategy Consultant IBM Corporation Somers, NY Apr 10, 2016 $147,805 -
$162,000
Managing Strategy Consultant IBM Corporation Somers, NY Aug 31, 2016 $147,805 -
$162,000
Product Strategy Consultant Dell Products L.P. Austin, TX Oct 10, 2016 $140,000
Strategy Consultant IBM Corporation Somers, NY Dec 09, 2016 $139,794 -
$188,574
Managing Strategy Consultant IBM Corporation Armonk, NY Jul 04, 2016 $133,723 -
$141,836
Managing Strategy Consultant IBM Corporation Armonk, NY Aug 16, 2015 $133,170 -
$161,916
Managing Strategy Consultant IBM Corporation Armonk, NY Aug 10, 2015 $133,170 -
$161,916
Senior Strategy Consultant Compassion International, Inc. Colorado Springs, CO Jan 01, 2015 $126,000
Workforce Strategy Consultant Mercer (Us) Inc. New York, NY Jul 11, 2015 $125,008 -
$140,500
Consultant-Strategy IMS Health Incorporated Burlington, MA Aug 09, 2016 $125,000
Consultant-Strategy IMS Health Incorporated New York, NY Aug 20, 2016 $125,000
Strategy Consultant IBM India Private Limited Piscataway, NJ Jan 07, 2016 $102,840 -
$108,938
Strategy Consultant IBM India Private Limited Piscataway, NJ Jul 20, 2016 $102,840 -
$108,938
Strategy Consultant IBM India Private Limited Piscataway, NJ Dec 07, 2016 $102,840 -
$108,938
Strategy Consultant IBM India Private Limited Piscataway, NJ May 07, 2016 $102,840 -
$108,938
Strategy Consultant IBM India Private Limited Piscataway, NJ Jun 30, 2016 $102,840 -
$108,938
Strategy Consultant (Telecommunications, Media & Technology) Cartesian, Inc. Boston, MA Sep 14, 2016 $102,500 -
$140,000
Strategy Consultant (Telecommunications, Media & Technology) Cartesian, Inc. Boston, MA Aug 31, 2016 $102,500 -
$140,000
Senior Strategy Consultant IBM Corporation Armonk, NY Dec 22, 2015 $102,005 -
$131,218
Strategy Consultant IBM India Private Limited New York, NY Aug 03, 2015 $88,708
Strategy Consultant IBM India Private Limited New York, NY Aug 11, 2015 $88,708
Strategy Consultant IBM India Private Limited New York, NY Sep 03, 2015 $88,708
Strategy Consultant IBM India Private Limited Piscataway, NJ Jan 07, 2016 $86,070
Strategy Consultant IBM India Private Limited Piscataway, NJ Jun 30, 2016 $86,070
Strategy Consultant IBM India Private Limited Piscataway, NJ Sep 13, 2016 $86,070
Strategy Consultant IBM India Private Limited Piscataway, NJ Jul 22, 2016 $86,070
Strategy Consultant IBM India Private Limited Piscataway, NJ Jul 21, 2016 $86,070

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Top Skills for A Strategy Consultant

  1. Financial Statements
  2. Business Development
  3. Market Research
You can check out examples of real life uses of top skills on resumes here:
  • Researched industry trends, analyzed company financial statements and economic data.
  • Advise nonprofit organizations and small businesses on stakeholder engagement, market positioning & targeting, change management and business development.
  • Performed market research and competitor analysis to identify key performance indicators of measuring churn and dunning to understand industry standards.
  • Google Analytics Foundations Certification and Conversion Analysis.
  • Managed key project activities such as business requirements, process documentation, testing and communication plans.

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Top 10 Best States for Strategy Consultants

  1. Colorado
  2. Virginia
  3. California
  4. Rhode Island
  5. Texas
  6. Massachusetts
  7. New York
  8. District of Columbia
  9. Delaware
  10. Illinois
  • (481 jobs)
  • (771 jobs)
  • (2,461 jobs)
  • (119 jobs)
  • (1,208 jobs)
  • (662 jobs)
  • (1,020 jobs)
  • (238 jobs)
  • (50 jobs)
  • (946 jobs)

Strategy Consultant Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 3,306 Strategy Consultant resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Strategy Consultant Resume

View Resume Examples

Strategy Consultant Demographics

Gender

Male

54.6%

Female

32.7%

Unknown

12.7%
Ethnicity

White

53.1%

Asian

18.6%

Hispanic or Latino

12.5%

Black or African American

10.8%

Unknown

5.0%
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Foreign Languages Spoken

Spanish

26.7%

French

16.9%

Mandarin

9.1%

Chinese

7.8%

German

6.5%

Russian

5.2%

Portuguese

4.9%

Hindi

3.6%

Italian

3.6%

Arabic

2.9%

Japanese

2.6%

Bulgarian

1.6%

Cantonese

1.6%

Dutch

1.3%

Korean

1.3%

Polish

1.3%

Telugu

1.0%

Swedish

0.7%

Gujarati

0.7%

Hebrew

0.7%
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Strategy Consultant Education

Schools

New York University

9.2%

Columbia University

7.8%

University of Washington

6.8%

Northwestern University

6.7%

Duke University

6.4%

University of Pennsylvania

6.1%

University of Chicago

6.0%

Babson College

5.1%

University of Southern California

5.0%

University of Michigan - Ann Arbor

4.9%

Cornell University

4.3%

George Washington University

4.2%

University of California - Berkeley

3.7%

Boston University

3.7%

Georgetown University

3.6%

University of Texas at Austin

3.6%

Carnegie Mellon University

3.5%

Stanford University

3.3%

Thunderbird School of Global Management

3.3%

Harvard University

2.9%
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Majors

Business

29.9%

Marketing

16.0%

Finance

13.2%

Management

9.1%

Communication

4.1%

Economics

3.7%

Political Science

2.8%

Psychology

2.3%

Small Business Management

2.2%

Computer Science

2.1%

International Business

2.0%

English

1.9%

Accounting

1.8%

Electrical Engineering

1.5%

Project Management

1.4%

Public Relations

1.3%

Law

1.2%

Journalism

1.2%

Health Care Administration

1.1%

Graphic Design

1.1%
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Degrees

Masters

58.3%

Bachelors

27.2%

Other

7.5%

Doctorate

3.4%

Certificate

2.7%

Associate

0.6%

Diploma

0.3%

License

0.1%
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Top Strategy Consultant Employers

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