The following article discusses the career path of Management Consultant. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Management Consultants.
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Management Consultant Job Duties
Management consultants ensure that the company can improve different key elements of the business. This could be the company’s image, its management, or overall productivity, for instance. Management consultants look for potential risks and current problems, and put measures in place to overcome them.
They works with a lot of data. They create forecasts that enable the business to understand its outlook and how they currently perform. They develop diagrams of the processes within the organization and determine how these can be made better. They write coherent reports on this, attending regular meetings and keeping both the organization and the general public informed about developments.
It is also quite common for them to manage the operations they are trying to improve on. This enables them to mentor the existing manager on how to improve processes, while at the same time gaining a better understanding of the issues facing the organization as a whole.
Other job duties of a management analyst are:
- To create new business improvement plans, make recommendations based on those, and help to implement them
- To research, analyze, and model for specific designs and strategies within an organization
- To train internal staff on the newly developed business processes
Where Management Consultant’s Work
According to the U.S. Bureau of Labor Statistics, there were 806,400 management analysts in 2016. The largest employers of these professionals were:
- Professional, scientific, and technical services: 30%
- Self-employed workers: 17%
- Government: 17%
- Finance and insurance: 11%
- Management of companies and enterprises: 5%
How to Become a Management Consultant
It is common for a management consultant to be certified as a project management professional. This means they must hold a bachelor’s degree as a minimum, but a master’s degree, and particularly the master of business administration (MBA), is more common. Additionally, they usually have experience managing specific areas of business.
Management Consultant Education Requirements
While the majority of management consultants have a bachelor’s degree at least, it is now increasingly common for a master’s to be required, particularly the master of business administration (MBA). Some also hold additional certifications, such as Certified Management Consultant (CMC). Of importance is that a degree includes courses in subjects such as computer and information science, psychology, marketing, finance, accounting, economics, management, and business.
The CMC certification can be obtained through the Institute of Management Consultants USA (IMC USA). To obtain this, candidates must have sufficient education and experience, present reviews from clients, and pass a written examination and an interview. The examination focuses on the code of ethics as set by the IMC USA. Re-certification is required every three years.
Generally, management consultants will start at entry level positions, growing into consultancy. Some work as auditors, accountants, market research analysts, or computer systems analysts, for instance. Eventually, they grow through internal and external promotions into the position of management consultant.
Management Consultant Traits & Qualities
The most effective management consultants have the following traits to some degree or other:
- Excellent communication skills, both verbal and written
- Strong analytical skills
- Problem solving skills
- Leadership skills
- Conflict resolution skills
Minimum Management Consultant Education
Bachelor’s Degree
The national average salary estimate for Management Consultant was $88,374. This number is estimated from over 861,424 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $46.03 and monthly of $7,365.
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$27,000
$184,000
The following section lists Management Consultant salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Iowa had the largest quoted salary of $97,804 while Rhode Island had the smallest quoted salary of $397.
According to Indeed.com, the following states had employers looking to hire a Management Consultant. The quoted salary figure represents the average salary from all job postings by this employer.
| Employer Name | Location | Average Salary |
|---|---|---|
| Pathfinder Search Group Management Consultant | Iowa | $180,000 |
| Cisco Management Consultant | California | $169,521 |
| CyberCoders Management Consultant | Texas | $164,453 |
| WGA Consulting, LLC Management Consultant | California | $149,563 |
| Synergistic-IT Management Consultant | New York | $148,482 |
| MS Corporation Management Consultant | Florida | $145,000 |
| Latitude 36 Management Consultant | Maryland | $140,000 |
| IBM Management Consultant | New York | $139,407 |
| Wipro Management Consultant | New Jersey | $134,854 |
| McKinsey & Company Management Consultant | New York | $130,112 |
| Dell Management Consultant | Texas | $128,002 |
| People Stretch Solutions Management Consultant | Virginia | $127,280 |
| Accenture Management Consultant | California | $127,015 |
| The Consulting Rowe Management Consultant | New Jersey | $125,000 |
| Microsoft Management Consultant | Washington | $121,958 |
| PwC Management Consultant | California | $121,527 |
| Slalom, LLC Management Consultant | Georgia | $121,110 |
Management Consultant Learn More
- Management consulting – Wikipedia
- Management Analysts – Bureau of Labor Statistics
- Institute of Management Consultants USA
| Career Name | Average Salary |
|---|---|
| Director of Operations | $90,674 |
| Director of Purchasing | $90,585 |
| Director of Marketing | $90,048 |
| Network Engineer | $88,447 |
| Finance Manager | $88,446 |
| Pricing Manager | $88,102 |
| Systems Engineer | $87,511 |
| Systems Project Manager | $86,680 |
| Supply Chain Manager | $85,591 |
| Gaming Manager | $84,668 |
