Management Consultant

Management consultants sometimes called “management analysts” give objective advice based on their expertise to corporations or government agencies with the goal of solving complex problems and proposing changes that will improve their performance. In some cases they work to help increase the growth or value of a company or entity. Typically a management consultant or consulting firm develops a preliminary proposal and bids for a contract on the consulting job. Once hired management consultants conduct research to evaluate all aspects of the company after which they develop a plan with recommendations for how the company can maximize its efficiency and productivity. Most management consultants spend time at the companies that hire them so travel is an important part of their job. Management consultants must be self-disciplined because they work under deadlines and they must be able to deal with job-related stress. They need to have excellent communication skills because the solutions they propose are usually presented via both written reports and oral presentations. Sometimes they are hired to help a client implement their proposed plan. The website says that entry-level management consultants need a college degree but usually they report to consultants who have more experience as well as a master’s degree in a field such as business administration (MBA). Management consultants who pass an exam and an interview given by the Institute of Management Consultants (IMC) can become certified a designation that makes them more competitive when they bid for jobs. According to the website the median annual salary for management consultants is approximately $64000 but the Bureau of Labor Statistics says the average salary is $82000 for those consultants with scientific and technical specialties.

Education Required: Master's Degree
Avg Salary: $73000
High Salary: $82000
Low Salary: $64000
Tasks: Provides expert management advice to clients.
Strives to improve the business performance of their clients.
Carries out research on a particular company.
Identifies problems and proposes solutions.
Also Called: Management Analyst
Management Expert
Management Evaluator
Management Advisor
Additional Resources: