Management Analysts and Consultants


Overview

Introduction

Management analysts and consultants, also known as strategy consultants, analyze business or operating procedures to devise the most efficient methods of accomplishing work. They gather and organize information about operating problems and procedures and prepare recommendations for implementing new systems, strategies, or changes. There are approximately 684,470 management consultants employed in the United States.

Quick Facts


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Median Salary

$83,610

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Employment Prospects

Good

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Minimum Education Level

Bachelor's Degree


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Experience

Completion of at least one internship in college is highly recomm


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Skills

Business Management


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Personality Traits

Enterprising

Earnings

Salaries and hourly rates for management consultants vary widely, according to experience, specialization, education, and employer. Management analysts and consultants had median annual earnings of $83,610 in May 2018, according to the U.S. Department of Labor. Salaries ranged from less than $48,360 to $152,760 or more.

Many consultants can demand between $400 and $1,000 per day. Their f...

Work Environment

Management analysts and consultants generally divide their time between their own offices and the client's office or production facility. They can spend a great deal of time on the road. Many consultants work more than 40 hours per week. The nature of consulting projects—working on location with a single client toward a specific goal—allows these professionals to totally immerse themselves in t...

Outlook

Employment for management consultants is expected to grow much faster than the average for all occupations through 2028, according to the Occupational Outlook Handbook. Industry and government agencies are expected to rely more and more on the expertise of these professionals to improve and streamline the performance of their organizations. Many job openings will result from the need t...

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