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Home > Profession > Management Consultant

Management Consultant



Education required for this profession


Educational requirements for entry-level jobs in this field vary between private industry and government. Many employers in private industry generally seek individuals with a master’s degree in business administration or a related discipline. Some employers also require additional years of experience in the field or industry in which the worker plans to consult. Other firms hire workers with a bachelor’s degree as research analysts or associates and promote them to consultants after several years. Some government agencies require experience, graduate education, or both, but many also hire people with a bachelor’s degree and little work experience for entry-level management analyst positions. Few universities or colleges offer formal programs in management consulting; however, many fields of study provide a suitable educational background for this occupation because of the wide range of areas addressed by management analysts. Common fields of study include business, management, accounting, marketing, economics, statistics, computer and information science, or engineering. Most analysts also have years of experience in management, human resources, information technology, or other specialties. Analysts also routinely attend conferences to keep abreast of current developments in their field.

Relevant Degree/Diploma/Certificate

Masters in business administration

Quick Facts

Despite much faster than average employment growth, keen competition is expected for jobs; opportunities should be best for those with a graduate degree, specialized expertise, and a talent for salesmanship and public relations. About 27 percent, over three times the average for all occupations, are self-employed. A bachelor’s degree is sufficient for many entry-level government jobs; many positions in private industry require a master’s degree, specialized expertise, or both.

Salary

Salaries for management analysts vary widely by years of experience and education, geographic location, specific expertise, and size of employer. Generally, management analysts employed in large firms or in metropolitan areas have the highest salaries. Median annual earnings of wage and salary management analysts are $68,050. The middle 50 percent earn between $50,860 and $92,390. The lowest 10 percent earn less than $39,840, and the highest 10 percent earn more than $128,330.

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Online Universities Offering Degrees for this Profession


A
A.T. Still University of Health Sciences
Abilene Christian University
American InterContinental University Online
American Sentinel University
Antonelli College
Argosy University Online
Ashford University
B
Baker College Online
Bay Path College
Bellevue University
Benedictine University
Boise State University
Boston University
Bowling Green State University
Bryant & Stratton College
Bush School of Government - Texas A&M University
C
California Coast University
California InterContinental University
California State University, Monterey Bay
Capella University
Chamberlain College of Nursing
Chancellor University
Clarion University of Pennsylvania
Cleveland Institute of Electronics
Colorado Technical University Online
Columbia Southern University
Concord Law School
Concordia University Irvine
Creighton University
Cumberland University
D
Daniel Webster College
DePaul University
DeSales University
DeVry University
Dominican University
Drexel University Online
Duquesne University
E
Eastern Kentucky University
eCornell
Ellis University
Everest College Phoenix
Everest University Online
Everglades University
F
Fielding Graduate University
Florida Hospital College of Health Sciences
Florida Tech University Online
Fort Hays State University
Full Sail University
G
Golden Gate University
Gonzaga University
Graceland University
Grand Canyon University
Gratz College
H
Harrison College
Henley-Putnam University
Herzing University
Hodges University
 I
IIA College
Independence University
Indiana State University
Indiana Tech
International Academy of Design and Technology
Iowa Central College Online
Ivy Bridge College
J
Jacksonville University
Jones International University
K
Kaplan University
Keiser University
Keller Graduate School of Management
Kent State University
L
LA College Online
Lehigh University
Lesley University
LeTourneau University
Lewis University
Liberty University Online
Lincoln College Online
Loyola University New Orleans
M
Malone University
Marylhurst University
McKinley College
Minnesota School of Business
Missouri University of Science and Technology
Mountain State University
N
National American University
New England College
New England Culinary Institute
New Jersey Institute of Technology / NJIT
New York Medical College - School of Public Health
Nova Southeastern University
O
Ohio University
Oklahoma Wesleyan University
P
Post University Online
S
Strayer University
Syracuse University
T
The Art Institute of Pittsburgh Online Division
U
UMassOnline
University Alliance
University of Phoenix
W
Walden University

Quick Fact Sheet: Management Consultant


As business becomes more complex, firms are continually faced with new challenges. They increasingly rely on management analysts to help them remain competitive amidst these changes. Management analysts, often referred to as management consultants in private industry, analyze and propose ways to improve an organization’s structure, efficiency, or profits. For example, a small but rapidly growing company might employ a consultant who is an expert in just-in-time inventory management to help improve its inventory-control system. In another case, a large company that has recently acquired a new division may hire management analysts to help reorganize the corporate structure and eliminate duplicate or nonessential jobs. In recent years, information technology and electronic commerce have provided new opportunities for management analysts. Companies hire consultants to develop strategies for entering and remaining competitive in the new electronic marketplace.

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