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/CertificateMasters 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.
SalarySalaries 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.