The tasks and requirements for a Management Consultant position vary depending on the contract and industry. For example, a certified project manager or an individual with an MBA can manage projects for information technology companies, construction companies, manufacturers, healthcare facilities and other industries.
Management Consultants usually occupy project-based and temporary positions. They can expect to travel to meet with clients or oversee a project in other regions or countries. They may perform a wide variety of daily tasks including project scheduling, project coordination, documentation, contract negotiation, interfacing with clients and stakeholders, and determining future directions for projects and organizations. Management Consultants are hired by organizations to improve business processes, mitigate business risks, assist with vetting staff and minimize waste. These consultants may work with one or many departments, and they communicate with all levels of the business.
Management Consultant Educational Requirements
A four-year degree from an accredited college or university is generally required for a Management Consultant position; however, a master's degree is sometimes preferred. Professional certifications, such as the Project Management Professional certification, demonstrate to employers that the candidate is well-versed in standardized management practices and has demonstrated management abilities. Past experience as a business analyst, requirements analyst, project coordinator, assistant manager or team leader help to prepare the candidate and provide the skills necessary to successfully perform the tasks required for the position of Management Consultant.
Management Consulting Career Prospects
Job prospects for those seeking employment as a Management Consultant are bright as the need is expected to rise through 2020, with health care being the fastest-growing industry. The Information Technology industry continues to grow, and with this growth, the need for effective, skilled managers will continue to rise. A similar position would be as an Assessment Center Consultant.
Management Consultant Jobs Salary
Career statistics show that the median annual income for those in consulting is $122,000 with salaries ranging from about $100,000 to $150,000. The Information Technology and health care industries generally pay the highest salaries to Management Consultants and similar positions.