A principal consultant typically works for a consulting firm and is one of the top members of the hierarchy. Typically, the person just below the principal consultant is the lead consultant, who manages a team and plays more of a leadership role. On the other hand, the principal consultant will supervise other teams and control most of the day-to-day activities. In this role, a staff member will also interact heavily with clients and oversee projects.
Principal Consultant Job Education Requirements
A principal consultant position usually requires a minimum of a graduate degree in a related field. There are consulting firms that serve a variety of industries including engineering, business, marketing, and more. In order to become a principal consultant, a candidate usually must have years of experience in a supervisory role. Anyone who has an interest in working in this type of a position should seek opportunities to lead other consultants and work closely with clients to learn more about the role.
Principal Consultant Job Market
Similar to other high-level executive positions, the rate of turnover among principal consultants is fairly low. As a result, positions don't open up as often as lower level jobs. Principal consultants working in engineering tend to have more job opportunities since the industry is growing so rapidly to keep up with demands. Some of the fastest growing areas of engineering include both civil and mechanical.
Principal Consultant Job Salary Information
Working as a principal consultant offers the opportunity to earn a lucrative income. The average salary varies greatly based on the industry in which the candidate works, but the average is well over six figures. In order to qualify for higher rates of pay, candidates can pursue higher education opportunities and attend trainings to increase marketing and other business skills.