Management Consultant

Management Consultants propose new ways to improve an organization’s efficiency by analyzing various problems, procedures, and methods and advising managers on how to make the organization more profitable, sustainable, or reach other goals.

EXAMPLE SCENARIO

A Management Consultant is helping a small, local business decide how to finance solar and storage options specific to their needs. The Consultant understands the requirements and desires of the business, studies their financial records, and collects other information to determine how to approach this issue. The Consultant uses expertise and knowledge of the market and existing solar and storage options in addition to the business analysis results to deliver the best options to reach the end goal.

TYPICAL TASKS SRC

  • Document findings of study and prepare recommendations for implementation of new systems, procedures, or organizational changes.
  • Interview personnel and conduct on-site observation to ascertain unit functions, work performed, and methods, equipment, and personnel used.
  • Analyze data gathered and develop solutions or alternative methods of proceeding.
  • Plan study of work problems and procedures, such as organizational change, communications, information flow, integrated production methods, inventory control, or cost analysis.
  • Prepare manuals and train workers in use of new forms, reports, procedures or equipment, according to organizational policy.

EXAMPLE JOB TITLES SRC

Administrative Analyst, Business Analyst, Management Analyst, Organizational Development Consultant, Program Management Analyst

MEDIAN PAY SRC

$81,330

EDUCATION & TRAINING LEVEL

Bachelor’s Degree, MBA (recommended), Certified Management Consultant certificate (recommended)

WORK EXPERIENCE REQUIRED

3-5 years

SKILLS & REQUIREMENTS

Communication Skills, Interpersonal Skills, Management Skills, Organizational Skills, Analytical Skills, Decision Making Skills, Detail Oriented

SIMILAR OCCUPATIONS

Financial Analysts, Auditors, Operations Research Analysts