How to become a Management Consultant

Management Consultant

A management consultant is someone that goes into businesses and advises them on how to improve their strategy and performance. They will work with each company on an individual basis to make improvements, and can either be employed by a firm or on a freelance basis.

Management consultants dive deep into the workings of a particular business or brand to analyse what is working, what isn’t, and how they can improve. Management consultants typically work with one brand to revise and improve their strategy and production for a set period of time, before moving on to a different brand. 

Due to this, the nature of a brand manager’s role means that they may travel domestically and internationally for work, and work hours beyond a 9-5. 

Brand manager’s roles typically entail: 

  • Meeting potential clients and presenting what they can offer.
  • Analysing strategies and preparing detailed reports about what is and isn’t working. 
  • Thinking of solutions to any issues that are causing the business to not function optimally.
  • Interviewing members of staff about the workplace. 
  • Physically putting solutions into action. 
  • Keeping updated with changing statistics and data and calculating how changes have benefited the business. 

Management consultants need to have a range of skills, including being able to analyse, problem solving, communication and knowledge of computer systems and applications. The typical management consultant candidate will have a degree in business, maths or finance or an alternative degree and a masters in business or management. Foreign language students with business related master’s certifications are sometimes given preference, because languages are often needed in international firms. Non-graduates can get into this field with apprenticeships, although competition is fierce.

Previous experience in business, IT or management fields is beneficial and can be converted, or work experience in a suitable role is also valuable when applying to become a management consultant. 

Management consultants tend to work for a consultancy firm, but once they have built up contacts in the field they could switch to freelance employment, or even start their own consultancy business. 

What degree is most commonly held by a Management Consultant?

  • BA / M of Business Administration
  • BA / M of Economics
  • BA / M of Computer Science
  • BA / M of Finance
  • BA / M of Psychology
  • Diploma, BA / M of Project Management

Career Transportability across Countries

Transportability: Medium
Management consultancies often deal with international brands, therefore it is quite common to travel abroad for work. There is also the chance to get posted abroad for a set amount of time, if certain brands require a specialist consultant in another country. Foreign language skills, which are beneficial for any management consultant, would be crucial for one who wishes to work abroad.

What is the Salary of a Management Consultant?

Experience Average salary | year
Management Consultant $100,000 £54,735 $100,000
Strategy Manager 1-4 Years $115,0000 £84786 $155,000
Strategy Director 5+ Years $500,000 £322,733 $590,000

What skills are needed to become a Management Consultant?

  • Management
  • Project Management
  • Leadership
  • Strategy
  • Change management
  • Business Analysis
  • Business Strategy
  • Strategic Planning
  • Business Process Improvement
  • Microsoft Office
  • Business Development
  • Program Management
  • Management Consulting
  • Microsoft Excel
  • Team Leadership
  • Consulting
  • Stakeholder Management
  • Risk management
  • Customer Service
  • Marketing
  • Training
  • Public Speaking
  • Project Planning
  • Data Analysis
  • Process Improvement

Management Consultant Courses

Having taken additional courses in business and management related subjects would be highly beneficial to any applicant for a management consultancy role. General knowledge in fields like brands, business administration and cost management are highly beneficial to succeed in this area.
  • Management and Leadership: Leading a Team

    Develop a business plan and build a team with this online course from The Open University and CMI

  • Management and Leadership: Growing as a Manager

    Explore the foundations of successful management with this free online course from The Open University and CMI

  • Contract Management: Building Relationships in Business

    Learn to build relationships and manage contracts successfully with this free online course backed by UK government and IACCM

  • Business Fundamentals: Project Management

    Gain the basic skills to manage all phases of project lifecycles effectively using the most appropriate methods and tools

  • Fundamentals of Project Planning and Management

    Learn the basics of project planning and management so you can run effective projects at work or in daily life

Management Consultant Microcredentials

  • Project Management: Managing Front-End Planning

    Build the project planning and management skills to start a career in project management within your chosen professional field

  • Practical Project Management

    Get a professional accredited introduction to project management from a top UK university

  • Change Management

    Get professional accredited training in change management strategy and advance your career towards senior managerial roles

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