Management Analysts and Consultants
Overview
Introduction
Management analysts and consultants, also known as strategy consultants, analyze business or operating procedures to devise the most efficient methods of accomplishing work. They gather and organize information about operating problems and procedures and prepare recommendations for implementing new systems, strategies, or changes. There are more than 1 million management consultants employed in the United States.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Salaries and hourly rates for management consultants vary widely, according to experience, specialization, education, and employer. Management analysts and consultants had median annual earnings of $99,410 in May 2023, according to the U.S. Department of Labor. Salaries ranged from less than $57,840 to $172,280 or more. Fifty percent of management consultants earned between $74,540 and $130,800...
Work Environment
Management analysts and consultants generally divide their time between their own offices and the clients office or production facility. They can spend a great deal of time on the road. Many consultants work more than 40 hours per week. The nature of consulting projects—working on location with a single client toward a specific goal—allows these professionals to totally immerse themselves in th...
Outlook
Employment for management consultants is expected to grow much faster than the average for all occupations through 2033, according to the Occupational Outlook Handbook. Industry and government agencies are expected to rely more and more on the expertise of these professionals to improve and streamline the performance of their organizations. Many job openings will result from the need t...
