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Helping you find a career in the management consultant industry

Management consultants use their own business skills to advise client companies on how to improve their business' performance. This can include dealing with a range of areas including business strategy, marketing, financial controls and even human resources.

N Written by Navdeep

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FAQs

FAQs

What does a Management consultant do?

Although the job of a management consultant is dictated by the needs of the client company, in general your day would involve:

Researching the organisation
Interviewing employees and stakeholders of the company
Identifying any issues
Preparing presentations to propose changes
Helping the client implement these solutions
Maintaining communication with the client company throughout

What skills and interests should an Management consultant have?

Ability to work as part of a team
Written and verbal communication
Problem solving
Creativity
Adaptability
Working well under pressure

What hours does a Management consultant typically do?

Although it can depend on the firm, the majority of consultancy work involves long days and working outside of the typical 9 - 5 day, especially around project deadlines.

However, for more experienced consultants freelance work is possible, where you would be able to set your own hours and workload.

What environment is a Management consultant based in?

Clients' offices.

How much does a Management consultant travel?

Travel is a key competent of being a management consultant as you need to be based in your client's office. If working for a small company this can mean travelling around a county, or even the UK, whilst if you choose to work for a multinational company this can mean travelling around the world and spending substantial periods of time away from home.

How much does a Management consultant get paid?

Starting as a junior consultant for a large company you can expect to earn between £25,000 to £30,000 (although small companies can offer lower levels of pay to begin with).

After 3 - 5 years of experience this salary can increase to between £30,000 to £50,000, depending on experience and performance.

At the very top end, senior management consultants can earn anything up to around £125,000 a year, especially those with a performance bonus scheme.

Perks & benefits

As well as the potential to earn performance related bonuses, management consultants can receive a range of benefits including free private health insurance, office gyms, loans for sport season tickets and money towards new cars (all depending on the company).

What qualifications does a Management consultant need?

To become a management consultant, companies expect at least a 2:1 undergraduate degree.

Although a postgraduate degree isn't technically necessary, they can help you skip being a junior consultant and enter this competitive profession at a higher level.

Useful subjects to study at school & university

Although most companies accept graduates from any discipline, there are certain subjects which can be advantageous:

Business
Economics
Finance
Mathematics
Any Science or Engineering degree