Management consultants analyse the way businesses and organisations are run. They work out procedures to improve efficiency, and look at how best to manage all the resources, including staff.
You could be:
looking at how resources are managed including staff, raw materials, buildings, equipment and IT
giving advice on the budgets of the company
interviewing staff and management to get an understanding of the company
analysing tasks and processes by observation
using computer modelling to assist with analysis
identifying improvements and making recommendations for implementation
testing different ways of putting improved procedures into effect
writing and presenting reports on your recommendations to senior managers
managing projects and teams.
The figures below are only a guide. Actual pay rates may vary, depending on:
where you work
the size of company or organisation you work for
the demand for the job.
Starting salaries for management consultants in the UK tend to be in the range £25,000 to £30,000 a year. With experience, this can rise to between £50,000 and £80,000 a year or more. Other benefits include private healthcare and a pension scheme.
You would usually work office hours, Monday to Friday, but work overtime to meet project deadlines or requirements.
Depending on the job you may sometimes need to work shifts and overtime.
You would have to travel to other business premises.
You might have to spend occasional nights away from home.
The work can be stressful, as you might have to make unpopular decisions.
Many entrants have previous experience in industry or commerce or in a specialist area such as computing, engineering or finance.
Many entrants have an HND or a degree. Most degrees are acceptable, but subjects such as business studies, computer studies, economics, engineering, finance, operational research, mathematics and statistics may be particularly useful.
Entry requirements for a degree are usually 4-5 Highers, and for an HND 1-2 Highers.
You need good maths and IT skills.
This is often a second career.
You could work in a variety of organisations including commercial offices, health centres, manufacturing industry, power or water companies, transport organisations, wholesale and retail firms, universities and local and central government departments. Job vacancies are advertised in Management Services, the journal of the Institute of Management Services.