The PathMatch Guide to

Management Consulting

A Day in the Life

Management Consulting refers to the industry in which a few companies bring together a group of analytical minds to develop strategies to solve a business’s problems.  This involves meeting with managers to better understand the business and any potential issues they could be facing. 

The start of a Management Consultant’s job is all about understanding a company and getting a better picture of the problems facing them. Some of their daily tasks include analyzing the data of a company, developing solutions to the problem, and conducting personal interviews in tandem with written reports.

Work Responsibilities

  • Work on teams to help businesses improve their performance and grow by solving problems and finding new and better ways of doing things
  • Help clients enhance business performance and ultimately create value for shareholders and owners

Skills You'll Need

  • Structuring projects around problems 
  • Building business cases 
  • Engagement design and management 
  • Strong organizational and time management skills 
  • Extremely credible, curious, and reliable
  • Building strong client relationships and hone persuasion & communication skills
  • Develop strong excel modeling, data analysis, client management & storytelling skills

Industries You'll Work In

Big 4 / Consulting
Financial Services
Strategy

The Network You'd Build

Here are a few real-word examples of jobs and people working in this industry right now.

Example Job Descriptions

Associate Consultant at Bain & Company

Consulting Partner at Transom Consulting Group

Senior Management Consultant at The Trium Group

Managing Director at Slalom Consulting

Real World Professionals

Management Consulting Senior Analyst

Consultant

Management Consulting Senior Associate

Management Consultant

Manager, Management Consulting

Engagement Manager, Consulting

Growth Path

  1. Analyst
  2. Associate
  3. Project Lead
  4. Principal
8
/10

Demand for Talent

  • Current Demand: HOT 
  • The market is projected to grow by 14% over the next ten years, which will lead to an increase in demand for management consultants 
  • Companies and organizations are also always looking at how to optimize their controls and costs, so demand for management consultants will not drop off anytime soon

Compensation

$78K-$98K
Analyst
$80K-$190K
Associate
$200K-$300K
Project Lead
$750K+
Principal

Teams You'll Work With

Management Consultants work with internal client service teams and external clients.

5
/10

Work/Life Balance Score

Work/life balance is when someone equally prioritizes their career and their personal life. This balance can vary greatly from one career to the next.

9
/10

Job Stability Score

Job stability is about more than your experience and career. As industries decline, so do the jobs in them.

10
/10

Prestige Score

Job stability is about more than your experience and career. As industries decline, so do the jobs in them.

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