What does a Principal Management Consultant do?
Management consultants are responsible for helping organizations solve issues, create value, maximize growth and improve business performance. They are deeply skilled in business and provide objective advice and expertise and help an organization develop any specialist skills that it may be lacking. Management consultants understand situational interpretations and analyze data to identify and understand challenges. Management consultants can work in a variety of industries including banking, healthcare or engineering.
A Bachelor's degree in Business or a related field with 5 years of experience within the field is needed for management consultants. Successful management consultants possess excellent time management and strong interpersonal skills.
- Develop research and data collection to understand the organizations conduct analysis
- Interview the clients employees, management team and other stakeholders
- Identify and negotiate schedules, milestones, and resources required to meet project objectives
- Implement recommendations or solutions and ensure the client receives the necessary assistance to carry it all out
- Lead and manage those within the team, including analysts
- Manage projects and programs
- Conduct focus groups and facilitate workshops
- Effectively prepare business proposals and presentations
- Additional qualifications or certifications a plus
- 6+ years experience as a Management Consultant or another relevant role
- Familiarity with common business software, project management programs and IT systems
- Ability to establish and maintain strong relationships and to influence others and move toward a common vision or goal
- Effectively deliver projects on-time, on-budget within the scope that meets or exceeds stakeholder expectations
- Demonstrated experience in project management of extensive multi-phase projects
- Impeccable organizational skills
- Strong working knowledge of business management best practices
- Aptitude for analytical and creative thinking
How much does a Principal Management Consultant make near United States?
Principal Management Consultant Career Path
Learn how to become a Principal Management Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Principal Management Consultant Insights
“Good at promoting internally within teams and across departments so there is good potential for career growth.”
“I love that I have the ability to work on many different projects that keep me engaged and interested.”
“There is additional training for all levels and CPD opportunities are varied and relevant to your role and career progression.”
“I love coming to work on Mondays and starting my week surrounded by great people.”
“Huge learning curve and you come out in a good shape to pursue a career in this relationship centric role.”
“Opportunity to work with amazing people and serve some of the most reputable clients in the world.”
“Very good work life balance (never expected to work overtime although this could vary between units)”
“Career path: merit based promotions lets you reach any level you want in your own time frame”
Principal Management Consultant Interviews
Frequently asked questions about the roles and responsibilities of a Principal Management Consultant
When working as a Principal Management Consultant, the most common skills you will need to perform your job and for career success are Consulting, Agile Scrum, Deliverables, Templating, and Leadership.
- Product Consultant
- Technical Project Manager
- Program Manager
The most common qualifications to become a Principal Management Consultant include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.