Principal Management Consultant Overview

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.

What responsibilities are common for Principal Management Consultant jobs?
  • 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
What are the typical qualifications for Principal Management Consultant jobs?
  • 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
EducationBachelor's Degree
Work/Life Balance
3.7 ★
Total Pay--
Career Opportunity
3.9 ★
Avg. Experience8+ years

How much does a Principal Management Consultant make near United States?

Confident
$232,566 /yr
Total Pay
$150,655
 /yr

Base Pay

+
$81,911
 /yr

Additional Pay

$232,566

 / yr
$144K$385K
Most Likely Range
Possible Range
See More Insights

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.

Principal Management Consultant
$232,566/yr
Associate Director of Management Consulting
$224,016/yr
Principal Management Consultant

Years of Experience Distribution

0 - 1
0%
2 - 4
21%
5 - 7
37%
8+
42%
Not including years spent in education and/or training

Principal Management Consultant Insights

Read what Principal Management Consultant professionals have to say about their job experiences and view top companies for this career.
Havas MediaHavas Media
Paid Performance Director
Aug 31, 2022

“Good at promoting internally within teams and across departments so there is good potential for career growth.”

ClientFirst Consulting GroupClientFirst Consulting Group
Management Consultant
Jul 28, 2021

“I love that I have the ability to work on many different projects that keep me engaged and interested.”

Realise (Sheffield, UK)Realise (Sheffield, UK)
Performance Manager
Jul 23, 2021

“There is additional training for all levels and CPD opportunities are varied and relevant to your role and career progression.”

T+O+M ExecutiveT+O+M Executive
Managing Consultant
Mar 22, 2023

“I love coming to work on Mondays and starting my week surrounded by great people.”

TDTD
Private Wealth Management Internship
Aug 21, 2023

“Huge learning curve and you come out in a good shape to pursue a career in this relationship centric role.”

AccentureAccenture
Management Consultant
Apr 19, 2021

“Opportunity to work with amazing people and serve some of the most reputable clients in the world.”

Mott MacDonaldMott MacDonald
Graduate Carbon Management Consultant
Jul 21, 2022

“Very good work life balance (never expected to work overtime although this could vary between units)”

PageGroupPageGroup
Managing Consultant
Mar 2, 2023

“Career path: merit based promotions lets you reach any level you want in your own time frame”

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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.

The most similar professions to Principal Management Consultant are:
  • Consultant
  • 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.

Related Careers

Consultant
$95,235
25% skills overlap
Product Consultant
$92,328
No skills overlap
Technical Project Manager
$157,529
38% skills overlap
Program Manager
$101,177
13% skills overlap

Principal Management Consultant Jobs