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
3.6 ★
Total Pay--
Career Opportunity
3.9 ★
Avg. Experience8+ years

How much does a Principal Management Consultant make?

Confident
$144,726 /yr
Total Pay
$127,631
 /yr

Base Pay

+
$17,095
 /yr

Additional Pay

$144,726

 / yr
$82K$325K
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.

L5
Principal Management Consultant
$144,726/yr
L6
L5

Average Years of Experience

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

Principal Management Consultant Insights

Read what Principal Management Consultant professionals have to say about their job experiences and view top companies for this career.
CrossCountry ConsultingCrossCountry Consulting
Managing Consultant
Jan 29, 2020

“Both genuinely wanted to get to know me and ensure that things are going great so far.”

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.”

AccentureAccenture
Management Consultant
Apr 19, 2021

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

Qral GroupQral Group
Management Consultant
Jun 1, 2022

“Very operational (read: grindy) work with no mentoring or concern for career development.”

AccentureAccenture
Management Consultant
Jan 26, 2021

“Crappy work life balance if you are not actively trying to have a life outside of work.”

Korn FerryKorn Ferry
Managing Consultant
Sep 2, 2020

“You will get the opportunity to introduced to some of the best practices in the Talent Consulting .”

MercerMercer
Workday Consultant
Sep 7, 2021

“Salary hikes only when you have offer from other organisation else dont expect any hike.”

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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
$90,490
25% skills overlap
Product Consultant
$65,231
No skills overlap
Technical Project Manager
$119,251
38% skills overlap
Program Manager
$88,508
13% skills overlap

Principal Management Consultant Jobs