Potential earnings
£79,697.07
Management consultants and business analysts advise industrial, commercial and other establishments on a variety of management and business-related matters to assist in the formulation of financial and business policies in order to maximise growth or improve business performance.
Main tasks
- Runs workshops, and addresses seminars, conferences and the media to present results of research activity or to express professional views.
- Advises governments, commercial enterprises, organisations and other clients in light of research findings.
- Determines the appropriate method of data collection and research methodology, analyses and interprets information gained and formulates and implements recommendations and solutions.
- Identifies problems concerned with business strategy, policy, organisation, procedures, methods and markets.
- Assesses the functions, objectives and requirements of the organisation seeking advice.
Source: Office for National Statistics.
Salary and earnings
Average earnings
£42,183.90
Source: Office for National Statistics' Annual Survey of Hours and Earnings (ASHE).
Skills & knowledge
The top 5 most important skills and knowledge requirements relevant to this career.
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Reading Comprehension
Understanding written sentences and paragraphs in work related documents.
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Clerical
Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labour relations and negotiation, and personnel information systems.
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
What course level do I need to study?
The level of study required will vary with each job, sector and company. The table below shows the level of study achieved by those currently working in this career choice.
Educational requirements: Honours, Bachelor's degree
Source: Office for National Statistics.
| Level of study | Percentage achieved |
|---|---|
| Level 0 | 0% |
| Level 1 | 1% |
| Level 2 | 5% |
| Level 3 | 13% |
| Level 4-5 (Higher Education) | 7% |
| Level 6 (Bachelors) | 43% |
| Level 7 (Masters or equivalent) | 28% |
| Level 8 (Doctorate) | 2% |
Source: Labour Force Survey (LFS) data.
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Economic data for careers is provided by Lightcast and also available through our Career Coach app. Job postings, employment and earnings information is represented at the regional level for the East Midlands.
