Management consultant
Business administration jobs | Job profile
  • MBS QUICK FACTS:
  • State-recognized since 1999
  • Accreditation by the German Council of Science and Humanities
  • Place of study: Munich
  • Top marks in numerous rankings

business consultant

The profession of a business consultant is one of the most demanding and versatile career opportunities that a business degree offers. Business consultants play a central role in companies by developing strategies to optimize business processes, reduce costs and increase efficiency. They combine analytical thinking with practical solutions and use their expertise to help companies achieve their goals. If you are an organizational talent, enjoy analytical work and at the same time want to develop practical solutions, then a career as a business consultant is perfect for you. This profile tells you everything you need to know about the tasks, requirements, salary expectations and career opportunities in this exciting field.

Degree programs for the perfect career start

Quick Facts: business consultant

Training Period

A business degree with a focus on business consulting usually takes 3 to 4 years.

Salary Expectations

€50,000–100,000 per year (depending on experience and location)

Career Opportunities

Good to Excellent

What skills does a business consultant need?

A successful business consultant needs a variety of skills to survive in this dynamic and highly competitive field. The most important skills include analytical thinking and problem-solving skills to effectively analyze and optimize business processes. Strong communication skills are also crucial, as business consultants must present their solutions clearly and convincingly, both internally to various departments and externally to customers and partners. The ability to work in a team is essential, as successful consulting projects often require close collaboration with different teams. Organizational skills and project management are also essential to plan, coordinate and monitor various projects simultaneously. Technical understanding and industry knowledge are indispensable in today's digital world.

What qualities should I have?

  • Analytical skills: 9/10
  • Communication skills: 9/10
  • Problem-solving skills: 8/10
  • Teamwork skills: 8/10
  • Organisational skills: 7/10
  • Technical understanding: 7/10

Detailed tasks and activities as a business consultant

The role of a business consultant is extremely diverse and requires a combination of strategic thinking, practical implementation and precise management. The core tasks include analyzing and optimizing business processes. In doing so, the business consultant examines internal processes, competitive landscapes and industry developments in order to develop effective solutions that support the company's goals. Both long-term strategies and short-term tactics play a role here.

 

A significant part of a business consultant's work involves implementing optimization strategies. This includes developing and designing concepts, selecting suitable methods, and implementing solutions across different departments. Close collaboration with internal departments such as production, sales, and IT is essential to ensure that all measures are coherent and aligned with the overall strategy.

Project management is another important task. Business consultants are responsible for planning and monitoring projects, ensuring that resources are used efficiently and that goals are achieved. They also regularly report on progress and adjust plans as needed.

Another focus is on collaboration with external partners. Business consultants manage and brief external agencies, service providers and suppliers to achieve the best results. This also includes organizing and implementing collaborations and partnerships that can strengthen the company and expand its reach.

Performance measurement and reporting are crucial to evaluating the success of the measures implemented. Business consultants analyze project data using KPIs such as efficiency improvement, cost reduction and stakeholder satisfaction. They create regular reports and present the results to management, identifying optimization potential and taking appropriate action.

Another important aspect of a business consultant's work is customer relationship management. They maintain and expand relationships with existing customers through targeted measures, develop customer loyalty programs and conduct satisfaction surveys to obtain valuable feedback and strengthen customer loyalty.

Finally, business consultants must always be up to date on the latest business trends and new technologies. They continuously monitor developments in the industry, implement innovative approaches and use new tools to keep the company's advice up to date. Attending industry events, trade shows and conferences also helps them to network and deepen their expertise.

Requirements: How do you become a business consultant?

Summary

Education and training

  • Bachelor's/Master's degree in business administration
  • Alternatively: industrial engineering, business informatics, law

Professional experience

  • Internships, trainee programs, junior positions

Further training and specialization

  • Courses in process optimization, change management, IT consulting, strategy development

Soft skills and personal attributes

  • Analytical thinking
  • Problem-solving ability
  • Communication skills

Technical understanding

  • Knowledge of consulting tools
  • Basic IT knowledge

Salary Expectations: How much does a business consultant earn?

A business consultant's salary varies greatly and depends on various factors such as professional experience, company size, industry and location.

Starting salary

Business consultants can expect a starting salary of around €50,000 to €60,000 per year. In large consulting firms and metropolitan areas, the starting salary can also be higher, while in smaller firms and rural areas it can be slightly lower.

Salary with professional experience

With increasing professional experience, the salary can rise to between €70,000 and €90,000 per year, depending on the size of the company and the location.

Salary of those in leading positions

Experienced business consultants who rise to leading positions, such as senior consultant or partner, can earn salaries in the range of €100,000 to €150,000 or more. These top salaries are often found in large consulting firms or international companies.

Industry Differences: The industry in which a business consultant works also plays a significant role in salary expectations. In the technology and finance sectors, salaries tend to be higher than in traditional sectors such as retail or the public sector.

What are the career prospects?

The career prospects for business consultants are extremely promising. With the advance of globalization and digitalization, the challenges for companies are increasing and the demand for qualified consulting services is constantly growing. Companies of all sizes and in all industries recognize the importance of professional advice in order to compete and increase their efficiency. This opens up a wide range of career opportunities for business consultants.

The demand for specialized consulting expertise, such as IT consulting, process optimization, change management and strategy development, is continuously growing. Business consultants who specialize in these areas and constantly update their knowledge have excellent prospects. In addition, new technologies and platforms are constantly creating new opportunities and challenges in the consulting field, making this profession particularly dynamic and future-oriented.

Career opportunities: Job prospects as a business consultant

Business consultants have numerous development opportunities and can advance their careers in a variety of ways. Here are some of the main career opportunities:

  • Advancement to Senior Consultant
  • As business consultants gain experience and expertise, they can advance to senior positions such as senior consultant. This promotion can usually occur after 5-7 years of professional experience. Senior consultants take on greater areas of responsibility and often lead larger projects. The salary in this position is typically between €70,000 and €90,000 per year.
  • Specialization in specific consulting areas
  • Business consultants can specialize in specific areas, such as IT consulting, change management, process optimization or strategy development. These specializations offer additional career opportunities and can lead to higher salaries. For example, specialists in IT consulting can earn salaries between €70,000 and €90,000 annually after 3-5 years of experience.
  • Partner or Managing Director
  • Experienced business consultants can rise to top positions such as partner or managing director. In these roles, they are responsible for the company's overall consulting strategy and play a key role in senior management. Advancement to these positions can occur after about 10-15 years of professional experience. Partners can earn between €150,000 and €200,000 per year, while managing directors often earn between €200,000 and €300,000 or more.
  • Becoming self-employed and starting your own consulting firm
  • Some business consultants choose to start their own consulting firm. This requires entrepreneurial skill and offers the opportunity to manage your own projects and build your own team. Earnings can vary greatly and depend on the size and success of the company. In the early years, income is often lower, but can increase significantly with a growing customer base and success, with peak earnings of €150,000 or more per year possible.

Hinweis zur Lesbarkeit und Gehaltsangaben: Um die Lesbarkeit zu verbessern, verwenden wir in diesem Beitrag das generische Maskulinum. Diese Entscheidung dient lediglich der sprachlichen Vereinfachung. Selbstverständlich sind alle Personenbezeichnungen in diesem Text geschlechtsneutral zu verstehen und gelten gleichermaßen für alle Geschlechter. Die angegebenen Gehaltsspannen beziehen sich auf Deutschland.

Fandest du diesen Artikel hilfreich? Hast du Anregungen oder Fragen zu diesem Artikel? Ist dir etwas aufgefallen oder gibt es ein Thema, über das du gerne mehr erfahren möchtest? Dein Feedback ist uns wichtig! Es ermöglicht unser Angebot stetig zu verbessern und genau die Inhalte zu liefern, die dich interessieren.
Redaktion kontaktieren

PAGE-TITLE: management consultants