A consulting analyst (also referred to as a management consultant or management analyst) works closely with private- and public-sector firms, providing them with advice on ways to increase efficiency and address other problems. Some consulting analysts are self-employed, although they are generally employed by larger consulting firms that specialize in specific areas. Consulting analysts focus on acquiring information and analyzing it to make recommendations to improve ways of doing business with the ultimate goal of increasing a firm’s profits in short- and long-term scenario.
Often, consulting analysts work as members of teams led by a more experienced senior consultant. The consulting analysts on this team are often given a specific portion of a wider target or goal. Often, they are tasked with meeting with key members of a company to gain and organize information, analyze it, and prepare reports to relay findings and make recommendations within their assigned area. When working on smaller projects (or on projects for smaller firms), they may be responsible for all areas of information gathering and analysis) while being overseen by a senior consultant who gives final approval of their results.
In virtually all cases, consulting analysts work in an office, either within their firm itself or on-site at the company whom they are analyzing. Often they meet with members of a client’s management team on or off site; at times, meet with lower-level employees performing different tasks in their company's location to gain information and a feel for work processes. Hours may vary depending on the needs of their employer.
Educational requirements for consulting analysts vary; most firms require a minimum of a bachelor’s degree, although extensive experience may be substituted for education. Many continue their education while employed as consultants to increase their knowledge and qualify for senior consultant positions in which they lead their own team or firm.
Consulting Analyst Tasks
- Perform analysis of data to identify and resolve problems.
- Collaborate with team members to develop positive changes.
- Prepare documented analyses, reports, and suggestions for improvement.
- Conduct internal interviews and categorize findings.