Management Consulting

Key Points:

  • If working from a strategic, structural and management perspective to learn how a business works is your cup of tea, then a career in management consulting might be for you.
  • A survey conducted by us indicated that the average total remuneration for management consultants with 1-4 years' experience in Australia and New Zealand is $139,038*
  • Core skills to succeed in this sector include strategic planning, an eye for detail and excellent communication skills.

Management consultants are trained to help businesses improve performance by solving existing problems and finding new and improved ways of doing things. The role can help a business develop services and, where necessary, reduce costs and make savings.

Many management consultants work in teams to analyse the client's financial statements and then prepare a report on whether they truly reflect a business's financial position which helps to drive the business forward.

Why management accounting could be the right fit for you

Management consulting can offer you a broad span of work across business areas, a variety of projects, challenges and opportunities for professional and personal development. Many management consulting roles are heavily client facing which is great if you are a people person.

Some important parts of the role include identifying risks, evaluating internal controls, planning and performing an audit, finalising an audit and issuing an auditor's report. You would also be planning and performing reviews and other assurance measures.

A career as a management consultant is not your average 9 to 5 job, if you are interested in how a business works from strategy, structure, management to operations a career as a management consult might be for you.

Who can you work for?

Your clients could include large corporate, Government Departments, public and private sector or not-for-profit.

Key skills:

  • Time Management
  • Communication
  • Presentation
  • Innovation
  • Creativity
  • Inquisitive by nature
  • Interpersonal
  • Strategic planning
  • Flexibility
  • Detail focused

* These figures are taken from the 2017 Chartered Accountants ANZ Remuneration survey results of 15 Management Consultants with 1-4 years' experience in Australia and New Zealand.