ISC Paris ISC Paris

Management Consultant Career Guide

Management consultants help companies improve performance by analyzing challenges, identifying solutions, and guiding strategic change. They work across industries to optimize processes, strengthen operations, and support growth. As organizations face increasing complexity and competition, the need for experts who can turn insights into effective action continues to rise. Here’s what the role involves and how to prepare for it.

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The key points

  • Entry requirements Post-baccalaureate level training in Management, Investment, and Consulting
  • Average salary Average annual starting salary (between 20,000 and 30,000 euros gross per year)
  • Miniature horloge Duties Analysis and evaluation of needs - Implementation and monitoring of management strategies - Management consulting
  • Miniature discussion Skills Mastery of computer tools - Analytical skills - Good knowledge of the market - Excellent interpersonal skills - Responsiveness and rigor
  • Miniature sacoche Career progression Manager of management - Team leader - Senior consultant - Founder of a management company - Consultant Management and business engineering
  • Pictogramme campus ISC Paris courses Bachelor in Banking & Finance/Real Estate/Insurance - Master’s in Consulting and Project Management - MSc Marketing & Business Development

What does a Management Consultant do?

Companies seeking to expand often face complex challenges and choices. This is where management consultants come in. These professionals help management make strategic decisions, particularly in the areas of finance and asset management.  

This demanding profession requires in-depth knowledge of markets and investment tools, as well as strong listening and advisory skills.

What does the job of Management Consultant involve?

How to become a Management Consultant?

After a Baccalaureate or Bachelor Degree

After obtaining their baccalaureate, students can choose to pursue higher education with a bachelor’s degree, followed by a master’s degree in management, business, or human resources. They also have the option of choosing a three-year higher education programme, such as the Bachelor’s Degree in Banking and Finance at ISC Paris.

The latter is accessible through Parcoursup for first-year admission, but also offers second- or third-year admission for those with a Bac+1 or Bac+2.

Master’s Degree

After a three-year degree, there are several paths open to those who wish to continue their training to become management consultants:

Trainings to become a Management Consultant proposed by ISC Paris

STUDY AT ISC PARIS…
with a Bachelor’s program
STUDY AT ISC PARIS…
with a Master in Project Consulting and Management
Msc-Business-Development
STUDY AT ISC PARIS…
with the MSc in Business Development

The main tasks of a Management Consultant

1. Needs analysis and assessment: The management consultant must understand their client’s current and future management needs. They assess the current financial situation, anticipate future needs and propose the most appropriate solutions to optimize management.

2. Implementation and monitoring of management strategies: Based on the identified needs, the management consultant implements strategies to achieve their client’s objectives. They constantly monitor results to help improve performance and propose any necessary adjustments based on developments.

3. Management consulting: The management consultant identifies the various options available to optimize their client’s management. In this way, they help to minimize costs while ensuring compliance with current regulations.

What skills do you need to be a Management Consultant?

  1. Proficiency in IT tools: This skill is essential, as a wealth management adviser must use a number of software programmes to carry out their daily tasks. They must therefore know how to use IT tools effectively.
  2. Analytical skills: In order to advise clients effectively on managing their wealth, a wealth management adviser must be able to carry out in-depth analyses of their financial situation. This requires the ability to gather all the necessary information and analyse it thoroughly.
  3. Good knowledge of the market: To help clients invest in profitable financial products, a wealth management advisor must have a good knowledge of the market. They must be able to monitor the performance of various financial products and know which types of investments can be profitable.
  4. Excellent interpersonal skills: Wealth management advisors must be able to establish a relationship of trust with their clients. They must know how to listen to them and provide them with the best possible advice. They must therefore have very good interpersonal skills.
  5. Responsiveness and rigour: Wealth management advisers must be able to deal with unforeseen situations within a reasonable time frame. They must therefore be highly responsive and demonstrate rigour in organising their work in order to be able to respond to their clients’ urgent needs.
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What are the career opportunities for a management consultant?

The role of management consultant offers interesting career development opportunities for those who wish to advance in their career. Here are the main career development opportunities for a management consultant:

HOW MUCH DOES A MANAGEMENT CONSULTANT EARN?
What is the salary of a junior management consultant?
As a junior management consultant, the salary is generally between €20,000 and €30,000 gross per annum. This may vary depending on experience and the company for which they work.
A management consultant’s remuneration may also depend on commissions, which are often offered for sales of management products, such as life insurance or pension savings plans. It is important to note that the salary may increase as the consultant gains experience and expertise in the field of management.
HOW MUCH DOES A MANAGEMENT CONSULTANT EARN?
What is the salary of a senior management consultant?
On average, the salary of an experienced management consultant ranges from €60,000 to €100,000 gross per year, or even more for those with extensive experience. Amounts may vary depending on experience, the size of the company where they work, and their client portfolio, in the case of a self-employed consultant.
In companies, benefits such as bonuses and commissions can also increase their overall remuneration. A senior independent management consultant may receive fees representing between 0.5% and 3% of their client’s assets (real estate or financial).