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Management Consultant

Note: Completion of a TAFE SA course does not guarantee an employment outcome. Formal requirements other than educational qualifications (eg licensing, professional registration), may apply to some occupations.

Job Prospects Openings 5 years to November 2019: > 50,000
Salary Range Median weekly earnings: $1301 to $1700 to Source: Australian Government Department of Employment 2015
Brief We'd all like to work in an organisation that runs without a hitch. But in real world organisations, problems are encountered from time to time. It's on such occasions that a management consultant's expertise might be called upon to assist.

There are over 1,300 management consultants working in South Australia. Employment is largely full-time and most work in the Professional, Scientific and Technical Services industry. Majority of persons in this occupation are males and most are employed in the Adelaide metropolitan area. Most people employed in this occupation belong to the 45 - 54 years age group.

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TAFE SA courses that may be relevant for: Management Consultant

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Introduction

Management consultants, who usually have specialist qualifications and experience in certain aspects of management, are called in to assist firms that want to improve the way they do business. Companies are usually looking to improve their efficiency or profitability. Being an outsider, a management consultant can often bring an objectivity that the organisation may not be able to achieve on its own. ''The role of being an advisor to senior decision makers is as old as civilisation itself. And, basically, a management consultant is an advisor,'' says David Palmer, the principal of a local management consultancy firm.

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Education Requirements

It is advantageous to have completed a degree in a particular discipline, such as business or commerce (marketing is highly recommended for students as their major course of study) and to have gained some practical and managerial experience in the workforce before offering management consultancy services.

TAFE SA offers courses relevant to this occupation including the Diploma and Advanced Diploma of Business and Diploma and Advanced Diploma of Management. Pathways include the Certificate II, III and IV in Business and Certificate IV in Frontline Management.

Studying at TAFE SA is one of the easiest and most successful pathways towards a University Degree. Dual offer courses are available to TAFE SA and Flinders University in Management with the Diploma of Business/Bachelor of Business, Diploma of Management/Bachelor of Business (Management), Diploma of Management/Bachelor of Business.

Career Path

Most management consultants have a basic professional qualification like engineering, accounting, psychology or computing. To be able to offer specialist expertise, you need to have completed a degree course and to have worked in that particular discipline for some years to gain practical experience, according to David. ''Sometimes, the larger management consulting firms will recruit top graduates directly from university and train them.

Most management consultants, however, have usually worked either in managerial positions or in specialist support areas, before they become professional management consultants themselves,'' says Jennifer. Finding The Work ''Employment prospects for the profession are excellent as there has been significant growth in the occupation, but this comes with its challenges. You have to demonstrate that you have skills that are currently in demand, such as E-commerce skills in addition to sound business skills and a thorough understanding of the industry you work in. Management consultants often work on a contract basis. In addition to the growth in this field, permanent salaried positions have been declining for a long time now and most organisations can see the benefits of engaging professional experts only for as long as their specialist expertise is needed. Because of the growing number of management consultants in the marketplace, it remains critical for management consultants to 'really stay on top of things'. Be willing to constantly read, attend seminars and conferences and regularly acquire new skills and insights in this occupation.

Industries

Finance and Insurance,  Property and Business Services

Nature of the Job

Identifying where improvements can be made is the job of the management consultant. The key could lie in improving staff morale or in re-engineering operational systems. So it's important that management consultants derive pleasure from spotting problems and finding solutions to them. Both David Palmer and Jennifer Bishop, also the principal of a local management consultant firm, agree that: ''You've got to be excited about solving problems, piecing together puzzles, and applying theory to real life situations.'' It's not all about dealing with problems, however. There might be instances where a very successful company enlists the help of a management consultant to capture new growth areas for that business.

When a management consultant is appointed, they will look at the organisation's systems, procedures and relationships to assess how individuals and the organisation can operate with greater efficiency and effectiveness. To do this, they have to gather information relating to the function of each area within the organisation. This might involve interviewing managers or other staff, looking at any relevant, existing data and then identifying the key problem areas. Finding solutions or improvements, which very often have to be outlined in detailed reports, is also part of their role. In some cases, they may also be required to assist in the implementation of any new systems or procedures that they recommend.

Typical Physical Working Environment

Jennifer says the most beneficial personality traits include: ''A desire and aptitude for working with people at all levels of an organisation, a capacity for rapid learning and an ability to sell your ideas and services.'' Good management consultants also need to be attentive listeners and tactful communicators. Some of the typical assignments for management consultants include reviewing an organisation's corporate objectives, improving revenue and profitability and introducing new or better management techniques such as staff incentives.

Typical Occupational Example

The majority of a management consultant's work is done in an office. When they are required to assess a company's systems, they typically work at that company's premises.

Further information:

Institute of Management Consultants
Phone: 1800 800 719
Website: www.imc.org.au

Earning Potential

Management consultants salaries generally range from $42,000 to $90,000 per annum. Principals of large management consultancy firms may earn in excess of this.

Further Information

For further information about all TAFE SA Courses, phone 1800 882 661 or enquire online