MBA careers

How To Become A Management Consultant

A consultant presenting charts at a whiteboard to colleagues around a table

Median pay BLS

$101,860

management analysts

Typical entry education BLS OOH

Bachelor's degree

Less than 5 years of related experience

Jobs nationally

898,280

$60,640 to $171,640 across them

Ranked MBAs in this field

28

Business Analytics concentration

The one job on this site where the federal source names the degree by name: the Handbook says some employers prefer candidates with an MBA. It still calls a bachelor's degree and several years of experience the typical entry, so the MBA is a preference employers hold, not a license the work requires.

What Management Analysts Do

The Occupational Outlook Handbook describes the work this way: “Management analysts, often called management consultants, recommend ways to improve an organization's efficiency.” That is the occupation BLS surveys for the pay figures on this page, so the job description and the wage belong to the same definition. The Handbook page is the source, read on September 22, 2026.

How To Become A Management Consultant

BLS sums the route up in one sentence: “Management analysts typically need at least a bachelor's degree and several years of related work experience.” It then adds: “However, some employers prefer to hire candidates who have a master's degree in business administration (MBA).”

This is the one job on this site where the federal source names the MBA outright. It still calls a bachelor's degree and several years of experience the typical entry, so the degree is a preference employers hold, not a qualification the work requires.

What this site can add to that is the price of the degree and what its graduates earned. Across the 28 ranked online MBAs reporting a business analytics concentration, whole-program tuition has a median of $35,157, and their graduates' median earnings a year after finishing were $79,653. The BLS median for management analysts is $101,860, $20,948 above the $80,912 median a year out of these programs, which is the distance experience covers rather than the degree.

What Management Analysts Earn

The May 2025 wage survey reports 898,280 jobs nationally, with these figures:

Management Analysts annual pay by percentile, BLS May 2025
PercentileAnnual payWhat it means
10th$60,640Lowest tenth of the occupation
25th$77,950Lower quarter
Median$101,860Midpoint, half earn more
75th$133,370Upper quarter
90th$171,640Highest tenth

The median, $101,860, is lower than most people expect from a job whose degree is named in the Handbook, and the 90th percentile of $178,620 is where the consulting firms people picture actually sit. MBA salaries by occupation sets all thirteen side by side, with what graduates of the ranked programs earned.

Online MBA Programs For Management Consultants

Business analytics is the closest concentration, because the recommendations the job description mentions are argued from data. Leadership covers the other half of the work, which is persuading an organization to act on them. Full profiles, prices and sources for each of these are on the concentration page; the score describes the whole MBA, because neither federal earnings nor AACSB tuition is reported for a single concentration.

Highest-ranked online MBAs reporting a business analytics concentration
Program Tuition Graduate earnings Rank
University of Nebraska, Nebraska $33,600 $113,196 22nd
Saint Joseph's University, Pennsylvania $36,480 $116,023 28th
University of North Alabama, Alabama $16,830 $83,366 31st
Southeastern Oklahoma State University, Oklahoma $11,730 $76,648 35th
University of South Dakota, South Dakota $16,980 $76,293 56th

All 28 ranked online MBAs in Business Analytics · Online MBA in Leadership

Common Questions About Becoming A Management Consultant

Do you need an MBA to become a management consultant?
How much do management analysts make?
Which online MBA concentration is best for management analysts?
Is the job growing?

Other Careers An MBA Leads To

Sources For This Management Consultant Page