Consultant, management

What does a management consultant do? – Tasks and work environment

A management consultant works with analyzing, developing, and improving organizations' leadership, structure, and processes. Tasks may include strategic advice, change management, organizational development, and implementation of new business models. The consultant is often involved in projects aimed at increasing efficiency, profitability, or adaptability to market changes. The work environment is characterized by a fast pace, varied workplaces, and regular meetings with management teams and other decision-makers. It is common to work both on-site with clients and at the firm’s office, requiring flexibility and strong communication skills.

Salary development over time

The salary development for a management consultant has been steadily increasing in recent years. In 2022, the average salary was 54,300 SEK per month, rising to 55 500 in 2023 and further to 58 400 in 2024. The total increase from 2022 to 2024 is approximately 7.5%, which is slightly above the average for the labor market. This positive trend can largely be explained by continued high demand for qualified leadership skills and the increasing complexity of business environments, where companies seek external expertise for transformation and change initiatives. Additionally, skill shortages in certain specialist areas drive wages higher.

Management consultant salary – complete overview

• Average salary: 58 400 SEK/month
• Lowest salary: 42,600 SEK/month (female, government sector, upper secondary education)
• Highest salary: 92,000 SEK/month (female, municipal sector, data unavailable)
• Hourly wage: 351 SEK
• Gender differences: Women earn 88% of what men do (women 54 600 SEK, men 62 300 SEK)
• Regional differences: Data unavailable

Education and qualifications

The path to becoming a management consultant often involves higher academic education, typically in economics, engineering, or social sciences. Many supplement their education with specialized courses in leadership, project management, or organizational development. Practical experience in change management and strategic thinking is highly valued, and it is common to start a career with trainee programs or junior consulting roles.

• Formal degree: Bachelor's or master's in economics, engineering, or social sciences (3–5 years)
• Certifications: Leadership, project management (e.g., PMP, PRINCE2)
• Internships/trainee programs: Common at larger consulting firms
• Prerequisites: Analytical skills, problem-solving, good communication
• Additional courses: Organizational psychology, business development, digitalization

Common benefits and compensation

Management consultants are often offered benefits such as occupational pension, wellness allowances, bonus programs, and opportunities for professional development. Other common compensations include company cars, mobile phones, affordable health insurance, and access to the company's network and mentorship programs. Flexible working hours and remote work options are also common in many consulting firms.

Competition and challenges

The competition within the management consulting industry is intense, especially among younger consultants and those aiming for the most reputable firms. To stand out, not only academic credentials are required, but also experience from relevant industries and projects. The industry is characterized by a fast pace and high demands for continuous development, requiring significant effort and adaptability. Quickly understanding new organizations and managing complex challenges is crucial. Additionally, consultants are expected to contribute innovative solutions and adopt a consultative approach with clients.

Tips for aspiring management consultants

To succeed as a management consultant, it is beneficial to combine analytical sharpness with strong communication skills. A proactive drive and interest in solving complex problems enable you to take on challenging projects and create value for clients. Building a network within the business community early on and taking initiative to learn about different industries is advantageous. The ability to collaborate, build trust, and handle stress while delivering results under tight deadlines is essential. Flexibility and quick adaptation to new situations are also important traits. Finally, a desire for continuous development and acquiring new knowledge gives you an edge in a rapidly changing industry.

Key facts about Management Consulting

• Education level: Bachelor's or master's in economics, engineering, or social sciences
• Work environment: Office-based, often with travel and client meetings
• Work mode: Project-based, both on-site and remote
• Demand: Moderate opportunities according to the Employment Service
• Number of available jobs: 758 within management and organizational development

Career paths and future prospects

After three to five years as a management consultant, it is common to advance to roles such as project manager, senior consultant, or take responsibility for larger client assignments. Some choose to specialize further in areas like change management, digital transformation, or sustainability. Others move into leadership roles within client organizations or start their own consulting firms. According to the Employment Service's forecasts for management and organizational development professionals, job opportunities are assessed as moderate with a balanced recruitment situation. Demand is expected to remain unchanged over five years, meaning competition for attractive positions will continue to be significant. However, career development opportunities are good for those who combine strong analytical and communicative skills with practical experience.

Frequently asked questions about Management Consulting

• What does a management consultant earn?
  - The average salary is 58 400 SEK per month, but it varies depending on experience, education, and sector.
• What education is required to become a management consultant?
  - Usually a bachelor's or master's degree in economics, engineering, or social sciences, along with supplementary courses and internships.
• What are the gender differences in salary?
  - Women earn an average of 54 600 SEK, while men earn 62 300 SEK, meaning women earn 88% of men's salaries.
• What are the most common benefits?
  - Occupational pension, bonus programs, wellness allowances, company cars, and opportunities for professional development are common benefits.
• What are the future prospects for the profession?
  - The Employment Service assesses that job opportunities are moderate and demand is expected to remain unchanged over the next five years.
• What is the highest and lowest salary?
  - The highest salary is 92,000 SEK (female, municipal sector), and the lowest is 42,600 SEK (female, government sector).
• How high is the demand in the job market?
  - There are 758 available jobs within management and organizational development.