Business consultants, or management analysts, help people to found and improve businesses. They advise executives and other supervisors about day-to-day business operations and long-range plans.

Where do consultants work?

Some management analysts work in-house for a single company, but about 25% work as freelancers. Consultants’ employers and clients include individuals and organizations from just about every industry. After all, whether the organization is a private school, a small bakery, or a multinational corporation, it could benefit from management consulting.

A given consultant’s position depends upon his or her expertise. A consultant could make recommendations to improve employee satisfaction, suggest new product lines, solve problems with customer service, or help a business become competitive online.

How is the job outlook?

The Bureau of Labor Statistics reports that the job outlook for consultants is favorable. The field is growing rapidly, and job growth is projected to be about 25% between 2010 and 2020. However, competition for jobs will be tough since consultancy positions are highly desirable.

According to government data, the median salary for management consultants was about $73,000 in 2008. The highest 10% earned more than $133,000 that year. Wages were lower in state government jobs but higher in computer technology and the federal government.

Which schools offer online MBAs in consulting?

As of early 2010, online concentrations in consulting are rare. However, the typical consultant does not complete a consulting management program per se. Rather, they earn an MBA in general management or a more specific area, such as online marketing or sports management. After achieving an impressive record through the application of that degree, the MBA graduate becomes ready to offer consulting services.

Here are some online MBA programs that can help launch a career in management consulting. Prospective students who have significant work experience might also consider enrolling in executive MBA programs to help launch a consultancy career.

Colorado Technical University – Project management MBA

DeVry University – Hospitality management MBA

Drexel University – Entrepreneurship MBA

Jones International University – Entrepreneurship MBA

Pennsylvania State University World Campus – General management