How Much Do Analysts & Consultants Earn

How Much Do Analysts & Consultants EarnHow Much Do Analysts & Consultants EarnThe job or position of management analyst is synonymous with management consultant according to the Bureau of Labor Statistics(BLS). Management consultants suggest ways that a company can improve its efficiency, revenue, expense controls, and profitability. As of 2018, the average salary for management analysts was $87,000, and 90 percent earned between $56,000 and $142,000. Management consultants are typically tasked with analyzing, modeling, and identifying areas where improvement is needed. The analyst may develop a strategy and help the business implement the steps necessary to improve sales, revenue, cost controls, or operational efficiency. The consultants may also need to train employees on implementing and working with a new process. Management analysts can be self-employed whereby they are hired on a contract basis or for a particular project. The project might have a particular specialization such as inventory controls or eliminating duplication through reorganization of a companys structure. Some analysts work for large consulting firms where their role is to help the firms clients make any necessary improvements. Requirements and Training Needed An advanced degree such as an MBA as well as several years of related experience is needed to be considered for a management consultant position. Those interested in improving their credentials can opt for certification from The Institute of Management Consultants USA (IMC USA), which offers a Certified Management Consultant (CMC) designation. In plus-rechnen to education requirements, consultants must also have a number of years of experience to achieve certification. Pay Options Consultants with leading firms can earn very handsome pay packagesthat far exceed the BLS averages. For example, according to job website payscale.com, management consulting associates with McKinsey Co. earn an average of $102,000 per year, withi n a range of $72,000 to $174,000. The same management consultants at Deloitte earn an average of $90,000 within the range of $83,000 to $121,000 per year. Consulting managers and partners draw even higher pay. However, there are caveats. Billing Practices Consulting firms, as well as independent consultants, typically bill by the hour. This practice has many downsides, for individual consultants and consulting clients alike, and has come under attack in some quarters. Job Prospects The BLS counted more than 800,000 management analysts in 2016, and the number is expected to exceed 900,000 by the year 2026. Work Environment The BLS notes that frequent travel is a typical part of the job. See our discussion of health and business travel. However, the BLS also claims that only about 25 percent work more than 40 hours per week. The figure is likely understated, at least for the most prestigious consulting firms. Work weeks of at least 60 hours are sometimes the norm, and 70 t o 80 hours are not at all unusual.? In addition to reading the above-referenced articles on billable hours and utilization rates, also see our discussions of living to workand the up or out policy.All of these matters are significant for the prospective consultant. In short, those who succeed in this field live to work and thrive under pressure.

Career Tips for Women in Business

Career Tips for Women in BusinessCareer Tips for Women in Business

7 plants to improve your office environment

7 plants to improve your bro environment7 plants to improve your office environmentIndoor air can actually be as much as 12 times more polluted than outside air in some areas due to compounds in paints, furnishing, clothing and building materials. But plants can remove up to 80-90% of volatile organic compounds (VOCs) including substances such as formaldehyde, benzene and trichloroethylene which can be found in things like paint and varnish, clothing, furniture, and print equipment.Studies have also shown that peoples productivity increases when theyre working in rooms containing plants, so theyre definitely worth having in the office for more than simple decorative reasons.The office experts behind LondonOffices.com have compiled a list of the most beneficial plants to keep and care for in workplace environments. These are plants that are able to filter and purify the air, as well as grow indoors with limited light sources and little-to-no intervention.1. Devils IvyThis easy-to-car e for plant with heart-shaped, white-splotched leaves adapts well to a variety of office conditions from those with low light levels to brighter ones. It can be trained around a pole or cane, but looks great in big pots on a desk, shelf, table or the floor.2. Peace LilyThe peace lily is ideal for an office space that lacks big windows as it can grow in the lowest lighting. This is a large, space-filling plant that can clean the air.3. Gerber DaisyThis flowering plant which is also known as Gerbara is one which can filter toxins such as benzene, a substance that can be emitted by some printing systems.4. Warneck DracaenaAlso known as Dracaena reflexa, this shrub can grow super tall which means its perfect for offices with high ceilings and can be great to use as a natural separation barrier for different areas of a room. It also combats pollutants commonly found in varnishes and oils, so if your office space has hardwood floors, this plant would be ideal.5. Weeping figWith long ar ching branches and large, pointed leaves, the weeping fig is an attractive indoor plant that can filter pollutants from carpets and furniture, such as formaldehyde and benzene. This is one of the most popular small indoor trees that grows quite slowly and requires little attention, however, they dont like being moved and will drop leaves to produce new ones if there is a change in the lighting, temperature and humidity.6. FittoniaFittonia which is sometimes referred to as the nerve plant or mosaic plant can work well in offices because it actually thrives on fluorescent light. Without water for a few days, this plant is known to faint, but its easily revived with a quick watering.7. Aloe VeraNot only does the aloe plant purify the air, it can also serve as a first aid kit for any scrapes and burns. The variegated leaves that grow out of its centre are full of soothing aloe gel.This article was originally published on YourCoffeeBreak.co.uk.