Management Consulting Careers

Guide to physician careers in healthcare management consulting at top firms and boutique consultancies.

What is Healthcare Management Consulting?

Management consulting involves advising healthcare organizations on strategy, operations, and performance improvement. Physicians bring clinical credibility and healthcare expertise to consulting engagements.

Common Employers

Top-tier firms:
- McKinsey & Company
- Boston Consulting Group (BCG)
- Bain & Company

Healthcare-focused:
- Advisory Board (Optum)
- Huron Consulting
- Chartis Group
- ECG Management Consultants

Compensation Range

  • Consultant: $180,000 - $250,000
  • Senior Consultant/Manager: $250,000 - $350,000
  • Principal/Partner: $400,000 - $1,000,000+

How to Transition

  1. Consider MBA: Many firms prefer or require it
  2. Practice case interviews: Consulting interviews are unique
  3. Network heavily: Consulting is relationship-driven
  4. Build analytical skills: Learn data analysis and presentation
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