What does an Advisory Manager do?
Advisory managers guide and advise clients through a wide range of processes related to business planning, operational evaluations and assessments, and major decision making. The priority is usually to help identify opportunities to increase revenue or improve efficiency. They may construct or develop models and simulations to predict likely outcomes for various potential scenarios. These managers often specialize in one particular aspect of business operations, such as technology, personnel, or finances.
Advisory managers typically have a bachelor’s degree and a background that includes supervisory roles. They must have extensive experience in their particular specialty area and have often worked as a specialist or consultant in that category. Managers in a financially focused role may have mandated requirements depending on the position and location. These positions require excellent communication skills, project management abilities, and familiarity with a broad range of business operation situations and challenges.
- Oversee the firm's third-party product and advisory solution line up.
- Draft financial due diligence and related reports for clients.
- Manage corporate and business unit-related technical accounting matters and related business processes.
- Oversee field development through a variety of training programs, including written communications, web-based seminars, and regional/agency meetings.
- Participate in industry and community networking events to expand professional connections.
- Manage the risk identification process and evaluation and testing of business processes and related controls.
- Maintain strong client relations and cross-sell services within the assigned group of clients.
- Develop and present complex accounting matters/ conclusions to company management.
- Maintain and execute adequate internal controls for responsibilities and update 404 narratives, as needed.
- Manage and prepare data requests as well as tracking of key issues identified during the deal process.
- Contribute and support new ideas on internal processes and client engagements.
- Liaise with external auditors on complex business development transactions, provide quarterly updates and achieve alignment on accounting.
- Determine all potentially material ESG issues and develop tailored questions to be asked of key stakeholders to further assess the company's risk exposure and management capacity.
- Proactively engage with clients to interpret usage data to develop benchmarks, predictive KPIs, and recommend modifications of system usage to clients as appropriate.
- Manage internal audit outsourcing and co-sourcing engagements for clients.
- Think strategically about practice enhancements and implement and manage change.
- Use established network of business relationships within industry groups to generate new sales opportunities.
- Manage budgeting and forecasting activities and build financial proposals.
- Turn vision into action and provide continuous guidance on execution and implementation.
- Bachelor's or Graduate's Degree in business, information technology, or science or equivalent experience.
- Prior experience in a consulting capacity.
- Can use critical thinking and collaboration skills with confidence to solve problems.
- Fluent in enterprise resource planning, cloud, and SQL software and systems.
- Can utilize leadership skills to assist with daily tasks and priorities that arise.
- Fluent in practices including liquidation, integration testing, capitalization, and hedging.
- Experience with CMA, CISA, C, and Agile programming.
Advisory Manager Salaries
Average Base Pay
Advisory Manager Career Path
Learn how to become an Advisory Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Advisory Manager Insights
“Clear and great career path”
“It was an online internship and I felt the company wasn't greatly equipped to handle it.”
“Not so such a good salary for an IT degree”
“Learning and development opportunities are great”
“You only got your pay cut reimbursed if you continued to be employed until the following December.”
“Promotions happen semi annually and no clear career outline.”
“Opportunities to learn and grow.”
“Salary is on the lower end of the consulting scale”
Advisory Manager Interviews
Frequently asked questions about the role and responsibilities of an Advisory Manager
- Research Assistant
- Senior Leader