Cost Reduction Consultant

Also called: Expense Reduction Consultant

Finds ways for businesses to stop overpaying for things like shipping, phones, utilities and supplies, often paid a cut of the savings.

A day in the life

You review a hotel's phone and internet bills, discover they pay for 40 unused lines and negotiate a cheaper contract. You keep part of the savings as your fee.

Pay over a career

Starting
$50k
Typical
$85k
High
$180k

Often paid as a share of savings found.

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 5 years after high school. Bachelor's in business or finance, or industry experience.

Ways in: 4-year college, On-the-job training. Training cost: Under $15k.

Majors to look at: Business, Finance.

Outlook

Growing much faster than average (about 9% over 10 years). Tracks management analysts.

Will it last? Our AI estimate

Medium risk for 10 years. Spend-analysis software finds overcharges automatically; negotiating new contracts and selling clients stays human.

Start now, in high school

Classes: Accounting, Business elective, Speech and debate.

Official data: O*NET occupation 13-1111.

More Management Consulting careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.