Family Business Consultant

Also called: Succession Planning Advisor

Helps family-owned companies plan who takes over next and handle the tricky mix of family and business.

A day in the life

You meet with a 70-year-old founder and his three adult kids, who disagree about who should run the company. You set up family meetings, a board and a succession timeline.

Pay over a career

Starting
$60k
Typical
$110k
High
$220k

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

Training

Master's degree, about 6 years after high school. Often a graduate degree in business, law, psychology or family therapy.

Ways in: 4-year college, Graduate school. Training cost: $60k – $150k.

Majors to look at: Business Administration, Psychology, Family Studies.

Outlook

Growing about average. Huge numbers of family businesses are changing generations.

Will it last? Our AI estimate

Low risk for 10 years. AI can draft succession plans; sitting with a founder and his feuding kids and earning their trust stays human.

Start now, in high school

Classes: AP Psychology, 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.