2431 Management consultants and business analysts

In short

• ONS unit group 2431, in minor group 243 (Business, research and administrative professionals) and major group 2 (Professional occupations).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): On the list: Table 1, Table 2.
• Going rate as the tables print it:
  • Table 1, Going rate (SW – options A and D): £50,200 (£25.74 per hour)
  • Table 2, Going rate (SW – options F and I, GBM and SCU): £36,000 (£18.46 per hour)

What the ONS says

Description

Management consultants and business analysts advise industrial, commercial and other establishments on a variety of management and business-related matters to assist in the formulation of financial and business policies in order to maximise growth or improve business performance.

Typical entry routes

Entry is most common with a degree or equivalent qualification but is possible with other academic qualifications. Professional qualifications are available and will be a requirement in some areas.

Tasks

• assesses the functions, objectives and requirements of the organisation seeking advice
• identifies problems concerned with business strategy, policy, organisation, procedures, methods and markets
• determines the appropriate method of data collection and research methodology, analyses and interprets information gained and formulates and implements recommendations and solutions
• advises governments, commercial enterprises, organisations and other clients in light of research findings
• runs workshops, and addresses seminars, conferences and the media to present results of research activity or to express professional views

Related job titles

• Business adviser
• Business consultant
• Business continuity manager
• Digital business analyst
• Financial risk analyst
• Management consultant

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1: Eligible SOC 2020 occupation codes and related going rates based on median Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

2431 Management consultants and business analysts

Examples of related job titles (non-exclusive)

• Business analysts and consultants
• Management advisers and consultants
• Risk analysts
• Management consultants and business analysts not elsewhere classified

Going rate (SW – options A and D)

£50,200 (£25.74 per hour)

90% of going rate (SW – option B)

£45,200 (£23.18 per hour)

80% of going rate (SW – option C)

£40,200 (£20.62 per hour)

70% of going rate (SW – option E)

£35,100 (£18.00 per hour)

Eligible for PhD points (SW)?

Yes

Table 2: Eligible SOC 2020 occupation codes and related going rates based on 25th percentile Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

2431 Management consultants and business analysts

Equivalent SOC 2010 occupation code(s)

1255, 2423

Examples of related job titles (non-exclusive)

• Business analysts and consultants
• Management advisers and consultants
• Risk analysts
• Management consultants and business analysts not elsewhere classified

Going rate (SW – options F and I, GBM and SCU)

£36,000 (£18.46 per hour)

90% of going rate (SW – option G)

£32,400 (£16.62 per hour)

80% of going rate (SW – option H)

£28,800 (£14.77 per hour)

70% of going rate (SW – option J, GTR)

£25,200 (£12.92 per hour)

Eligible for PhD points (SW)?

Yes

Other unit groups in minor group 243

• 2432 Marketing and commercial managers
• 2433 Actuaries, economists and statisticians
• 2434 Business and related research professionals
• 2435 Professional/chartered company secretaries
• 2439 Business, research and administrative professionals n.e.c.

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

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