Business Process / Management Consultant Salary
A big portion of take-home pay for Business Process Consultants — slightly less than half, in fact — arrives through commissions. This profession's median overall income is approximately $85K. Cash earnings for Business Process Consultants — including $20K in bonuses and $12K in profit sharing proceeds near the top of the pay scale — generally stretch from $50K to $154K depending on individual performance. The particular firm is the biggest factor affecting pay for this group, followed by experience level and geographic location. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction is high and work is enjoyable for most Business Process Consultants. There are more male Business Process Consultants than female among those who completed the questionnaire, making up 60 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for Business Process / Management Consultant
Business process/management consultants seek to constantly evaluate the production process and improve on it in any way possible. These improvements can take the form of new equipment, staff, methods, and team building and mentoring. By working with the production and sales chains of a business, the business process/management consultants help eliminate unnecessary costs and increase communication between the different levels of operation.Read More...
Strong interpersonal communication skills are a must for business process/management consultants because their role is leadership-heavy and usually requires working with a production team and their management, and reviewing them in a manner that allows for impartial assessment and calculation. Being able to run meetings, create presentations, and create informational charts indicating where processes are lacking in efficiency will help on the job immensely.
Having a bachelor’s degree in business or engineering is a great way to begin preparing to become a business process/management consultant. More advanced/senior consultant positions may require a master’s degree and more extensive work experience in a related position or field. In addition, business consultants should have a strong command of computers and programs such as those in the Microsoft Office suite.
Business Process / Management Consultant Tasks
- Conduct organizational studies and evaluations to find inefficient business processes and programs.
- Design systems and procedures to more efficiently conduct an organization's practices and procedures.
Common Career Paths for Business Process / Management Consultant
Though some Business Process Consultants move into positions like VP of Operations (where the average salary is $123K), this progression is not the norm. A more likely transition for Business Process Consultants is Information Technology Project Manager or Senior Professional Service Consultant.
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Popular Employer Salaries for Business Process / Management Consultant
Booz, Allen, and Hamilton, Humana, Inc., EY (Ernst & Young), International Business Machines (IBM) Corp., and Protiviti Incorporated are among the top companies that take on many Business Process Consultants. For Business Process Consultants, comfortable salaries can be found at Humana, Inc.; in fact, average earnings are around $146K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($52K versus $154K) is great. Other leaders in compensation levels are Slalom Consulting at $123K, Accenture at $110K, and Deloitte Consulting LLP, where Business Process Consultants annually earn $96K.
Other low-paying employers include Booz, Allen, and Hamilton at $70K and Protiviti Incorporated at $71K, though some Business Process Consultants there earn up to $110K.
Popular Skills for Business Process / Management Consultant
Business Process Consultants seem to wield many skills on the job. Most notably, facility with Program Management, Business Process Engineering, and Change Management are correlated to pay that is significantly above average, leading to increases of 24 percent, 20 percent, and 15 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Word, Windows Operating System General Use, and Microsoft Office. Most people skilled in Process Improvement are similarly competent in Business Analysis, Change Management, and Business Process Engineering.
Pay by Experience Level for Business Process / Management Consultant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Business Process Consultants with a lot of experience tend to enjoy higher earnings. Those in the early stages of their career can expect to make around $70K; however, individuals with five to 10 years of experience bring in $97K on average — a distinctly larger sum. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $106K. Average wages for folks with more than 20 years of experience come out to around $125K.
Pay Difference by Location
For Business Process Consultants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Business Process Consultants will also find cushy salaries in Seattle (+27 percent), Minneapolis (+20 percent), Philadelphia (+15 percent), and Denver (+14 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Dallas. Arlington and Austin are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 6 percent lower, respectively.