Management Consultant Salary

The average salary for a Management Consultant is $85,935 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Skills that are associated with high pay for this job are Strategy Development, Strategy, and Business Strategy. Experience has a moderate effect on income for this job.

$54,782 - $140,594
(Median)
$55K
$86K
$140K
MEDIAN: $85,934
10%
50%
90%

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$19.37 - $181.50
(Median)
$19
$63
$180
MEDIAN: $63.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$54,782 - $140,594  
   
Bonus
$966 - $26,015  
Profit Sharing
$997 - $15,479  
Commission
$4,055 - $78,906  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$55,340 - $174,176  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 3,522
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70$140$210
Hourly Rate
$19.37 - $181.50  
   
Overtime
$19.00 - $127.50  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Bonus
$966 - $26,015  
   
Commission
$4,055 - $78,906  
Profit Sharing
$997 - $15,479  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$55,340 - $174,176  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 357
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Job Description for Management Consultant

Management consultants develop, recommend, and implement business improvements for companies. In order to do this, they consult with company leaders to identify the business's strengths and weaknesses in order to develop an improvement plan. Additionally, they train clients on business development processes. Occasionally management consultants will deal with modeling, analysis, and research for specific business design efforts. This is a highly team-focused career. Management consultants need to be customer-focused and able to communicate clearly, both verbally and in writing, with their clients. They need to be flexible and adaptable in order to accommodate their clients' specific needs. Candidates for these positions must have demonstrated strong leadership skills in previous positions, as management consulting is all about leadership and directing.

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Management Consultant Tasks

  • Train clients on business development processes.
  • May include modeling, analysis and research for specific business design efforts.
  • Develop, recommend and implement business improvements for companies.

Common Career Paths for Management Consultant


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Popular Skills for Management Consultant

Pay by Experience Level for Management Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

Management Consultant Reviews

What is it like working as a Management Consultant?

Management Consultant in Atlanta:
"Lots of work. Not much in return."
Pros: Some clients are fun. Clients will typically allow the consultants to participate in their ordeals.
Cons: Travel travel travel. It's fun for a while but it really wears you down after a while. Most people stay in this field a few years and jump ship. Bonuses may be paid to keep you around but my advice get out after a few years.

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Experience Affects Management Consultant Salaries




National Average
$93,000


Skills That Affect Management Consultant Salaries


up arrow 21%




Process Improvement
up arrow 4%

Strategic Planning
up arrow 4%

Project Management
up arrow 3%

Organizational Development
up arrow 3%

Financial Analysis
up arrow 2%

Business Analysis
up arrow 1%

National Average
$93,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 711 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
8%
1-4 years
38%
5-9 years
26%
10-19 years
18%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 11%
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