Entry-Level Management Consultant Salary

Entry-Level Management Consultants take home an average $74K per year. Total cash earnings of Entry-Level Management Consultants range from $50K on the low end to $126K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $20K and $11K, respectively. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction for Entry-Level Management Consultants is high. Most people who answered the questionnaire are men; 64 percent of Entry-Level Management Consultants are male. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$49,511 - $114,902
(Median)
$50K
$74K
$110K
MEDIAN: $74,172
10%
50%
90%

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$12.10 - $81.37
(Median)
$12
$25
$81
MEDIAN: $25.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,511 - $114,902  
   
Bonus
$994 - $19,655  
Profit Sharing
$736 - $10,758  
Commission
$14,000  
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).
)
$49,588 - $126,009  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,385
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28$56$84
Hourly Rate
$12.10 - $81.37  
   
Overtime
$7.86 - $53.92  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$994 - $19,655  
   
Commission
$14,000  
Profit Sharing
$736 - $10,758  
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).
)
$49,588 - $126,009  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 100
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Popular Employer Salaries for Management Consultant


Booz, Allen, and Hamilton, Accenture, Deloitte Consulting LLP, PricewaterhouseCoopers, and EY (Ernst & Young) are leaders in the field that employ a large number of Entry-Level Management Consultants. McKinsey & Company, Inc. offers the largest salaries in town ($143K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $79K to $213K. Soaring salaries can also be found at The Boston Consulting Group, Inc., Slalom Consulting, and Bain & Company Inc., where earnings of $130K, $104K, or $99K are standard for Entry-Level Management Consultants.

Booz, Allen, and Hamilton employees cannot expect much in terms of compensation — the median salary amounts to only $65K, less than half of the top paying employer's rate. KPMG, LLP, Hitachi Consulting and Grant Thornton Llp are three other employers with a reputation for below-average pay, showing salaries around $73K, $74K, and $74K.

Pay Difference by Location

National Average: $77,708

Larger city markers indicate a job is popular in that location.

New York offers some of the highest pay in the country for Entry-Level Management Consultants, 14 percent above the national average. Entry-Level Management Consultants will also find cushy salaries in San Francisco (+11 percent), Los Angeles (+11 percent), Boston (+7 percent), and Houston (+7 percent). Those in the field find the lowest salaries in Denver, 14 percent below the national average. Philadelphia and Washington are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 7 percent lower, respectively.

Management Consultant Advice

What do you wish you knew about your job when you first started out?

Management Consultant in Albuquerque:
"The Coach Approach and Tips."
Know the value you bring and you get paid for what you know. So keep learning and you will keep bringing the value to others and yourself.

Management Consultant in Buffalo:
Learn how to manage your time and what items are actually productive versus items that just keep you busy.

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Skills That Affect Management Consultant Salaries

up arrow 17%





Consulting Management
up arrow 4%

Project Management
up arrow 3%

Process Improvement
up arrow 3%

Strategic Planning
up arrow 1%

Data Analysis
0%

Financial Analysis
0%

National Average
$78,000

Organizational Development
up arrow 1%

Microsoft Excel
up arrow 3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 400 votes.

Gender

Female
36 %
Male
64 %

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 82%
medical benefits
Vision: 69%
dental benefits
None: 7%
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