Entry-Level Management Consultant Salary

An average Entry-Level Management Consultant can expect to take home roughly $76K annually. Cash earnings for Entry-Level Management Consultants — which occasionally include more than $17K from bonuses and more than $10K from profit sharing — stretch from around $52K to approximately $121K. The particular firm is the biggest factor affecting pay for this group, followed by geography. Most workers in this position report high levels of job satisfaction. More than half of Entry-Level Management Consultants (63 percent) survey respondents are men. Medical benefits are awarded to most, and a strong majority earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$51,684 - $109,606
$52K
$76K
$110K
MEDIAN: $75,529
10%
50%
90%

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$13.48 - $65.05
$13
$31
$65
MEDIAN: $30.99
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
$51,684 - $109,606  
   
Bonus
$1,163 - $17,172  
Profit Sharing
$964 - $10,420  
Commission
$7,500  
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).
)
$51,975 - $121,196  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 1,851
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$25$50$75
Hourly Rate
$13.48 - $65.05  
   
Hourly Tips
$2.22  
Overtime
$11.49 - $54.72  
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$50K$100K$150K
Bonus
$1,163 - $17,172  
   
Commission
$7,500  
Profit Sharing
$964 - $10,420  
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).
)
$51,975 - $121,196  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 84

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Popular Employer Salaries for Management Consultant


Dominating the field, Booz, Allen, and Hamilton, Accenture, Deloitte Consulting LLP, PricewaterhouseCoopers, and EY (Ernst & Young) are top firms with a reputation for hiring a great number of Entry-Level Management Consultants. McKinsey & Company, Inc. offers the highest compensation with a median salary of $119K. Those in search of high salaries should also consider Slalom Consulting, Deloitte, and Accenture, top-paying firms where Entry-Level Management Consultants rake in a massive $106K, $94K, or $91K, respectively.

Relative to other names in the field, compensation is very low at Booz, Allen, and Hamilton — the median salary comes to just $65K, about half the top paying employer's rate. KPMG, LLP, Hitachi Consulting, and International Business Machines (IBM) Corp. are a few other employers known for handing out relatively lightweight salaries ($71K, $72K, and $74K respectively).

Pay Difference by Location

National Average: $79,066

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

For Entry-Level Management Consultants, working in the bustling city of Houston has its advantages, including an above-average pay rate. Entry-Level Management Consultants can also look forward to large paychecks in cities like San Francisco (+15 percent), Philadelphia (+13 percent), New York (+10 percent), and Los Angeles (+8 percent). The lowest-paying market is Denver, which sits 9 percent below the national average. Employers in Washington and Arlington also lean toward paying below-median salaries (8 percent lower and 6 percent lower, respectively).

Management Consultant Advice

Q: 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.

Key Stats for Management Consultant

Gender

Female
37 %
Male
63 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 260 votes.
Less than 1 year
14%
1-4 years
71%
5-9 years
15%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Management Consultant Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 260 votes.

Gender

Female
37 %
Male
63 %

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 79%
vision benefits
Vision: 69%
no benefits
None: 9%
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