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Entry-Level Management Consultant Salary

Entry-Level Management Consultants take home an average $73K annually. Total incomes of Entry-Level Management Consultants incorporate potential for, in a few cases, more than $20K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $50K and $126K. The company is the biggest factor affecting pay for this group, followed by geography. Male Entry-Level Management Consultants who responded to the survey are more common than women; more than half (66 percent) are men. Job satisfaction is high and work is enjoyable for most Entry-Level Management Consultants. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
$49,869 - $113,181
(Median)
50K
61K
73K
90K
110K
MEDIAN: $73,190
10%
25%
50%
75%
90%

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$10.81 - $88.77
(Median)
11
24
40
89
MEDIAN: $24.00
10%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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$50K$100K$150K
Salary
$49,869 - $113,181  
   
Bonus
$989 - $20,039  
Profit Sharing
$975 - $10,119  
Commission
$-0.50 - $28,806  
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).
)
$49,763 - $125,602  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,952
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$30$60$90
Hourly Rate
$10.81 - $88.77  
   
Overtime
$6.24 - $54.00  
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$60K$120K$180K
Bonus
$989 - $20,039  
   
Commission
$-0.50 - $28,806  
Profit Sharing
$975 - $10,119  
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).
)
$49,763 - $125,602  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 78
United States (change)

Management Consultant Job Listings

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Popular Employer Salaries for Entry-Level Management Consultant


Accenture, Deloitte Consulting LLP, Booz, Allen, and Hamilton, EY (Ernst & Young), and PricewaterhouseCoopers are leaders in the field that employ a large number of Entry-Level Management Consultants. The biggest paychecks can be found at McKinsey & Company, Inc. — the median salary there is $139K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $75K and highest ones in the neighborhood of $213K. Soaring salaries can also be found at Bain & Company Inc., The Boston Consulting Group, Inc., and EY (Ernst & Young), where earnings of $93K, $90K, or $87K are standard for Entry-Level Management Consultants.

Workers at Booz, Allen, and Hamilton, Hitachi Consulting, and KPMG, LLP also face smaller salaries than the rest of the field — average earnings for these employers come to $69K, $72K, and $74K respectively.

Pay Difference by Location


New York is home to an above-average pay rate for Entry-Level Management Consultants, 14 percent higher than the national average. Entry-Level Management Consultants can also look forward to large paychecks in cities like San Francisco (+13 percent), Boston (+10 percent), Charlotte (+9 percent), and Chicago (+6 percent). Philadelphia is the lowest-paying area, 11 percent south of the national average. On the whole, employers pay 7 percent below the median salary for those in this field in McLean and Atlanta.

Management Consultant Advice

What do you wish you knew about your job when you first started out?
Management Consultant in Buffalo:
Learn how to manage your time and what items are actually productive versus items that just keep you busy.

Skills That Affect Entry-Level Management Consultant Salaries

up arrow 20%






Project Management
up arrow 4%

Process Improvement
up arrow 3%

Financial Analysis
up arrow 3%

Data Analysis
up arrow 1%

National Average
$77,000




Microsoft Access
up arrow 7%

Microsoft Word
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 464 votes.

Gender

Female
34 %
Male
66 %

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 81%
vision benefits Vision: 67% employee benefits None: 7%