Entry-Level Management Consultant Salary

Average Entry-Level Management Consultants make around $74K annually. Cash earnings for Entry-Level Management Consultants — which occasionally include more than $20K from bonuses and more than $11K from profit sharing — stretch from around $50K to approximately $126K. The specific employer is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the greater part. 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 figures in this rundown are based on the results of PayScale's salary questionnaire.

$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


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. does shell out the biggest paychecks — the median in that office is $143K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $79K while workers on the upper end may rake in up to $213K. The Boston Consulting Group, Inc., Slalom Consulting, and Bain & Company Inc. also offer top salaries for Entry-Level Management Consultants. Workers at these firms can expect to earn about $130K, $104K, and $99K, respectively.

The consistently lowest paying firm on the list is Booz, Allen, and Hamilton, where the median salary is just $65K — less than half of the top paying company's rate. Others at the bottom of the scale for this job include KPMG, LLP at $73K, Hitachi Consulting at $74K, and Grant Thornton Llp, where $74K is the norm.

Pay Difference by Location

National Average: $77,708

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

Surpassing the national average by 14 percent, Entry-Level Management Consultants in New York receive some of the highest pay in the country. Entry-Level Management Consultants can also look forward to large paychecks in cities like 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. Employers in Philadelphia and Washington also lean toward paying below-median salaries (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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