Entry-Level Management Consultant Salary
For Entry-Level Management Consultants, yearly average wages total $75K annually. Total cash earnings of Entry-Level Management Consultants range from $51K on the low end to $122K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $16K and $11K, respectively. The company is the biggest factor affecting pay for this group, followed by geography. Male Entry-Level Management Consultants are more prevalent than women among those who took the survey — 63 percent of professionals. Most Entry-Level Management Consultants like their work and job satisfaction is high. Medical benefits are awarded to nearly all, and most earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.
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Popular Employer Salaries for Management Consultant
Dominating the field, Booz, Allen, and Hamilton, Accenture, PricewaterhouseCoopers, Deloitte Consulting LLP, and EY (Ernst & Young) are top firms with a reputation for hiring a great number of Entry-Level Management Consultants. Although The Boston Consulting Group, Inc. heads up the field in terms of compensation, offering the highest median salary at $156K, pay at this particular employer still varies considerably, running the full spectrum from $77K to $186K. Other employers shelling out big bucks include McKinsey & Company, Inc., Slalom Consulting, and Deloitte, where Entry-Level Management Consultants typically earn around $143K, $107K, or $95K, respectively.
Others at the bottom of the scale for this job include Booz, Allen, and Hamilton at $63K, and KPMG, LLP where $72K is the norm, but it is worth noting that some Entry-Level Management Consultants there earn up to $131K.
Pay Difference by Location
Entry-Level Management Consultants will find that Houston offers an impressive pay rate, one which exceeds the national average by 23 percent. Entry-Level Management Consultants can also look forward to large paychecks in cities like Los Angeles (+12 percent), Dallas (+12 percent), New York (+11 percent), and San Francisco (+11 percent). Trailing the national average by 12 percent, Denver is the market with the smallest paychecks. Not at the bottom but still paying below the median are employers in Washington and Arlington (8 percent lower and 2 percent lower, respectively).