Entry-Level Management Consultant Salary

Entry-Level Management Consultants pull down an average of $73K per year. Cash earnings for Entry-Level Management Consultants — including $20K in bonuses and $10K in profit sharing proceeds near the top of the pay scale — generally stretch from $49K to $123K depending on individual performance. The specific employer and the particular city each impact pay for this group, with the former having the largest influence. The majority of Entry-Level Management Consultants claim high levels of job satisfaction. There are more male Entry-Level Management Consultants than female among those who completed the questionnaire, making up 65 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$49,408 - $110,743
(Median)
$49K
$73K
$110K
MEDIAN: $73,456
10%
50%
90%

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$11.56 - $86.76
(Median)
$12
$25
$87
MEDIAN: $24.00
10%
50%
90%

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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
$49,408 - $110,743  
   
Bonus
$986 - $19,646  
Profit Sharing
$722 - $10,110  
Commission
$5,087 - $28,496  
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).
)
$49,227 - $122,808  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,036
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$29$58$87
Hourly Rate
$11.56 - $86.76  
   
Overtime
$5.14 - $55.48  
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
$986 - $19,646  
   
Commission
$5,087 - $28,496  
Profit Sharing
$722 - $10,110  
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).
)
$49,227 - $122,808  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 85
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Popular Employer Salaries for Entry-Level Management Consultant


Well-known firms with a reputation for hiring numerous Entry-Level Management Consultants include Booz, Allen, and Hamilton, Accenture, Deloitte Consulting LLP, PricewaterhouseCoopers, and EY (Ernst & Young). The biggest paychecks can be found at McKinsey & Company, Inc. — the median salary there is $143K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $78K and highest ones in the neighborhood of $214K. Other employers shelling out big bucks include Bain & Company Inc., Deloitte, and The Boston Consulting Group, Inc., where Entry-Level Management Consultants typically earn around $99K, $94K, or $91K, respectively.

Workers also receive paychecks lighter than average at Booz, Allen, and Hamilton ($66K), KPMG, LLP ($70K), and Hitachi Consulting ($72K).

Pay Difference by 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 will also find cushy salaries in Los Angeles (+12 percent), San Francisco (+12 percent), Boston (+10 percent), and Austin (+10 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Denver. Employers pay around 9 percent less in Philadelphia and 6 percent less in Washington, below-median salaries for those in this field.

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Skills That Affect Entry-Level Management Consultant Salaries

up arrow 20%






Project Management
up arrow 4%

Process Improvement
up arrow 2%

Organizational Development
up arrow 1%

Financial Analysis
0%

National Average
$77,000

Data Analysis
up arrow 1%

Strategic Planning
up arrow 3%



Microsoft Word
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 369 votes.

Gender

Female
35 %
Male
65 %

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 82%
vision benefits Vision: 68% employee benefits None: 7%
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