Management Consultant with Business Strategy Skills Salary

On average, commissions constitute a fair portion (more than a third) of final income for Management Consultants with Business Strategy skills. That final number averages out to $106K across the industry. Total cash compensation to Management Consultants with Business Strategy skills approaches anywhere from $64K on the lower end to $199K on the higher end; in exceptional cases, this can include more than $30K from bonuses and upwards of $19K from profit sharing. The most important factor affecting compensation for this group is career length, followed by the particular city and the specific company. Most workers in this position report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

$61,210 - $155,603
(Median)
$61K
$96K
$160K
MEDIAN: $95,874
10%
50%
90%

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$24.92 - $247.75
(Median)
$25
$100
$250
MEDIAN: $100
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$70K$140K$210K
Salary
$61,210 - $155,603  
   
Bonus
$2,013 - $30,194  
Profit Sharing
$1,937 - $19,271  
Commission
$39,150  
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).
)
$64,142 - $199,008  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 904
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$90$180$270
Hourly Rate
$24.92 - $247.75  
   
Overtime
$5.30 - $200.67  
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$180K$360K$540K
Bonus
$2,013 - $30,194  
   
Commission
$39,150  
Profit Sharing
$1,937 - $19,271  
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).
)
$64,142 - $199,008  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 62
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Popular Employer Salaries for Management Consultant


Dominating the field, Deloitte Consulting LLP, PricewaterhouseCoopers, Accenture, Booz, Allen, and Hamilton, and EY (Ernst & Young) are top firms with a reputation for hiring a great number of Management Consultants with Business Strategy skills. The Boston Consulting Group, Inc. does shell out the biggest paychecks — the median in that office is $148K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $81K while workers on the upper end may rake in up to $214K. Those in search of high salaries should also consider McKinsey & Company, Inc., Slalom Consulting, and EY (Ernst & Young), top-paying firms where Management Consultants with Business Strategy skills rake in a massive $139K, $132K, or $130K, respectively.

Booz, Allen, and Hamilton reports the lowest median salary in the area by far — it's only $89K, 67 percent lower than the top payer. Others at the bottom of the scale for this job include Deloitte at $93K, Bain & Company Inc. at $93K, and Accenture, where $94K is the norm.

Pay by Experience Level for Management Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Management Consultants with Business Strategy skills, more experience generally translates to higher pay. Salaries for the relatively untried average out to around $88K, but survey participants with five to 10 years of experience earn a significantly higher median of $119K. The average pay reported by folks with 10 to 20 years of experience is around $153K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $185K.

Pay Difference by Location

National Average: $106,285

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

For Management Consultants with Business Strategy skills, San Jose provides a pay rate that is 57 percent greater than the national average. Management Consultants with Business Strategy skills will also find cushy salaries in Dallas (+22 percent), Seattle (+17 percent), Denver (+15 percent), and Austin (+14 percent). Washington ranks last in the field for pay, reporting salaries 11 percent below the national average. Arlington and Chicago are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 7 percent lower, respectively.

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Experience Affects Management Consultant Salaries




National Average
$106,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 192 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
7%
1-4 years
40%
5-9 years
25%
10-19 years
16%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
medical benefits
Vision: 67%
dental benefits
None: 13%
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