Management Consultant with Business Strategy Skills Salary

Commissions constitute a big slice (over a third on average) of overall compensation for Management Consultants with Business Strategy skills, and the median take-home for this group lies near $106K. Total cash compensation for Management Consultants with Business Strategy skills runs from $64K to $199K depending on bonuses that can occasionally exceed $30K and profit sharing that can reach almost $19K. While geography and the specific company impact pay for this group, experience level is the most influential factor. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, Management Consultants with Business Strategy skills enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed 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


Known for taking on a considerable number of Management Consultants with Business Strategy skills, Deloitte Consulting LLP, PricewaterhouseCoopers, Accenture, Booz, Allen, and Hamilton, and EY (Ernst & Young) are leading firms in the industry. Although The Boston Consulting Group, Inc. boasts the highest average salary in town at $148K, employee compensation still varies greatly — workers can make as little as $81K or as much as $214K. Management Consultants with Business Strategy skills can also look forward to large paychecks at McKinsey & Company, Inc. ($139K), Slalom Consulting ($132K), and EY (Ernst & Young) ($130K).

Considering that the median salary at Booz, Allen, and Hamilton is a shallow $89K, it is not surprising that this employer ranks last in compensation relative to (and far behind) other companies in the same line of work — their median pay is 67 percent less than the top paying company. Deloitte, Bain & Company Inc., and Accenture also scrape the bottom of the pay scale, with median earnings hovering around $93K, $93K, and $94K.

Pay by Experience Level for Management Consultant

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Respondents with less than five years' experience take home $88K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $119K. After working for 10 to 20 years, Management Consultants with Business Strategy skills make a median salary of $153K. More than 20 years of experience mean a somewhat bigger median paycheck of $185K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $106,285

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

For those looking to make money, Management Consultants with Business Strategy skills in San Jose enjoy an exceptional pay rate, 57 percent above the national average. Management Consultants with Business Strategy skills can also look forward to large paychecks in cities like 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. Workers in Arlington and Chicago earn salaries that trail the national average for those in this profession (10 percent less and 7 percent less, 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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