Managing Consultant Salary

Managing Consultants receive generous compensation in the United States — earning an average of $118K per year, their standard salaries shoot well into the six-figure range. Overall cash earnings for Managing Consultants vary widely between $89K and $195K; for a few high rollers, the final number can encompass upwards of $31K each from bonuses and profit sharing proceeds. Compensation for this group is mainly affected by geographic location, but career duration and the individual firm are influential factors as well. Nearly all receive medical and dental insurance and a strong majority get vision plans. The majority of Managing Consultants claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$82,884 - $170,129
(Median)
$83K
$120K
$170K
MEDIAN: $117,822
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$70K$140K$210K
Salary
$82,884 - $170,129  
   
Bonus
$2,412 - $30,562  
Profit Sharing
$1,546 - $30,050  
Commission
$1,474 - $40,695  
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).
)
$88,570 - $194,698  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 370
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Job Description for Managing Consultant

Managing consultant perform a wide variety of tasks, such as researching, collecting and analyzing data, interviewing various people in relation to their client and the client's company, presenting solutions, aiding and implementing plans and solutions, and keeping clients updated on progress.

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Managing Consultant Job Listings

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Popular Employer Salaries for Managing Consultant


IBM Global Services does shell out the biggest paychecks — the median in that office is $140K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $103K while workers on the upper end may rake in up to $183K.

The lowest salaries can be found at Navigant Consulting, Inc. — median pay is $101K — and there is little variation in compensation, with paychecks starting at $82K and only reaching $140K.

Popular Skills for Managing Consultant


Managing Consultants generally report applying a varied skill set to their work. Most notably, skills in Business Strategy, Consulting Management, IT Consulting, and Data Analysis are correlated to pay that is above average. Those listing Financial Analysis as a skill should be prepared for drastically lower pay. Human Resources and Strategy also typically command lower compensation. It is often found that people who know Consulting Management are also skilled in IT Consulting.

Pay by Experience Level for Managing Consultant

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


For many Managing Consultants, more experience generally translates to higher pay. During their first five years in the workforce, individuals in this position earn $105K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $114K. Managing Consultants see a median salary of $136K after reaching one to two decades on the job. Managing Consultants who have spent more than 20 years on the job report earning a significantly higher median of $157K.

Pay Difference by Location


Boston is home to an above-average pay rate for Managing Consultants, 32 percent higher than the national average. Managing Consultants can also look forward to large paychecks in cities like Philadelphia (+21 percent), Atlanta (+19 percent), Houston (+18 percent), and Seattle (+14 percent). The lowest-paying market is Raleigh, which sits 20 percent below the national average. On the whole, employers pay 14 percent below the median salary for those in this field in Los Angeles and Washington.

Managing Consultant Advice

What do you wish you knew about your job when you first started out?

Managing Consultant in Columbus:
"Business knowledge."
Learn as much about the business as possible. The technical knowledge is great, but strong communication, networking, and business acumen is what will separate you from the other technical folks.

Related Job Salaries

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Experience Affects Managing Consultant Salaries



National Average
$125,000


Entry-Level
up arrow 16%

Skills That Affect Managing Consultant Salaries

Business Strategy
up arrow 9%


IT Consulting
up arrow 3%

Project Management
up arrow 1%

Data Analysis
up arrow 1%

National Average
$125,000

Program Management
up arrow 1%

Change Management
up arrow 2%

Strategy
up arrow 3%

Human Resources
up arrow 5%

Financial Analysis
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
27%
10-19 years
48%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 87%
vision benefits Vision: 79% employee benefits None: 7%
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