A big portion of take-home pay for Managing Consultants — about one-half, in fact — arrives through commissions. This profession's median overall income is approximately $123K. Final cash compensation to Managing Consultants varies from around $92K to approximately $176K; choice pay grades include potential for bonuses and profit sharing as high as $31K and $41K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level and the specific company. Generally, women make up less than a third of all Managing Consultants who answered the questionnnaire. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction is high and work is enjoyable for most Managing Consultants. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$87,277 - $159,814
(Median)
$87K
$120K
$160K
MEDIAN: $117,778
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$60K$120K$180K
Salary
$87,277 - $159,814  
   
Bonus
$2,018 - $30,861  
Profit Sharing
$1,328 - $41,106  
Commission
$58,958  
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).
)
$91,674 - $176,247  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 269
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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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Popular Employer Salaries for Managing Consultant


Employees of International Business Machines (IBM) Corp. can expect to make the most, with the company offering a median salary of $123K; however, pay is widely dispersed from bottom to top, ranging from $89K to $157K.

Managing Consultants will find the worst pay at Navigant Consulting, Inc., where the median salary crawls in at $99K. Furthermore, compensation is curbed at $124K, leaving little room for growth.

Popular Skills for Managing Consultant


Survey takers working as Managing Consultants report using a large range of professional skills. Most notably, facility with Security Testing and Auditing, Strategic Planning, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 29 percent, 14 percent, and 11 percent, respectively. Skills that seem to negatively impact pay include Financial Analysis, Data Analysis, and Project Management. Most people familiar with Consulting Management also know IT Consulting and Data Analysis.

Pay by Experience Level for Managing Consultant

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


Managing Consultants do not generally earn higher incomes from more experience in the field. Whereas the median salary for inexperienced employees is approximately $100K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $113K. Managing Consultants bring in $130K after working for 10 to 20 years. 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 $136K.

Pay Difference by Location

National Average: $123,156

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

Philadelphia is home to an above-average pay rate for Managing Consultants, 20 percent higher than the national average. Managing Consultants will also find cushy salaries in Atlanta (+20 percent), Dallas (+8 percent), New York (+8 percent), and Miami (+7 percent). Raleigh ranks last in the field for pay, reporting salaries 18 percent below the national average. Employers also pay below the national average in Chicago (5 percent lower) and Washington (4 percent lower).

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Experience Affects Managing Consultant Salaries



National Average
$123,000



Skills That Affect Managing Consultant Salaries

Security Testing and Auditing
up arrow 29%

Strategic Planning
up arrow 14%

Business Strategy
up arrow 11%


Consulting Management
up arrow 1%

Program Management
up arrow 1%

Change Management
0%

National Average
$123,000

Strategy
up arrow 1%

Human Resources
up arrow 3%

Project Management
up arrow 4%


Financial Analysis
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

1-4 years
10%
5-9 years
26%
10-19 years
48%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 89%
medical benefits
Vision: 79%
dental benefits
None: 4%
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