The average salary for a Business Consultant is $73,925.
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What Do Business Consultants Do?
Problem-solving expertise plays an important part in how successful the company is or can be. Though a business consultant can specialize in many different areas, their duties typically are somewhat similar. Most of the time, these consultants are hired during the start-up process of a new business, and it is their job to revitalize and organize the company to help it run more efficiently. Business consultants also may be in charge of improving a part of the business that is in dire straits. In …Read more
Business Consultant Tasks
- Coordinate with partners to ensure overall business solution is positioned and implemented on a global scale.
- Build rapport with external vendors in order to support business objectives.
- Develop and update high-level roadmap of business initiatives and goals.
- Modify programs to enhance likelihood of meeting business goals.
- Balance customer requests and requirements with technical constraints.
Job Satisfaction for Business Consultant
Popular Employer Salaries for Business Consultant
The top respondents for the job title Business Consultant are from the companies Humana, Inc., EY (Ernst & Young) and Booz, Allen, and Hamilton. Reported salaries are highest at Slalom Consulting where the average pay is $93,845. Other companies that offer high salaries for this role include Deloitte Consulting LLP and Deloitte, earning around $83,471 and $77,159, respectively. Humana, Inc. pays the lowest at around $68,414. EY (Ernst & Young) and International Business Machines (IBM) Corp. also pay on the lower end of the scale, paying $71,399 and $72,404, respectively.
Business Consultant Job Listings
What Are Popular Skills for Business Consultants?
Skills in Business Analysis, Business Strategy, Project Management and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Client Interaction.
What is the Pay by Experience Level for Business Consultants?
An entry-level Business Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $63,513 based on 287 salaries. An early career Business Consultant with 1-4 years of experience earns an average total compensation of $69,650 based on 1,242 salaries. A mid-career Business Consultant with 5-9 years of experience earns an average total compensation of $80,137 based on 734 salaries. An experienced Business Consultant with 10-19 years of experience earns an average total compensation of $85,620 based on 549 salaries. In their late career (20 years and higher), employees earn an average total compensation of $96,107.
Pay Difference by Location
Employees with Business Consultant in their job title in Seattle, Washington earn an average of 8.2% more than the national average. These job titles also find higher than average salaries in New York, New York (6.5% more) and Washington, District of Columbia (5.6% more). The lowest salaries can be found in Atlanta, Georgia (1.2% less).
Years of Experience
This data is based on 3,123 survey responses.