Management Consultant Salary

The average salary for a Management Consultant is $86,222 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in IT Consulting is associated with high pay for this job. Experience has a moderate effect on income for this job.

$56,215 - $140,929
$56K
$85K
$140K
MEDIAN: $85,260
10%
50%
90%

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$18.08 - $177
$18
$62
$180
MEDIAN: $61.94
10%
50%
90%

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$0$164K
Salary $56,215 - $140,929
Bonus $1,933 - $24,436
Profit Sharing $515 - $15,006
Commission $974 - $30,410
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).
)
$56,934 - $164,408
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 3,255
Hourly Data $0$176
Hourly Rate $18.08 - $177
Hourly Tips $1.36
Overtime $25.30 - $93.53
Annual Data $0$164K
Bonus $1,933 - $24,436
Commission $974 - $30,410
Profit Sharing $515 - $15,006
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).
)
$56,934 - $164,408
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 272

Job Description for Management Consultant

A management consultant helps a company improve aspects of business, such as productivity, management, and company image. The management consultant will identify current problems and potential risks and help the company to overcome them.

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Management Consultant Tasks

  • Develop, recommend and implement business improvements for companies.
  • May include modeling, analysis and research for specific business design efforts.
  • Train clients on business development processes.

Common Career Paths for Management Consultant


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Management Consultant Job Listings

Popular Employer Salaries for Management Consultant

Popular Skills for Management Consultant

Pay by Experience Level for Management Consultant

Pay by Experience for a Management Consultant has a positive trend. An entry-level Management Consultant with less than 5 years of experience can expect to earn an average total compensation of $78,000 based on 1,814 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Management Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $107,000 based on 977 salaries. An experienced Management Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $132,000 based on 660 salaries. A Management Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $155,000 based on 321 salaries.

Pay Difference by Location

National Average: $91,637

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

Management Consultant Reviews

Q: What is it like working as a Management Consultant?

Management Consultant in Washington:
"Diverse Work, Homogenous Workforce."
Pros: The diversity of client work is appealing. Depending on your company, you can have access to subject matter experts across a multitude of industries.
Cons: Minority Talent is not sought after or developed appropriately. As a minority you find yourself working doubly hard for the same opportunities and treatment as your coworkers. Management Consulting firms lack the workforce diversity you'd find at other workplaces. The lack of diversity of thought and experience can stifle a consultancies ability to positively disrupt in a focal industry or engagement.

Management Consultant in Livonia:
"Interesting work, employees I supervise are frustrating."
Pros: Very flexible company, good opportunity for growth, executives are extremely helpful and perceptive.
Cons: Many management gaps and flaws. Almost not enough control over processes and goals.

Management Consultant in Walnut Creek:
Pros: Flexibility, downtime, ability to navigate through different progjects.
Cons: Repetitive work that is often grunt work.

Management Consultant in Cleveland:
"Great corporate culture with high stress levels."
Pros: The corporate SecureState is pretty amazing. While the work is intense, we live by the "Work hard, Play hard" mentality.
Cons: A year at SecureState is like two years at any other job.

Management Consultant in San Francisco:
"Hardwork but rewarding."
Pros: Being challenged, working with intelligent people, teamwork, client service.
Cons: Hours, some work is tedious and repetitive.

Management Consultant in Alexandria:
"A great way to improve a client's adaptability."
Pros: Watching a client improve their business and culture by implementing our concepts for organizational management and leadership.
Cons: A lot of travel.

Management Consultant in Atlanta:
"Lots of work. Not much in return."
Pros: Some clients are fun. Clients will typically allow the consultants to participate in their ordeals.
Cons: Travel travel travel. It's fun for a while but it really wears you down after a while. Most people stay in this field a few years and jump ship. Bonuses may be paid to keep you around but my advice get out after a few years.

Related Job Salaries

Key Stats for Management Consultant

Gender

Female
39 %
Male
61 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 503 votes.
Less than 1 year
8%
1-4 years
41%
5-9 years
25%
10-19 years
16%
20 years or more
10%

Experience Affects Management Consultant Salaries

▲69%

▲44%

▲17%

National Average
$92,000

▼15%

Skills That Affect Management Consultant Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 503 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
8%
1-4 years
41%
5-9 years
25%
10-19 years
16%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
no benefits
None: 12%