The average salary for an Early-Career Management Consultant is $79,434.
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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. Proficiency with computers and mathematics is required, as much of the job involves doing research and analyzing data. The consultant may then create forecasts for the company’s outlook and find ways to measure the company’s performance. The consultant may cre…Read more
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.
Popular Employer Salaries for Management Consultant
The top respondents for the job title Management Consultant are from the companies Booz, Allen, and Hamilton, Accenture and Deloitte Consulting LLP. Reported salaries are highest at EY (Ernst & Young) where the average pay is $92,774. Other companies that offer high salaries for this role include Accenture and Deloitte, earning around $92,276 and $91,956, respectively. Booz, Allen, and Hamilton pays the lowest at around $67,773. KPMG, LLP and PricewaterhouseCoopers also pay on the lower end of the scale, paying $75,124 and $82,287, respectively.
Management Consultant Job Listings
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Popular Skills for Management Consultant
Skills in Consulting Management, Project Management, Business Strategy, Business Analysis and Change Management are correlated to pay that is above average.
Pay by Experience Level for Management Consultant
An entry-level Management Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $68,783 based on 603 salaries. A mid-career Management Consultant with 5-9 years of experience earns an average total compensation of $100,966 based on 1,682 salaries. An experienced Management Consultant with 10-19 years of experience earns an average total compensation of $122,077 based on 1,076 salaries. In their late career (20 years and higher), employees earn an average total compensation of $132,421.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Management Consultant in their job title in San Francisco, California earn an average of 16.5% more than the national average. These job titles also find higher than average salaries in New York, New York (7.5% more) and Chicago, Illinois (5.3% more). The lowest salaries can be found in Arlington, Virginia (5.8% less) and Washington, District of Columbia (4.3% less).
Years of Experience
This data is based on 4,008 survey responses.
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