The average salary for a Mid-Career Management Consultant in Chicago, Illinois is $108,463.
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What Do Management Consultants Do?
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.
Management Consultant Job Listings
What Are Popular Skills for Management Consultants?
Skills in Consulting Management, Business Strategy and Business Analysis are correlated to pay that is above average. Skills that pay less than market rate include Process Improvement and Project Management.
What is the Pay by Experience Level for Management Consultants?
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 $70,921 based on 46 salaries. An early career Management Consultant with 1-4 years of experience earns an average total compensation of $83,306 based on 233 salaries. An experienced Management Consultant with 10-19 years of experience earns an average total compensation of $131,721 based on 65 salaries. In their late career (20 years and higher), employees earn an average total compensation of $154,839.
Pay Difference by Location
Employees with Management Consultant in their job title in San Francisco, California earn an average of 14.7% more than the national average. These job titles also find higher than average salaries in New York, New York (9.3% more). The lowest salaries can be found in Arlington, Virginia (14.6% less), Washington, District of Columbia (13.4% less) and Atlanta, Georgia (8.3% less).
Years of Experience
This data is based on 363 survey responses.
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