The average salary for an Experienced Management Consultant in Chicago, Illinois is $134,011.
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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.
Management Consultant Job Listings
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Popular Skills for Management Consultant
Skills in Consulting Management, Business Strategy, Business Analysis and Change Management are correlated to pay that is above average. Skills that pay less than market rate include Project Management.
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 $70,532 based on 45 salaries. An early career Management Consultant with 1-4 years of experience earns an average total compensation of $83,633 based on 234 salaries. A mid-career Management Consultant with 5-9 years of experience earns an average total compensation of $108,831 based on 128 salaries. In their late career (20 years and higher), employees earn an average total compensation of $154,887.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Management Consultant in their job title in New York, New York earn an average of 9.1% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (7.9% more) and San Francisco, California (5.6% more). The lowest salaries can be found in Washington, District of Columbia (13.5% less), Atlanta, Georgia (10.2% less) and Dallas, Texas (9.8% less).
Years of Experience
This data is based on 428 survey responses.
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