The average salary for an Experienced Management Consultant with Change Management skills in Chicago, Illinois is $147,333.
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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 Business Strategy are correlated to pay that is above average. Skills that pay less than market rate include Process Improvement, Business Analysis, Project Management and Consulting 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 $72,865 based on 5 salaries. An early career Management Consultant with 1-4 years of experience earns an average total compensation of $85,854 based on 39 salaries. A mid-career Management Consultant with 5-9 years of experience earns an average total compensation of $103,553 based on 20 salaries. In their late career (20 years and higher), employees earn an average total compensation of $150,000.
Pay Difference by Location
Employees with Management Consultant in their job title in Los Angeles, California earn an average of 13.4% more than the national average. These job titles also find higher than average salaries in New York, New York (8.1% more). The lowest salaries can be found in Nashville, Tennessee (32.3% less), Minneapolis, Minnesota (18.6% less) and Washington, District of Columbia (15.1% less).
Years of Experience
This data is based on 69 survey responses.
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