Average Management Consultant Salary
$95,000 yearly
$45.73 hourly
Updated August 18, 2021
$70,000
10 %
$95,000
Median
$128,000
90 %
What Is The Average Management Consultant Salary?
The average management consultant salary is $95,108 per year, or $45.73 per hour, in the United States. In terms of salary range, an entry level management consultant salary is roughly $70,000 a year, while the top 10% makes $128,000. If you like following the crowd, technology and professional companies tend to attract the most workers in this field. But if you're in it for the money, then you'll want to seek out technology, finance, and health care companies, as employees in each industry have reported the highest salaries. As most things go, location can be critical. New Jersey, Maryland, Washington, Connecticut, and Massachusetts provide the highest management consultant salaries.
PercentileascdescAnnual SalaryascdescMonthly SalaryascdescHourly Rateascdesc
90th Percentile
$128,000
$10,667
$62
75th Percentile
$111,000
$9,250
$53
Average
$95,108
$7,926
$46
25th Percentile
$81,000
$6,750
$39
10th Percentile
$70,000
$5,833
$34

Average Management Consultant Salary By State

The darker areas on the map show where management consultants earn the highest salaries across all 50 states.

Average Salary

Management Consultant average salary by State

StateascdescAvg. salaryascdescHourly rateascdesc
Alabama
$95,287
$45.81
Alaska
$74,752
$35.94
Arizona
$80,057
$38.49
Arkansas
$76,240
$36.65
California
$88,891
$42.74
Colorado
$94,075
$45.23
Connecticut
$108,466
$52.15
Delaware
$97,112
$46.69
District of Columbia
$106,143
$51.03
Florida
$64,728
$31.12
Georgia
$87,579
$42.11
Hawaii
$56,263
$27.05
Idaho
$93,988
$45.19
Illinois
$95,979
$46.14
Indiana
$89,868
$43.21
Iowa
$85,949
$41.32
Kansas
$83,383
$40.09
Kentucky
$87,133
$41.89
Louisiana
$82,055
$39.45
Maine
$93,394
$44.90
Maryland
$111,864
$53.78
Massachusetts
$107,198
$51.54
Michigan
$90,061
$43.30
Minnesota
$89,364
$42.96
Mississippi
$70,812
$34.04
Missouri
$89,964
$43.25
Montana
$80,335
$38.62
Nebraska
$88,720
$42.65
Nevada
$84,498
$40.62
New Hampshire
$104,845
$50.41
New Jersey
$112,913
$54.29
New Mexico
$73,011
$35.10
New York
$103,919
$49.96
North Carolina
$98,060
$47.14
North Dakota
$80,256
$38.58
Ohio
$94,001
$45.19
Oklahoma
$98,794
$47.50
Oregon
$97,375
$46.81
Pennsylvania
$96,057
$46.18
Rhode Island
$98,695
$47.45
South Carolina
$84,420
$40.59
South Dakota
$77,807
$37.41
Tennessee
$86,788
$41.73
Texas
$91,444
$43.96
Utah
$85,012
$40.87
Vermont
$97,500
$46.88
Virginia
$105,706
$50.82
Washington
$110,802
$53.27
West Virginia
$90,996
$43.75
Wisconsin
$96,783
$46.53
Wyoming
$81,411
$39.14

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Highest Paying Cities For Management Consultant

0 selections
CityascdescAvg. salaryascdescHourly rateascdesc
Jersey City, NJ
$113,404
$54.52
Seattle, WA
$112,093
$53.89
McLean, VA
$107,928
$51.89
Boston, MA
$107,200
$51.54
Washington, DC
$106,276
$51.09
New York, NY
$104,051
$50.02

The largest raises come from changing jobs.

See what's out there.

Average Management Consultant Salary Over Time

Compare salaries for individual cities or states with the national average.

Location
    YearascdescAvg. salaryascdescHourly rateascdesc% Changeascdesc
    2021
    $95,100
    $45.73
    +1.4%
    2020
    $93,800
    $45.09
    +1.4%
    2019
    $92,500
    $44.48
    +0.0%
    2018
    $92,500
    $44.47
    +0.5%
    2017
    $92,000
    $44.23
    +1.2%

    How Much Do Management Consultants Make In Different Industries?

    Management consultant salaries can vary on many factors, including what industry a job is in. In fact, jobs with technology, finance, and health care companies tend to be the highest paying. Furthermore, a management consultant can make a yearly salary of $98,462 while working for technology companies. All the while, other management consultants are making $90,177 at finance companies and $86,728 at health care companies. One industry management consultants may want to avoid is the professional industry as it offers the lowest average salary at $84,121.
    RankIndustryAverage Management Consultant SalaryManagement Consultant Salary Range
    1
    Technology
    $98,462
    $72k
    $114k
    2
    Finance
    $90,177
    $72k
    $114k
    3
    Health Care
    $86,728
    $72k
    $114k
    4
    Professional
    $84,121
    $72k
    $114k

    High Paying Management Consultant Jobs

    Average JOB Salary by Field

    Contractor/Consultant

    Avg. salary: $83,003

    A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work. On the other hand, a consultant is a skilled independent businessperson who provides expert teaching and training in a specific market by assisting existing staff for the improvement of operations, problem-solving, and development of strategies. His/her role is to assess clients' needs and provide expert advice and opinion. However, both individuals are not employees, since they came from outside of the organization to perform such services.
    52,012 Contractor/Consultant Jobs
    Solutions Consultant

    Avg. salary: $86,810

    A solutions consultant is a professional who has an in-depth knowledge of technology that can help a company to overcome issues, increase sales, and have a better connection with their customers. Solutions consultants are responsible for heading the installment of customized software solutions and train dealers and customer sales engineers to administer the customized solution. They represent the company by attending tradeshows and events to demonstrate their company's technology. Solutions consultants must also ensure to demonstrate technical feasibility through beta tests plus trial programs.
    76,721 Solutions Consultant Jobs
    Principal Consultant

    Avg. salary: $111,331

    A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
    101,644 Principal Consultant Jobs
    Operations Consultant

    Avg. salary: $82,011

    The duties of an operations consultant may vary in one's place or industry of employment. Typically, their responsibilities revolve around working with clients to determine a business's strengths and weaknesses, identifying areas needing focus and development, and utilizing expertise in devising cost-effective strategies for improvement. Moreover, an operations consultant must produce evaluation and progress reports, facilitate budget coordination and training activities, and introduce new technologies. It is also essential to implement the company's policies and regulations, all while adhering to their vision and mission.
    96,814 Operations Consultant Jobs
    Consultant

    Avg. salary: $74,667

    Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
    153,002 Consultant Jobs
    Business Consultant

    Avg. salary: $85,390

    A business consultant is a professional who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.
    101,207 Business Consultant Jobs

    Management Consultant Salaries By Years Of Experience

    The salary for a management consultant can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.
    Experience LevelascdescAvg. SalaryascdescHourly Rateascdesc
    Entry Level
    $50,500
    $24.27
    Mid Level
    $79,800
    $38.38
    Senior Level
    $134,000
    $64.20

    Which Companies Pay Management Consultants The Most?

    If you want to get paid the most as a management consultant, being employed by a company such as Electronic Data Systems or Microsoft would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Oracle and Synopsys also report highly competitive salaries for management consultants.
    Company

    How would you rate the starting salaries for Management Consultants, as well as the prospects for salary advancement?

    Angela Grotto Ph.D.

    Associate Professor of Management, Manhattan College


    1. In general, the starting salaries for business graduates are outstanding. Still, they can vary greatly, depending on major (e.g., finance vs. marketing), location (higher in metro areas), industry (e.g., tech vs. retail), and experience (think internships). Do your homework - use sites such as Salary.com or Payscale to learn the starting salaries for jobs you are interested in, and then use it when you get to the negotiation stage.
    2. Even if you start on the low end of a salary range for a job, there is always the potential to increase your salary in any industry. You can improve your salary through vertical advancement (i.e., promotions) and lateral advancement and development (e.g., more years of experience, obtaining an MBA, developing new skill sets, expatriate assignments, etc.).
    3. Remember that your starting salary sets the trajectory for your future salary prospects, so do your homework to determine appropriate compensation for the job, given your experience, education, and location. Then, hone your negotiation skills - especially if you do not feel comfortable or confident negotiating - to get the salary you deserve right from the start, and it sets you on the right path.
    Show more

    Recently Added Management Consultant Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Accenture
    SAP Transportation Management Consultant
    SAP Transportation Management Consultant
    Columbus, OH
    08/31/2021
    $72,400
    08/31/2021
    Accenture
    Public Service Northeast Management Consultant
    Public Service Northeast Management Consultant
    New York, NY
    08/31/2021
    $119,000
    08/31/2021
    Accenture
    SAP Transportation Management Consultant
    SAP Transportation Management Consultant
    Detroit, MI
    08/31/2021
    $72,400
    08/31/2021
    Amerisourcebergen Corporation-Corporate
    Managing Consultant, Pharmacy Solutions
    Managing Consultant, Pharmacy Solutions
    Ione, OR
    08/29/2021
    $116,700
    08/29/2021
    Gables Search Group
    Care Management Consultant-Population Health(Healthcare Setting)
    Care Management Consultant-Population Health(Healthcare Setting)
    Columbus, OH
    08/27/2021
    $55,000
    08/27/2021
    Accenture Contractor Jobs
    Treasury Management Consultant
    Treasury Management Consultant
    Saint Louis, MO
    08/27/2021
    $119,000
    08/27/2021
    Accenture Contractor Jobs
    Industry X-Management Consultant Midwest
    Industry X-Management Consultant Midwest
    Minneapolis, MN
    08/27/2021
    $119,000
    08/27/2021
    Accenture Contractor Jobs
    Treasury Management Consultant
    Treasury Management Consultant
    Overland Park, KS
    08/27/2021
    $119,000
    08/27/2021
    IBM Corporation
    SAP Environmental Health and Safety (EHS) Managing Consultant
    SAP Environmental Health and Safety (EHS) Managing Consultant
    Chicago, IL
    08/27/2021
    $105,000
    08/27/2021
    Accenture Contractor Jobs
    Identity & Access Management Consulting Consultant (IAM)
    Identity & Access Management Consulting Consultant (IAM)
    Seattle, WA
    08/26/2021
    $84,300
    08/26/2021

    Average Management Consultant Salary by Demographic

    Management Consultant Gender Pay Gap

    male-income
    Male Income
    $101,770
    female-income
    Female Income
    $98,039
    Median Management Consultant Income by Race
    Asian management consultants have the highest average salary compared to other ethnicities. Black or african american management consultants have the lowest average salary at $96,524.
    $105,000
    $103,000
    $101,000
    $99,000
    $97,000
    $95,000
    Unknown
    White
    Black or African American
    Asian
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    Unknown$100,511
    White$101,083
    Black or African American$96,524
    Asian$103,423
    Hispanic or Latino$97,980
    Average Management Consultant Salary by Education Level
    Management consultants with a Doctorate degree earn more than those without, at $112,711 annually. With a Masters degree, management consultants earn a median annual income of $110,642 compared to $101,770 for management consultants with an Bachelors degree.
    $114,000
    $111,000
    $108,000
    $105,000
    $102,000
    $99,000
    Master's Degree
    Bachelor's Degree
    Doctorate Degree
    Educationascdesc
    Salaryascdesc
    Master's Degree$110,642
    Bachelor's Degree$101,770
    Doctorate Degree$112,711