Q: How much do principal consultants make?

Principal consultants make $121,210 per year. Annual incentives in addition to base pay can add an additional $15,000 to $20,000. Pay varies based on work history, education, and location.

Q: Is a principal consultant higher than a manager?

Yes, a principal consultant is higher than a manager. The difference between both is the scope and ownership of projects. A manager has a broad knowledge of processes and strategy. The manager organizes and directs collaborative project efforts. A principal consultant leads and manages a project, plus is responsible for the entire delivery.

Question 1

What is the difference between a principal consultant and a senior consultant?

Accepted Answer

The difference between a principal consultant and a senior consultant is in the scope of responsibility and oversight. A senior consultant manages analysts and junior consultants, while a principal consultant oversees large teams delivering an entire project.

Question 2

How much do principal consultants make?

Accepted Answer

Principal consultants make $121,210 per year. Annual incentives in addition to base pay can add an additional $15,000 to $20,000. Pay varies based on work history, education, and location.

Question 3

How much do principals make consulting?

Accepted Answer

Principals make between $116,000 and $175,000 through consulting, on average. This is a senior-level position, serving under the partner or director at a consulting firm. The principal works directly with clients and oversees teams through all phases of a project.

Question 4

How much does a principal at Deloitte Consulting make?

Accepted Answer

A principal consultant at Deloitte makes $151,650 a year, on average. Deloitte is a multinational consulting firm with offices in over 150 countries. Deloitte provides financial advice, audits, risk advice, tax, and legal services. It is the third-largest privately-owned company in the US.

Question 5

Is a principal consultant higher than a manager?

Accepted Answer

Yes, a principal consultant is higher than a manager. The difference between both is the scope and ownership of projects. A manager has a broad knowledge of processes and strategy. The manager organizes and directs collaborative project efforts. A principal consultant leads and manages a project, plus is responsible for the entire delivery.

Question 6

How long does it take to become a principal consultant?

Accepted Answer

It takes about nine years to become a principal consultant. The first step is obtaining a bachelor's degree in an industry-related field, and this will take four years. Typical degrees for principal consulting are business management, finance, or computer technology.

Frequently asked questions about principal consultants

Questions about becoming a principal consultant