Management Consultant salary

Q: What state pays Management Consultants the most?

New Jersey pays Management Consultants the most in the United States, with an average salary of $119,093 per year, or $57.26 per hour.

Q: How do I know if I'm being paid fairly as a Management Consultant?

You know if you are being paid fairly as a Management Consultant if your pay is close to the average pay for the state you live in. For example, if you live in Maryland you should be paid close to $111,735 per year.

Q: Are management consultants highly paid?

Yes, management consultants are highly paid, with an average annual salary of $90,000. The sign-on bonuses for this job are usually around $5,000, and performance bonuses typically total around $16,000 annually.

Q: How much do McKinsey consultants make?

McKinsey entry-level consultants make an average of $90,000 to $110,000 per year. Higher education can result in a higher salary. McKinsey consultants that hold an MBA or similar MBA level education and experience average a salary of $233,000 per year. A higher salary will be a direct result of having higher education and or more experience for a McKinsey consultant's salary.

Q: How much do management consultants make?

Management consultants make an average of $83,000 per year in the United States. Management consultants that hold an MBA can make more, averaging approximately $150,000 per year. Due to COVID, there has been a steady rise in businesses seeking consulting services, which has resulted in a slight increase in management consultant salaries.

Q: How much do senior management consultants make?

Senior management consultants make an average of $120,000 annually. The work is demanding within a set time frame and involves extensive travel to be in direct communication during implemented changes.

Q: What does an entry-level management consultant make?

An entry-level management consultant makes an average of $80,000 to $100,000 a year. Salaries can vary depending on education level and how much experience you have. Even when applying to an entry-level management consultant position, having experience is often desired. This can also slightly increase your base salary. However, the main contributor to how much you make as an entry-level management consultant is dependent on your level of education.

Quoted Expert

Robin Cormier

Average management consultant salary

$99,360

$47.77 hourly rate

Entry-level management consultant salary

$72,000 yearly salary

Updated January 8, 2025

How much does a management consultant make?

The average management consultant salary in the United States is $99,360. Management consultant salaries typically range between $72,000 and $136,000 yearly. The average hourly rate for management consultants is $47.77 per hour.

Management consultant salary is impacted by location, education, and experience. Management consultants earn the highest average salary in New Jersey.

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Management consultant salary by:

Where can a Management Consultant earn more?

Compare salary by location

139k

119k

99k

79k

59k

Ashburn, VA$119,112

Richmond, KY$88,881

Compare salary by company

166k

146k

126k

106k

86k

Apple$136,272

Personify, Inc.$116,104

Management Consultant

Management Consultant salary estimates from across the web

Based on the latest salary information compiled by Zippia, Indeed, Glassdoor, Ziprecruiter, Comparably, Payscale and CareerExplorer, the average salary for a management consultant typically falls between $63,292 and $124,126.

zippia

$99,360yearly

glassdoor[1]

$121,563yearly

indeed[2]

$94,592yearly

comparably[3]

$124,126yearly

ZipRecruiter[4]

$63,292yearly

payscale[5]

$95,544yearly

CareerExplorer[6]

$87,183yearly

Average management consultant salary by state

The highest-paying states for management consultants are New Jersey, Maryland, and Massachusetts. The lowest average management consultant salary states are North Dakota, Florida, and Mississippi.

State View
County View

Average Salary:

Highest paying states for management consultants

Rank	State	Avg. Salary	Hourly Rate
1	New Jersey	$119,093	$57.26
2	Massachusetts	$110,041	$52.90
3	Illinois	$102,970	$49.50
4	North Carolina	$102,230	$49.15
5	Connecticut	$104,573	$50.28
6	New York	$105,175	$50.56
7	Texas	$103,359	$49.69
8	Washington	$106,562	$51.23
9	District of Columbia	$110,467	$53.11
10	Wisconsin	$106,151	$51.03
11	Rhode Island	$95,898	$46.10
12	Pennsylvania	$97,418	$46.84
13	New Hampshire	$100,231	$48.19
14	Oregon	$98,152	$47.19
15	Minnesota	$99,319	$47.75
16	Maryland	$111,735	$53.72
17	Alabama	$96,009	$46.16
18	California	$102,240	$49.15
19	Virginia	$102,745	$49.40
20	Ohio	$96,203	$46.25
21	Delaware	$94,184	$45.28
22	Oklahoma	$88,188	$42.40
23	Vermont	$90,531	$43.52
24	Georgia	$94,009	$45.20
25	Michigan	$92,738	$44.59
26	West Virginia	$90,718	$43.61
27	Missouri	$92,561	$44.50
28	Arizona	$89,148	$42.86
29	Nevada	$85,934	$41.31
30	Colorado	$95,360	$45.85
31	Alaska	$93,457	$44.93
32	Hawaii	$85,737	$41.22
33	Kentucky	$88,494	$42.55
34	South Dakota	$80,993	$38.94
35	South Carolina	$88,797	$42.69
36	Idaho	$85,995	$41.34
37	Tennessee	$85,558	$41.13
38	Maine	$89,390	$42.98
39	Iowa	$87,170	$41.91
40	Wyoming	$82,224	$39.53
41	Indiana	$84,678	$40.71
42	Louisiana	$85,439	$41.08
43	North Dakota	$79,725	$38.33
44	Utah	$75,398	$36.25
45	Kansas	$81,506	$39.19
46	New Mexico	$81,957	$39.40
47	Nebraska	$82,253	$39.54
48	Montana	$76,955	$37.00
49	Florida	$78,779	$37.87
50	Mississippi	$77,017	$37.03
51	Arkansas	$73,927	$35.54

Top management consultant jobs near you

Highest paying cities for management consultants

The highest-paying cities for management consultants are Jersey City, NJ, Washington, DC, and Boston, MA.

Rank	City	Avg. Salary	Hourly Rate
1	Jersey City, NJ	$119,112	$57.27
2	Washington, DC	$110,611	$53.18
3	Boston, MA	$109,998	$52.88
4	Richmond, CA	$107,930	$51.89
5	Seattle, WA	$107,167	$51.52
6	Milwaukee, WI	$106,361	$51.14
7	New York, NY	$105,383	$50.66
8	Hartford, CT	$104,513	$50.25
9	San Antonio, TX	$104,044	$50.02
10	Chicago, IL	$103,339	$49.68
11	Arlington, VA	$103,208	$49.62
12	Durham, NC	$103,172	$49.60
13	Minneapolis, MN	$99,334	$47.76
14	Philadelphia, PA	$97,718	$46.98
15	Cleveland, OH	$97,255	$46.76
16	Denver, CO	$95,288	$45.81
17	Atlanta, GA	$94,128	$45.25
18	Detroit, MI	$92,903	$44.66
19	Phoenix, AZ	$89,195	$42.88
20	Richmond, KY	$88,881	$42.73

Management Consultants are the most in-demand in these five cities:

Management Consultant salary details

A management consultant's salary ranges from $72,000 a year at the 10th percentile to $136,000 at the 90th percentile.

Average Management Consultant Salary Graph, Trends, and Summary

What is a management consultant's salary?

Percentile	Annual Salary	Monthly Salary	Hourly Rate
90th Percentile	$136,000	$11,333	$65
75th Percentile	$117,000	$9,750	$56
Average	$99,360	$8,280	$48
25th Percentile	$84,000	$7,000	$40
10th Percentile	$72,000	$6,000	$35

Highest paying management consultant jobs

The highest paying types of management consultants are senior management consultant, principal consultant, and strategy consultant.

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Contractor/Consultant	$84,811	$7,068	$40.77	64,573
Solutions Consultant	$94,839	$7,903	$45.60	103,093
Principal Consultant	$116,478	$9,706	$56.00	143,753
Operations Consultant	$87,229	$7,269	$41.94	122,880
Consultant	$78,912	$6,576	$37.94	171,733
Business Consultant	$87,214	$7,268	$41.93	128,033

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

Robin Cormier

Assistant Professor, Montana State University - Billings

I would rate starting salaries for graduates in the field of school counseling as average to above average. School counselors' median starting salaries range anywhere from $56,000 to $90,000 a year in the United States. While school counseling is not one of the highest paying career fields, it is a fulfilling career that provides a practical work and private life balance in stress level and flexibility. School counselors have opportunities to advance their careers and salary through years of experience and continuing education.

Top companies hiring management consultants now:

Which companies pay management consultants the most?

Management consultant salaries at Apple and L.E.K. Consulting are the highest-paying according to our most recent salary estimates. In addition, the average management consultant salary at companies like CITGO Petroleum and Google are highly competitive.

Rank	Company	Average Salary	Hourly Rate
1	Apple	$136,272	$65.52
2	L.E.K. Consulting	$134,412	$64.62
3	CITGO Petroleum	$127,700	$61.39
4	Google	$126,550	$60.84
5	Coalfire Systems Inc.	$123,838	$59.54
6	TASER Self-Defense	$123,444	$59.35
7	The Tipping Point	$123,033	$59.15
8	Genentech	$122,857	$59.07
9	IT Concepts	$121,885	$58.60
10	Fujitsu	$121,486	$58.41
11	Walmart	$121,185	$58.26
12	Siemens Enterprise Communications Inc	$121,143	$58.24
13	Slalom	$120,898	$58.12
14	Windward Consulting	$119,356	$57.38
15	DynTek	$118,479	$56.96
16	XMS Solutions	$118,107	$56.78
17	Roblox	$117,188	$56.34
18	OLR	$117,025	$56.26
19	CDK Global	$116,818	$56.16
20	Personify, Inc.	$116,104	$55.82

Wage gap by gender, race and education

$100,000$98,600$97,200$95,800$94,400$93,000

MaleFemale

Management Consultant salary by industry

The average management consultant salary varies across industries:

The average management consultant salary in the technology industry is $102,527, the highest of any industry.
The average management consultant salary in the finance industry is $94,546.
Management consultants in the government industry earn an average salary of $76,260, the lowest of any industry.

Highest paying industries for management consultants

Rank	Industry	Average Salary	Hourly Rate
1	Technology	$102,527	$49.29
2	Finance	$94,546	$45.45
3	Professional	$91,238	$43.86
4	Health Care	$89,397	$42.98
5	Government	$76,260	$36.66

High Paying Management Consultant Jobs

Management Consultant salary trends

The average management consultant salary has risen by $10,394 over the last ten years. In 2014, the average management consultant earned $88,966 annually, but today, they earn $99,360 a year. That works out to a 8% change in pay for management consultants over the last decade.

Compare management consultant salaries for cities or states with the national average over time.

Average management consultant salary over time

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

Management Consultant salary by year

Year	Avg. Salary	Hourly Rate	% Change
2025	$99,400	$47.77	+2.7%
2024	$96,600	$46.46	+1.9%
2023	$94,800	$45.56	+1.4%
2022	$93,500	$44.93	+1.4%
2021	$92,200	$44.32	+0.0%

Recently added management consultant salaries

Company	Job	Location	Date Added	Salary
Fidelity Talentsource LLC	Fidelity Talentsource LLC \| Wealth Management Planning Consultant-North LA CA	Thousand Oaks, CA	12/17/2024	$60,000
CVS Health	Utilization Management Nurse Consultant	Pine, AZ	12/16/2024	$54,283
PwC	FS Insurance Management Consultant-Manager	Charlotte, NC	12/16/2024	$100,000
Wipfli LLP	Asset Liability Management Consultant II	Atlanta, GA	12/16/2024	$60,000
Ohio State Fair	Wildlife Management Consultant	Athens, OH	12/16/2024	$51,465
Ramboll	Managing Consultant, Acoustics	New York, NY	12/16/2024	$111,000
Fidelity Talentsource LLC	Fidelity Talentsource LLC \| Wealth Management Planning Consultant-Bellevue, WA WA	Bellevue, WA	12/16/2024	$60,000
Bupa Group	Claims Management Consultant	Miami, FL	12/16/2024	$53,517
Myflfamilies	Operations & Mgmt Consultant II-SES	Macclenny, FL	12/16/2024	$44,060
DXC Technology	Servicenow Service Management Consultant	Noel, MO	12/15/2024	$73,100