How much does a Management Consultant make?

The average salary for a Management Consultant is $148,540 per year in United States. Salaries estimates are based on 4331 salaries submitted anonymously to Glassdoor by a Management Consultant employees in United States.

The highest salary for a Management Consultant in United States is $197,923 per year.

The lowest salary for a Management Consultant in United States is $112,557 per year.

If you are thinking of becoming a Management Consultant or planning the next step in your career, find details about the role, the career path and salary trajectory of a Management Consultant.

Management consultants are generally well-paid, with starting salaries nearing the six-figure range. This pay reflects the value they add to their client firms. Consultants with a Master of Business Administration degree (MBA) or a Juris Doctorate (JD) generally earn more money than consultants with a bachelor’s degree. Additionally, a career in management consulting positions candidates with the skillset and network to move into executive-level roles of their client firms including Chief Executive Officer (CEO) or Chief Operating Officer (COO).

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Glassdoor's anonymous management consultant ratings report that around 76% of people are satisfied with their current salary. For those looking to make more money, overtime, cash bonuses, and profit sharing can add $28,377.11 in additional pay every year.

The pay range for a management consultant is large, from $87,712.95 to $254,501.87. Salary usually scales with experience, and most people in this field have two to four years of experience. Average salary is $120,141.98, while total pay averages $148,519.09. If you've built enough experience in the average career path of a management consultant, consider applying for the next position up, a senior management consultant.

Do you want to earn more as a management consultant? If you have worked a similar job in the past, you may earn a higher starting salary. Because management consultants work in a large number of fields, such as engineering or banking, many switch industries to earn more. Having a Bachelor's or graduate degree can also open up higher-paying positions, particularly if your degree is relevant to the field you work in. Although certification usually isn't required, having one can also boost your pay. Certified Management Consultant is a common certificate earned by management consultants.

If you want to earn more as a management consultant, consider asking for a raise or searching for a new job. When deciding which you prefer to do, consider how much you like your current job, along with its opportunities for promotion and benefits. When asking for a raise, come prepared to discuss any notable work you have done recently. Negotiating a higher starting salary can be easier, as the company has just reviewed your past work and decided to hire you.