Business & Finance

Management Consultant Salary

Management consultants analyze organizational challenges and develop strategies to improve efficiency, profitability, and operations for businesses across industries.

Median Salary
$99,410
Mean Salary
$109,800
Total Employed
958,700
Job Growth
+10%

Management Consultant Salary by Experience Level

Entry-level management consultants earn around $60,000 per year, while mid-career professionals earn $100,000. Senior-level management consultants can earn $165,000 or more.

Entry Level (0-2 yrs)
$60,000
Mid Level (3-7 yrs)
$100,000
Senior Level (8+ yrs)
$165,000

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Salary Percentile Breakdown

The salary range for management consultants varies significantly. The bottom 10% earn $55,200, while the top 10% earn $179,600.

Percentile Annual Salary
10th Percentile $55,200
25th Percentile $72,800
50th Percentile (Median) $99,410
75th Percentile $137,000
90th Percentile $179,600

Management Consultant Salary by State

Management Consultant salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $168,997, while Mississippi offers the lowest at $82,510.

State Median
#1 Hawaii $168,997 Details →
#2 Massachusetts $141,162 Details →
#3 California $137,186 Details →
#4 New York $133,209 Details →
#5 Alaska $123,268 Details →
#6 New Jersey $122,274 Details →
#7 Connecticut $119,292 Details →
#8 Maryland $114,322 Details →
#9 Washington $114,321 Details →
#10 Oregon $109,351 Details →
#11 Virginia $108,357 Details →
#12 New Hampshire $106,369 Details →
#13 Rhode Island $106,369 Details →
#14 Delaware $105,375 Details →
#15 Colorado $104,381 Details →
#16 Illinois $100,404 Details →
#17 Vermont $100,404 Details →
#18 Pennsylvania $99,410 Details →
#19 Minnesota $98,416 Details →
#20 Florida $97,422 Details →
#21 Maine $97,422 Details →
#22 Arizona $96,428 Details →
#23 Nevada $96,428 Details →
#24 Utah $96,428 Details →
#25 Georgia $94,440 Details →
#26 Montana $94,440 Details →
#27 North Carolina $94,440 Details →
#28 Idaho $93,445 Details →
#29 New Mexico $92,451 Details →
#30 Nebraska $91,457 Details →
#31 Texas $91,457 Details →
#32 Wisconsin $91,457 Details →
#33 Wyoming $91,457 Details →
#34 Louisiana $90,463 Details →
#35 Indiana $89,469 Details →
#36 Michigan $89,469 Details →
#37 North Dakota $89,469 Details →
#38 Ohio $89,469 Details →
#39 Iowa $88,475 Details →
#40 South Carolina $88,475 Details →
#41 Tennessee $88,475 Details →
#42 Missouri $87,481 Details →
#43 South Dakota $87,481 Details →
#44 Alabama $86,487 Details →
#45 Kansas $86,487 Details →
#46 Kentucky $86,487 Details →
#47 Oklahoma $85,493 Details →
#48 Arkansas $83,504 Details →
#49 West Virginia $83,504 Details →
#50 Mississippi $82,510 Details →

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Key Responsibilities

  • ● Analyze client business operations and identify improvement areas
  • ● Develop strategic recommendations and implementation plans
  • ● Conduct research, interviews, and data analysis
  • ● Present findings and recommendations to senior leadership
  • ● Guide organizations through change management initiatives

Top Skills

Strategic Planning Data Analysis Presentation Change Management Process Improvement Client Management

Education Required

Bachelor's degree

Job Outlook

Faster than average — projected 10% growth over the next decade

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Frequently Asked Questions About Management Consultant Salaries

How much does a Management Consultant make per year? ▼
The median management consultant salary in the United States is $99,410 per year. Entry-level positions start around $60,000, while senior-level professionals earn up to $165,000 annually. The mean (average) salary is $109,800.
How much does a Management Consultant make per hour? ▼
Based on the national median salary of $99,410 per year, a management consultant earns approximately $48 per hour assuming a standard 2,080-hour work year. Hourly rates vary by experience, location, and employer.
What is the highest paying state for management consultants? ▼
Hawaii is the highest paying state for management consultants, with a median salary of $168,997. Other top-paying states include Massachusetts ($141,162) and California ($137,186).
What education do you need to become a management consultant? ▼
Most management consultant positions require a bachelor's degree. Key skills include Strategic Planning, Data Analysis, Presentation, Change Management. Relevant certifications and hands-on experience can also strengthen your qualifications.
What is the job outlook for management consultants? ▼
Employment for management consultants is projected to grow 10% over the next decade, which is faster than average. There are currently 958,700 management consultants employed in the United States.
How much does an entry-level management consultant make? ▼
An entry-level management consultant with 0-2 years of experience earns around $60,000 per year. With 3-7 years of experience, pay increases to approximately $100,000. The bottom 10% of earners make $55,200, while the top 10% earn $179,600.