Business & Finance Newark, NJ Pop. 311,549

Management Consultant Salary in Newark, New Jersey

The median management consultant salary in Newark, NJ is $119,292 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.

City Median
$119,292
vs State Avg
$-2,982
vs National
+$19,882
Cost of Living
112%

Management Consultant Salary in Newark by Experience

In Newark, an entry-level management consultant earns around $72,000, while experienced professionals earn up to $198,000 per year. The local cost of living index is 112% of the national average.

Entry Level (0-2 yrs)
$72,000
+$12,000 vs national
Mid Level (3-7 yrs)
$120,000
+$20,000 vs national
Senior Level (8+ yrs)
$198,000
+$33,000 vs national

Salary Percentiles in Newark, NJ

Percentile Newark
10th Percentile $66,240
25th Percentile $87,360
Median (50th) $119,292
75th Percentile $164,400
90th Percentile $215,520

Management Consultant Salary in Other New Jersey Cities

How to Become a Management Consultant in Newark

Education

Most management consultant positions require a bachelor's degree. Newark and the surrounding New Jersey area have institutions offering relevant programs.

Key Skills

Strategic PlanningData AnalysisPresentationChange ManagementProcess ImprovementClient Management

Job Outlook

Nationally, management consultant employment is projected to grow 10% over the next decade (faster than average). Demand in Newark may vary based on local industry and population growth.