Management Consultant Salary in Memphis, TN: $85,493 (2026)

Management Consultant Pay in Memphis: What to Expect (2026)

Memphis offers a median management consultant salary of $85,493, which is $2,982 below the Tennessee state average of $88,475. Compared to the national median of $99,410, Memphis pays below the national benchmark for this role.

One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $85,493 salary stretches further here — equivalent to roughly $99,410 in an average-cost city. This makes Memphis an attractive option for management consultants seeking strong real-dollar compensation.

The salary range for management consultants in Memphis spans from $47,472 at the 10th percentile to $154,456 at the 90th percentile — a $106,984 spread. Entry-level professionals start around $51,600, while senior management consultants with 8+ years of experience can earn up to $141,900. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.

Management Consultant Salary in Memphis by Experience

In Memphis, an entry-level management consultant earns around $51,600, while experienced professionals earn up to $141,900 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)

$51,600

$-8,400 vs national

Mid Level (3-7 yrs)

$86,000

$-14,000 vs national

Senior Level (8+ yrs)

$141,900

$-23,100 vs national

Percentile	Memphis	TN State	National
10th Percentile	$47,472	$49,128	$55,200
25th Percentile	$62,608	$64,792	$72,800
Median (50th)	$85,493	$88,475	$99,410
75th Percentile	$117,820	$121,930	$137,000
90th Percentile	$154,456	$159,844	$179,600

Percentile

Memphis

10th Percentile

$47,472

25th Percentile

$62,608

Median (50th)

$85,493

75th Percentile

$117,820

90th Percentile

$154,456

How to Become a Management Consultant in Memphis

Education

Most management consultant positions require a bachelor's degree. Memphis and the surrounding Tennessee 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 Memphis may vary based on local industry and population growth.

Frequently Asked Questions: Management Consultant Salary in Memphis

How much does a Management Consultant make in Memphis, TN? ▼

The median management consultant salary in Memphis, Tennessee is $85,493 per year, which is 14% below the national median of $99,410. Salaries range from $47,472 (10th percentile) to $154,456 (90th percentile).

How much does a Management Consultant make per hour in Memphis? ▼

Based on the median annual salary of $85,493, a management consultant in Memphis earns approximately $41 per hour assuming a standard 2,080-hour work year.

How does Memphis compare to the Tennessee state average for management consultant pay? ▼

Memphis's median management consultant salary of $85,493 is 3.4% below the Tennessee state average of $88,475. The local cost of living index is 86% of the national average.

What is the cost of living in Memphis, TN? ▼

Memphis has a cost of living index of 86% compared to the national average. This means a management consultant salary of $85,493 in Memphis has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a management consultant in Memphis? ▼

Most management consultant positions in Memphis require a bachelor's degree. Key skills include Strategic Planning, Data Analysis, Presentation, Change Management. The job market is projected to grow 10% nationally over the next decade.

Management Consultant Salary in Memphis, Tennessee