Management Consultant Salary

By Henry R. Steele - January 8, 2018
Reading Time: 10 minutes

The following article discusses the career path of Management Consultant. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Management Consultants.

Job Duties

Management consultants ensure that the company can improve different key elements of the business. This could be the company’s image, its management, or overall productivity, for instance. Management consultants look for potential risks and current problems, and put measures in place to overcome them.

They works with a lot of data. They create forecasts that enable the business to understand its outlook and how they currently perform. They develop diagrams of the processes within the organization and determine how these can be made better. They write coherent reports on this, attending regular meetings and keeping both the organization and the general public informed about developments.

It is also quite common for them to manage the operations they are trying to improve on. This enables them to mentor the existing manager on how to improve processes, while at the same time gaining a better understanding of the issues facing the organization as a whole.

Other job duties of a management analyst are:

  • To create new business improvement plans, make recommendations based on those, and help to implement them
  • To research, analyze, and model for specific designs and strategies within an organization
  • To train internal staff on the newly developed business processes

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 806,400 management analysts in 2016. The largest employers of these professionals were:

  • Professional, scientific, and technical services: 30%
  • Self-employed workers: 17%
  • Government: 17%
  • Finance and insurance: 11%
  • Management of companies and enterprises: 5%

How to Become

It is common for a management consultant to be certified as a project management professional. This means they must hold a bachelor’s degree as a minimum, but a master’s degree, and particularly the master of business administration (MBA), is more common. Additionally, they usually have experience managing specific areas of business.

Education Requirements

While the majority of management consultants have a bachelor’s degree at least, it is now increasingly common for a master’s to be required, particularly the master of business administration (MBA). Some also hold additional certifications, such as Certified Management Consultant (CMC). Of importance is that a degree includes courses in subjects such as computer and information science, psychology, marketing, finance, accounting, economics, management, and business.

The CMC certification can be obtained through the Institute of Management Consultants USA (IMC USA). To obtain this, candidates must have sufficient education and experience, present reviews from clients, and pass a written examination and an interview. The examination focuses on the code of ethics as set by the IMC USA. Re-certification is required every three years.

Generally, management consultants will start at entry level positions, growing into consultancy. Some work as auditors, accountants, market research analysts, or computer systems analysts, for instance. Eventually, they grow through internal and external promotions into the position of management consultant.

Traits & Qualities

Traits & Qualities:

The most effective management consultants have the following traits to some degree or other:

  • Excellent communication skills, both verbal and written
  • Strong analytical skills
  • Problem solving skills
  • Leadership skills
  • Conflict resolution skills

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Management Consultant was $88,374. This number is estimated from over 861,424 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $46.03 and monthly of $7,365.

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$27,000

$184,000

Salary Distribution

Salary by State

The following section lists Management Consultant salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Iowa had the largest quoted salary of $97,804 while Rhode Island had the smallest quoted salary of $397.

Alabama Illinois North Carolina South Carolina
Arkansas Indiana Nebraska South Dakota
Arizona Kansas New Jersey Tennessee
California Kentucky New Mexico Texas
Colorado Louisiana Nevada Utah
Connecticut Massachusetts New York Virginia
DC Maryland Ohio Washington
Florida Michigan Oklahoma Wisconsin
Georgia Minnesota Oregon
Iowa Missouri Pennsylvania
Idaho Mississippi Rhode Island
Alabama$84,850 Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$42,000

$132,000

Salary Distribution
Arkansas$82,240 Rank: 36th

The average salary ranks 36th among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$41,000

$135,000

Salary Distribution
Arizona$84,499 Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like INTERNATIONAL SERVICES INC., Liberty Mutual, International Services, Inc, and International Services, Inc..

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$33,000

$158,000

Salary Distribution
California$93,830 Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Cisco, WGA Consulting, LLC, Global Resources, and Accenture.

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$27,000

$200,000

Salary Distribution
Colorado$87,327 Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Global Resources, and Utilities International, Inc..

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$32,000

$168,000

Salary Distribution
Connecticut$86,124 Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like Liberty Mutual, International Services, Inc, International Services, Inc., and McKinsey & Company.

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$24,000

$185,000

Salary Distribution
DC$90,116 Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Accenture, Candidate Source Organization, McKinsey & Company, and M Powered Strategies.

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$23,000

$202,000

Salary Distribution
Florida$84,138 Rank: 27th

The average salary ranks 27th among states in the country. There were also job openings from employers like INTERNATIONAL SERVICES INC., International Services, Inc, International Services, Inc., and ISI.

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$30,000

$164,000

Salary Distribution
Georgia$91,291 Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Accenture, and Candidate Source Organization.

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$28,000

$189,000

Salary Distribution
Iowa$97,804 Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Aerotek, and Pathfinder Search Group.

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$23,000

$225,000

Salary Distribution
Idaho$85,547 Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like International Services, Inc. and International Services, Inc.

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$43,000

$133,000

Salary Distribution
Illinois$97,397 Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Bramwith Consulting, and IBM.

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$33,000

$195,000

Salary Distribution
Indiana$78,788 Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., and Action Pest Control.

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$31,000

$147,000

Salary Distribution
Kansas$82,854 Rank: 33rd

The average salary ranks 33rd among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$41,000

$138,000

Salary Distribution
Kentucky$77,852 Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., and University of Kentucky.

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$32,000

$143,000

Salary Distribution
Louisiana$87,516 Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., State of Louisiana, and Brooke Companies.

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$37,000

$157,000

Salary Distribution
Massachusetts$94,080 Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Huxley Associates, International Services, Inc, International Services, Inc., and McKinsey & Company.

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$26,000

$205,000

Salary Distribution
Maryland$89,213 Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like nsa, National Security Agency, International Services, Inc, and International Services, Inc..

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$30,000

$178,000

Salary Distribution
Michigan$86,456 Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., PanAsia Resources Pte Ltd., and McKinsey & Company.

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$30,000

$170,000

Salary Distribution
Minnesota$82,334 Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., McKinsey & Company, and Culver Careers.

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$26,000

$169,000

Salary Distribution
Missouri$82,121 Rank: 37th

The average salary ranks 37th among states in the country. There were also job openings from employers like Monarch Recruiters, LLC, International Services, Inc, International Services, Inc., and Lorventech solutions.

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$36,000

$146,000

Salary Distribution
Mississippi$83,111 Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like International Services, Inc. and International Services, Inc.

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$42,000

$134,000

Salary Distribution
North Carolina$87,634 Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like EmTacq, MetLife, International Services, Inc, and International Services, Inc..

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$33,000

$167,000

Salary Distribution
Nebraska$83,235 Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$42,000

$136,000

Salary Distribution
New Jersey$92,121 Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like IBM, International Services, Inc, International Services, Inc., and ZS Associates.

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$24,000

$203,000

Salary Distribution
New Mexico$82,611 Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$41,000

$132,000

Salary Distribution
Nevada$84,027 Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$34,000

$155,000

Salary Distribution
New York$92,221 Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like KPMG, Synergistic-IT, IBM, and McKinsey & Company.

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$22,000

$210,000

Salary Distribution
Ohio$86,208 Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like International Services, Inc, McKinsey & Company, Aetna, and ICONMA, LLC..

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$12.90

$96.00

Salary Distribution
Oklahoma$83,414 Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Arby's, and Manpower.

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$35,000

$151,000

Salary Distribution
Oregon$87,213 Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., Horizon Consulting Inc, and Zynosoft.

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$21,000

$197,000

Salary Distribution
Pennsylvania$83,796 Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like INTERNATIONAL SERVICES INC., ZipRecruiter, International Services, Inc, and International Services, Inc..

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$25,000

$177,000

Salary Distribution
Rhode Island$397 Rank: 41st

The average salary ranks 41st among states in the country. There were also job openings from employers like Procurement People.

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$200

$600

Salary Distribution
South Carolina$84,945 Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$40,000

$145,000

Salary Distribution
South Dakota$84,457 Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like International Services, Inc.

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$42,000

$130,000

Salary Distribution
Tennessee$81,093 Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$32,000

$152,000

Salary Distribution
Texas$89,849 Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like PwC, Accenture, CyberCoders, and Dell.

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$27,000

$189,000

Salary Distribution
Utah$84,678 Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like International Services, Inc and International Services, Inc..

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$39,000

$147,000

Salary Distribution
Virginia$91,722 Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Universal Reliance, Booz Allen Hamilton, International Services, Inc, and International Services, Inc..

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$30,000

$186,000

Salary Distribution
Washington$93,862 Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like International Services, Inc, International Services, Inc., McKinsey & Company, and AHU Technologies.

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$26,000

$202,000

Salary Distribution
Wisconsin$84,950 Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like BRAINHUNTER SYSTEMS LTD., International Services, Inc, and International Services, Inc..

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$34,000

$158,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Management Consultant. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

Learn More

Related Careers

Career Name Average Salary
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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