How to Become a Management Consultant
Advise organizations on improving efficiency, profitability, and strategic positioning through data-driven recommendations. It typically requires a bachelor's degree (mba, master of business administration, preferred), with a median salary of $101,860 per year and much faster than average projected job growth.
Median pay
$101,860/yr
Middle half
$77,950 to $133,370
Job growth
Much faster than average
Openings / yr
98,100
Majors that lead here
Key skills
- Strategic Analysis
- Data Analysis
- Presentation Skills
- Problem Solving
- Client Management
Helpful certifications
- CMC (Certified Management Consultant)
- PMP
- Six Sigma
Is this career a fit?
Remote-friendly
65/100
Work-life balance
38/100
Stress level
62/100
Satisfaction
74/100
Related careers
- Financial Manager$166,570 median
- Actuary$130,000 median
- Financial Risk Specialist$117,330 median
- Personal Financial Advisor$105,070 median
- Financial Analyst$102,740 median
- Financial Examiner$94,160 median
Frequently asked questions
How much does a Management Consultant make?
The median pay for a Management Consultant is $101,860 a year, and the middle half of workers earn between $77,950 and $133,370 (U.S. Bureau of Labor Statistics, May 2025). That covers everyone in the job, not only people starting out, so newer workers sit toward the lower end.
What degree do you need to become a Management Consultant?
The usual entry point is a bachelor's degree (mba, master of business administration, preferred). Common majors are Business Administration, Economics, Finance, Management, Engineering, Healthcare Administration, and Liberal Arts and General Studies.
Is Management Consultant a growing field?
Projected job growth for this role from 2024 to 2034 is much faster than average (BLS projections via O*NET), with roughly 98,100 U.S. openings a year.
What skills does a Management Consultant use most?
Common skills for this role are Strategic Analysis, Data Analysis, Presentation Skills, Problem Solving, and Client Management.
Planning to become a Management Consultant?
Save this career to your PlanexAI path and track the majors, courses, and milestones that lead to it.
Not sure this is right for you?
Take our free 2-minute quiz to match your interests to majors and careers.
Take the major quizWhere these pay figures come from
Career pay is the annual wage of everyone working in that occupation, not only recent graduates, so it includes people who have done the job for decades. The middle half is the 25th to the 75th percentile. U.S. Bureau of Labor Statistics and O*NET OnLine (median and percentile annual wages May 2025; employment projections 2024-2034).
All figures are national. What you earn depends on where you work, who you work for, and how far you take the degree.
Job-growth figures: U.S. Bureau of Labor Statistics and O*NET OnLine (median and percentile annual wages May 2025; employment projections 2024-2034).