Average salary of consultant: Management Consultant Salary Report | 2023 Consultant Salary

Why Consulting Salaries Aren’t That Good

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For young people fresh out of college, there’s nothing quite like the promise of a consulting salary.

Land a gig at one of the major firms and you can easily make upward of $60,000 in your first year. A lucky few even break into six figures. But considering the grueling hours that most entry-level consultants work, is that money really all it’s cracked up to be?

We ran the numbers on what first-year consultants actually make based on how many hours they can expect to work. The results might surprise you.

Let’s start with salaries. First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. This figure includes base salary, signing bonus, and relocation expenses.

Now let’s consider hours. A first-year consultant at these firms would be working 11 to 14 hours a day, for a rough schedule of 55 to 70 hours per week. That doesn’t account for the fact that most consultants travel several times a week for work, taking up more time in their already busy schedules.

At the low end, then, first-year consultants are making about $60,000 and working 55 hours a week. If you multiply that by 52 weeks a year, that converts to 2,860 annual hours. We divide the annual wages ($60,000) by the yearly hours (2,860) to get an hourly salary of $20.98, or roughly $21.

Here’s a closer look at that math:

Business Insider

An hourly salary of $21 isn’t bad, but it doesn’t sound nearly as impressive as $60,000 a year. Let’s try on the upper end, where first-year consultants make as much as $90,000. We’ll assume those at the high end of the bracket are likely working at top-tier firms that require the longest hours, averaging around 70 hours a week. Following the same formula, those 70 weekly hours convert into 3,640 yearly ones. So our elite consultants are making:

Business Insider

Again, not a bad hourly wage, but also nothing to write home about. To put these hourly figures in perspective, someone who works an average 40-hour week and makes $21 an hour would be earning an annual salary of just under $44,000. Someone working a 40-hour week and making $25 an hour would earn $52,000 a year.

The bottom line: First-year consultants can certainly earn a tremendous amount of money with nothing more than a Bachelor’s degree in hand. But the staggering sums that big firms advertise aren’t really what they seem. On an hourly basis, consulting salaries aren’t all that different from those of other middle-class jobs — they’re just adjusted to account for the tremendous number of hours these employees will put in.

Consultant salary in Texas ‐ CareerExplorer

The average salary for a consultant in Texas is around $76,530 per year.

Avg Salary

$49.9k Bottom 20%

$76.5k Median

$117.4k Top 20%

Consultants earn an average yearly salary of $76,530.
Wages typically start from $49,910 and go up to $117,430.

17% above national average ● Updated in 2021

In this article:

1. How much does a consultant make in Texas?
2. How do consultant salaries compare to similar careers

Consultant earnings by seniority

Approximate values based on highest and lowest earning segments.

Consultant salary by state

State Name	Average Salary
California	$88,800
Massachusetts	$82,140
New Jersey	$81,690
Rhode Island	$81,690
Colorado	$81,500
Oregon	$81,250
Illinois	$80,670
Minnesota	$80,670
Alaska	$80,430
New York	$79,660
Washington	$79,050
Michigan	$78,870
Connecticut	$78,660
Maryland	$78,000
Ohio	$77,590
Texas	$76,530
Vermont	$74,780
Virginia	$74,300
New Hampshire	$73,550
Iowa	$71,680
Utah	$68,160
New Mexico	$68,140
Hawaii	$67,030
Wisconsin	$64,480
Louisiana	$64,250
Pennsylvania	$63,940
Wyoming	$63,880
Idaho	$63,750
Kansas	$63,750
Montana	$63,750
Nevada	$63,750
Georgia	$63,630
Arkansas	$63,480
North Carolina	$62,980
Missouri	$62,910
Tennessee	$62,260
West Virginia	$62,200
Arizona	$62,100
Alabama	$61,010
South Dakota	$60,550
Virgin Islands, U. S.	$60,550
Nebraska	$60,050
Oklahoma	$59,890
North Dakota	$59,490
Indiana	$59,260
Maine	$57,840
Delaware	$53,990
Kentucky	$49,940
Florida	$49,850
South Carolina	$49,500
Mississippi	$40,810
Puerto Rico	$34,100
District of Columbia	$127,880

How do consultant salaries compare to similar careers?

Consultants earn about the same as related careers in Texas.

On average, they make less than auditors but more than
property managers.

Source: CareerExplorer (Aggregated)

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Rating of enterprises and professions by income level

The issue of average wages is not an easy one. You should always get acquainted with information about him carefully and not let yourself be deceived and reassured.

To clarify, let’s take an example of calculating the average salary: one hairdresser in Cologne earns 22,000€ per year, his colleague – 25,000€, competitor – 26,000€. The fourth, who has just received a secondary specialized education and started working, is 18,000 €. And the fifth, a top hairdresser who works with celebrities and wealthy people, costs €146,000 per year. Therefore, the average salary of a hairdresser in Cologne will be 47,400€, which is well above the income of the first four hairdressers given in the example. nine0003

According to the Federal Statistical Office (Statistische Bundesamt), only a third of professionals receive above-average salaries. Two-thirds, respectively, lower. Therefore, when reading information about the average salary for your specialty in the region where you are going to work, you need to understand that with a high probability you will receive a smaller amount.

What factors affect the salary?

The size of your income, as well as the figure of the average salary, is influenced by many factors, ranging from geographical to personal. nine0003

• Where you work

  In Germany, where you work is important. In the eastern states, which were once part of the GDR, wages are lower than in the western states of the FRG. So, for example, in Munich you will earn more than in Leipzig.

• Company size

  Private company or large group – this also matters in payroll. In a small company with fewer than 100 employees, the salary will be about 20% lower than in a large company with more than 1,000 employees. In addition, a large enterprise promises more benefits in the form of bonuses, paid courses, and so on. nine0003

• Industry

  The amount of remuneration is also affected by the industry in which you work in your specialty. For example, it is most profitable for computer scientists to work in the field of mechanical engineering or in a concern for the production of vehicles, as well as in banks and in the field of consulting.

• Education and experience

  Whether you just completed a bachelor’s degree, completed a master’s degree or have a diploma, studied at a university or a high school (Fachhochschule), whether you have work experience or not – all this also plays a big role when discussing your income on future work. nine0003

Salaries in Germany by destinations

Tables below are divided by specializations. Starting, average and maximum salaries are indicated by the amount received per year.

IT development

Top IT companies in Germany:

• Google
• BMW Group
• Microsoft
• Apple
• SAP
• Amazon
• Audi AG
• Blizzard Entertainment
• Bosch Gruppe
• Siemens

Engineering and technology

nine0055

48 534€

nine0055

60 995€

Top engineering and technology companies in Germany:

• BMW Group
• Daimler
• Audi AG
• Porsche
• Bosch Group
• Airbus
• Siemens
• Volkswagen

Google

• Lufthansa Technik

Finance and insurance

Top financial and insurance companies in Germany:

• LMV Versicherungen
• VGH Versicherungen
• HISCOX AG Versicherungen
• HUK-Coburg-Allgemeine Versicherung AG
• Barmenia Versicherungen
• Assona GmbH
• AXA Konzern
• DKV Deutsche Krankenversicherung AG
• BGV Badische Versicherungen
• Gothaer Versicherungen

Economy, communications and digitalization

Management and consulting

nine0055

47 824€

Top companies in the field of economics, management and consulting in Germany:

• BMW Group
• Daimler
• Audi AG
• Adidas AG
• Porsche

Google

• Lufthansa Group
• Bosch Gruppe
• PwC
• Apple

Trade and distribution

Top trade companies in Germany:

• heco GmbH
• Mercateo
• Witt Gruppe
• Phillip Morris
• Edenred Deutschland GmbH
• Danone GmbH
• Vorwerk Gruppe
• Otto Group GmbH
• Mysportgroup GmbH
• Kaffe Partner

Logistics, transport and transportation

nine0055

57 334€

Top logistics and transport companies in Germany:

• Deutsche Post DHL
• DB Mobility Logistics AG
• Kühne + Nagel (AG + Co. ) KG
• Dacher GmbH & Co. KG
• Rhenus AG & Co. KG
• Volkswagen Konzernlogistik
• Hermes Europe
• DPD Dynamic Parcel Distribution
• UPS Deutschland
• Panalpina Weittransport

Natural sciences

nine0055

Starting salary

Top natural science companies in Germany:

• Bayer
• Max-Planck-Gesellschaft
• BASF
• Fraunhofer-Gesellschaft
• Helmholtz

Google

• DLR
• Umweltbundesamt
• Roche
• Merck

Health

nine0055

Starting salary

Top companies in the field of medicine and pharmacology in Germany:

• PubliCare GmbH
• Mundipharma GmbH / Mundipharma Deutschland GmbH & Co. KG
• Audibene GmbH
• UCB Pharma GmbH
• MSD Sharp & Dohme GmbH
• Sartorius
• Omnicare Pharma GmbH
• Quintiles Commercial Germany GmbH
• Bayer Konzern
• Roche in Deutschland

Design, decoration and media

Top graphic and media design companies in Germany:

• Pentagram
• Google
• Disney
• Airbhb
• Netflix
• Blizzard
• Spotify
• Pixar
• 2 x 4
• Headspace

Other specialties

Top legal companies in Germany:

• Auswärtiges Amt
• Freshfields Bruckhaus Deringer
• Europäische Kommission

nine0013 Bundeskriminalamt

• Hengeler Mueller
• Clifford Chance
• Linklaters
• Gleiss Lutz
• CMS Hasche Sigle
• Hogan Lovells

Top companies in the field of education and social assistance in Germany:

• Auf Kurs – Jugendhilfe gGmbH
• AWO Seniorenhaus Johanna Stein
• Caritasverband Westeifel e. V.
• domino-world™
• educcare Bildungskindertagesstätten gGmbH
• Evangelisches Diakoniekrankenhaus Freiburg
• INTEGRA SOZIALE DIENSTE gGmbH
• K&S Seniorenresidenz
• Marienheim Wettringen GmbH
• Pari Kita – Der Paritätische Bayern

Wage data taken from gehalt.de and valid as of November 2018 (data take into account current offers from companies and may change from time to time).

Average salary in Spain in 2022 and salary in Spain by occupation

All about salaries in Spain in 2022

05/12/2022

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We continue the theme of the labor market in Spain. In previous articles, we talked about the most demanded and highest paid professions in the country in 2022, in the same article we will talk about salaries in Spain.

We will analyze the level of remuneration in the country in different aspects in order to give the most complete picture of what kind of salary a particular specialist can expect. nine0003

Minimum wage in Spain

In Spain, there is the concept of “Minimum Interprofessional Wage” (Salario Mínimo Interprofesional ˗ SMI) ˗ the minimum amount of remuneration of an employee for work. From January 1, 2022, SMI has increased and now amounts to 1,000 euros (+35 euros) per month in 14 payments. As for wages per day, for employees in the company’s staff, it is 33.33 euros. For temporary workers €47.36. Minimum wage for domestic staff ˗ 7.82 euros per hour. nine0003

Average salary in Spain in 2022

In addition to the concept of SMI, there is also the concept of average salary in Spain. According to the latest data from the National Institute of Statistics (Instituto Nacional de Estadística ˗ INE), corresponding to 2019 (updated every 2 years, the next report is due in the summer of 2022), the average gross salary (before taxes) in Spain is:

Gender	Yearly (€)	per month* (€)	per hour (€)
Women	21 682. 02	1548.72	14.92	93	1923.88	16.63
in general	24 395.98	1742.57	15.85

9000 *in 14 payments

Medium salary in evapo

The level of salaries in Spain varies significantly from autonomy to autonomy. Traditionally, the regions with the highest salaries are the Basque Country, Madrid, Navarre and Catalonia. nine1720

27 606. 8 Health and welfare 27,557.20 9 Water supply, sewerage, waste management 27 486.42 10 Education 25 913.06 _ on the country

9005 395. 98 9005 11

9ATH 80 12 Real estate 23 333,16 131 Construction 22 789.30 14 Wholesale and ROODICAL trade; vehicle repair 21 120.76 15 Cultural and creative activities, leisure and entertainment 18 088.10 16 Administrative services and auxiliary services 17 107.54

9005 17 Other services 17 066.82 18 Hospitality 14 561.75 720

27 606. 8 Health and welfare 27,557.20 9 Water supply, sewerage, waste management 27 486.42 10 Education 25 913.06 _ on the country

9005 395.98 9005 11

9ATH 80 12 Real estate 23 333,16 131 Construction 22 789.30 14 Wholesale and ROODICAL trade; vehicle repair 21 120.76 15 Cultural and creative activities, leisure and entertainment 18 088.10 16 Services 17 107.54 17 Other services 17 066. 82 18 Hotel-restaurant sector 14 561.75

Average salary in Spain depending on the type of labor contract

Another concept that allows you to assess the level of salaries in Spain, ˗ the most common gross salary (salario bruto más frecuente) ˗ is the salary that the majority of workers in the country receive. Its rate is 18.489.74 euros per year or 1.320.70 euros per month in 14 payments.

Salary scale in Spain by field of activity

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0 Human resources

Salaries in Spain by profession

In this part of our article, we will give some figures that will allow us to estimate the level of salaries in Spain by profession. Data taken from the portal https://es.indeed.com/ and correspond to May 2022.

Salary of a programmer in Spain

• Per year: 29,891 euros.
• Per month: 2116 euros.

Salary of a teacher in Spain in primary school (Educación primaria, grades 1 to 6)

• per year: 20,881 euros.
• Per month: 1478 euros.

Salary of a doctor in Spain (General Practitioner)

• Per year: 35,250 euros.
• Per month: 2496 euros.

Salary of a dentist in Spain

• Per year: 72,682 euros.
• Per month: 5146 euros.

Salary of a cook in Spain

• Per year: 19,161 euros.
• Per month: 1357 euros.

Builder salary in Spain

• Per year: 19,467 euros.
• Per month: 1378 euros.

Salary of a nurse in Spain

• Per year: 18,763 euros.
• Per month: 1564 euros.

Salary of a pharmacist in Spain

• Per year: 21,600 euros.
• Per month: 1800 euros.

Salary of a police officer in Spain

• Per year: 58,463 euros. nine0020
• Per month: 4139 euros.

Electrician salary in Spain

• per year: 22,282 euros.
• Per month: 1578 euros.

Electrician salary in Spain

• per year: 22,282 euros.
• Per month: 1578 euros.

Salary of a tiler in Spain

• Per year: 19,928 euros.
• Per month: 1411 euros.

Salary of a waiter in Spain

• per year: 16,109 euros.
• Per month: 1141 euros.

Salary of an electrical engineer in Spain

• Per year: 25,383 euros.
• Per month: 1797 euros.