MBA Programs Recommended by Our Education Experts

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

What is an MBA in Consulting?

An MBA in Project management requires the use of specific methods, processes, skills, knowledge, and experience to achieve project objectives according to the project criteria within agreed parameters. Unlike ordinary management that is an ongoing process, project management has a finite timespan and a final deliverable.

The purpose of project management is to foresee or predict upcoming dangers and problems that may likely occur. It also helps plan, organize, and control activities to ensure that the project is completed successfully, irrespective of the risks involved. 

An MBA program in Consulting introduces real-life situations you will be facing as a Project Manager and what to do to make accurate, strategic and tactical decisions.

As the US economy grows and is becoming linked with the economies of other nations, now is the best time to acquire the skills needed to manage projects efficiently. Getting an MBA in Consulting is a wise investment as there has never been a time when the skill is low. Rather, the demand for project managers is growing rapidly across the US. A project manager with an MBA in Consulting can find employment in construction, healthcare, industrial production, IT, consulting, or other areas. Although the content of an MBA in Consulting is similar across the United States, not all MBA in Consulting is the same. The financial cost to get the degree differs from institutions. Some institutions might take a longer or shorter time to complete the MBA. The period might be a deal-breaker for you as shorter programs tend to be intense, while longer ones can be flexible yet be considered a waste of valuable time.

The Master of Business Administration (MBA) degree, one of the most in-demand graduate degrees available today and offers students the chance to learn an effective, diverse mixture of management theory and applied strategies from communication and supply chain management skills to financial and marketing needs.

With a strong focus on applied sciences and business knowledge, MBA students experience real-world interactions with other students and professors, providing a sense of collaboration between students as they tackle different facets of business theory.

An MBA with a concentration in business Analytics an advanced graduate degree that helps students build the critical tools and framework necessary to lead, manage, and grow businesses. Generally offered as a 2-year program, the majority of MBA programs require candidates to have at least 3 years of work experience before they begin the course work.

Common program requirements include accepting at least one internship during the term, writing a thesis or capstone project reflecting on the student's growth over the year, and passing an exit exam or comprehensive final examination.

How Much is Tuition for MBA Consulting Programs?

Overall, it makes sense to spend on an MBA in Consulting as you can expect to command a higher than average salary almost immediately after graduation. More than 90% of MBA graduates get a job immediately after graduation.

The average full-time Tuition for MBA programs in Consulting is $79,443.95 with a highest of $170,330.00 and the lowest of $13,907.00

The average in-state tuition for campus MBA program in Consulting is $79,443.95 compared to the average out-of-state tuition of $97,338.50. The average in-state tuition for an online MBA in Consulting is $64,326.79 compared to an average out-of-state online tuition of $87,733.48.

With a tuition cost ranging between $13,907.00 and $170,330.00, it may be worthwhile to attend a highly reputable online or in-state program instead of electing to go out-of-state. This may be the difference in a $90K in tuition due to your residency status. You don't need an MBA degree to know the importance of fiscal responsibility.

You may want to opt for a more affordable degree programs instead of taking out student loans for B-School tuition. A savvy student also realizes that attending an online MBA program can significantly reduce textbook, transportation and living costs.

10 Most Expensive Consulting MBAs

  1. Columbia University - $170,330.00
  2. New York University - $162,991.00
  3. Dartmouth College - $155,040.00
  4. Yale University - $146,180.00
  5. Duke University - $145,253.00
  6. Cornell University - $143,880.00
  7. University of Virginia-Darden - $139,200.00
  8. University of California, Los Angeles - $139,014.00
  9. Emory University - $138,248.00
  10. University of Southern California - $137,106.00

10 Least Expensive Consulting MBAs

  1. Auburn University at Montgomery - $13,907.00
  2. Kennesaw State University - $17,690.00
  3. University of North Carolina Wilmington - $18,880.00
  4. East Tennessee State University - $22,896.00
  5. Central Michigan University - $23,832.00
  6. University of Florida - $26,473.00
  7. The University of Tampa - $26,744.00
  8. Brigham Young University - $27,720.00
  9. The University of Alabama - $28,560.00
  10. Binghamton University - $29,400.00

What Difference List of Consulting MBA Programs Sorted by Tuition Costs

Find a list of campus and online MBA programs in Consulting in the the United States. In-person, campus Consulting MBA programs account for 62 programs while online offerings account for 25 programs. Find Consulting MBA programs offered and sorted from lowest to highest tuition.

Learn about the career outlook, starting salary prospects, and long-term earnings possibilities in the sections below to help you understand the ROI of earning an MBA in Consulting.

If you notice errors in the MBA program data, please contact us.

What is the Career Outlook for Consulting MBAs?

Why choose an MBA with a concentration in Consulting? Predictions from the U.S. Bureau of Labor Statistics (BLS) indicate a negative growth in top management positions overall, with a projected to grow 6.3% percent nationwide until 2028, according to Projections Central at the US Department of Labor. The average number of annual openings needed nationwide is 119,600. Additionally, the BLS reports the median salary for managers at $103,930, an important consideration for students considering a major investment in their education.

State20182028Change%ChangeAvg. Annl Openings
United States1,135,7001,207,00071,3006.3119,600
District of Columbia40,00041,8501,8504.64,110
New Hampshire2,3302,4601305.6240
New Jersey45,24048,3103,0706.84,800
New Mexico6,8607,2904306.3720
New York34,71038,8204,11011.83,940
North Carolina32,04035,1303,0909.63,530
North Dakota2,5802,7601807270
Puerto Rico6,0405,760-280-4.6540
Rhode Island2,6002,7801806.9280
South Carolina4,3304,6903608.3470
South Dakota1,4501,510604.1150
Virgin Islands230240104.320
West Virginia2,8303,0402107.4300
US Department of Labor – Projections Central

What is the Starting Salary for Consulting MBAs?

The salary for a project manager depends on the industry and experience. The average starting salary for MBA students from Universities that offer an MBA in Consulting is $79,206, and the lowest starting salary is $55,955. The highest reported starting salary is $112,012.

The average salary of a project manager in some industries are given below:

  • Aerospace – $118,000
  • Agriculture, Mining, and Natural Resources – $130,000
  • Consulting – $125,000
  • Engineering – $117,500
  • Government – $113,875
  • Information Technology – $114,000
  • Pharmaceutical – $129,000
  • Utility – $117,875

Average starting salary for MBA students from universities that offer an MBA in Consulting today is $100,966.23 with the lowest of starting of $64,862.00 and the highest reported starting salary of $143,750.00.

10 Highest Starting Salaries

  1. Cornell University - $143,750.00
  2. Harvard University - $134,071.00
  3. Columbia University - $125,000.00
  4. University of Virginia-Darden - $124,684.00
  5. Dartmouth College - $123,900.00
  6. The University of Michigan - $123,000.00
  7. University of Southern California - $122,634.00
  8. University of California, Berkeley - $122,488.00
  9. Duke University - $121,283.00
  10. University of California, Los Angeles - $121,250.00

10 Lowest Starting Salaries

  1. East Tennessee State University - $64,862.00
  2. Kennesaw State University - $65,000.00
  3. Central Michigan University - $69,942.00
  4. University of Louisville - $71,512.00
  5. University of Washington Bothell - $72,250.00
  6. University at Buffalo, State University of New York - $73,729.00
  7. The University of Tampa - $74,558.00
  8. Brigham Young University - $75,000.00
  9. Binghamton University - $78,000.00
  10. University of Missouri - $78,000.00

Consulting Earnings by State and Experience

The amount you earn as a project manager also depends on where you are working. For instance, the District of Columbia pays Project Managers the highest salaries, followed by Maryland.

However, there are other factors that influence the amount you are paid as a Project Manager. Some of these factors are discussed below:

  • Years of Experience — A project manager with more than three years of experience will earn more than a fresh graduate. The difference in the salary of a fresh graduate in Consulting and an experienced Project Manager can be up to $15,000 or more.
  • Industry — The type of industry you work as a Project Manager can also determine how much you will earn. Project managers in consulting firms can earn as high as $132,500.
  • Team Size — As a project manager, you will have to manage teams. However, the size of the team you manage can be used to calculate what your salary will be. For example, a project manager that manages a large team will get paid a higher salary compared to a manager that manages a smaller team.
  • Location — The state or city you are working in can also affect what your salary will be as a project manager. The District of Columbia and the states around it — Maryland and Virginia — pay a significantly huge amount for project managers.

According to data collected by the U.S. Bureau of Labor Statistics, MBA pay and employment for 2022 is listed in the table below.

StateEmployment1 to 4 Years5 to 9 Years10 to 19 Years20+ Years
District of Columbia40,120$58,800$74,660$127,980$170,790
New Hampshire4,340$49,680$60,070$98,940$123,080
New Jersey53,000$49,540$64,080$108,620$137,040
New Mexico9,630$38,450$51,770$101,970$168,380
New York61,250$48,530$65,490$119,760$160,590
North Carolina39,420$42,180$54,500$99,600$129,580
North Dakota2,690$44,820$56,450$90,580$116,420
Rhode Island4,370$52,760$65,140$108,220$133,120
South Carolina4,180$40,750$54,680$93,100$118,610
South Dakota1,320$43,260$56,180$86,900$106,880
West Virginia3,830$33,980$45,640$84,960$109,510
Bureau of Labor Statistics – 2022

What Can I Do With an MBA in Consulting?

An MBA in Consulting can get you into a variety of fields. Project managers find employees with the Federal Government, pharmaceutical companies, IT companies, and many other industries. The following are a few jobs you can get when you complete an MBA in Consulting.

  • IT Project Manager — Project Managers that are in the field of IT oversee from the planning to execution stage. The manager usually delegates tasks to various members of the team and ensures everyone works together to achieve the goals of the organization. An IT project manager can be paid as high as $120,000.
  • Consulting Project Manager — Consulting project managers advise external businesses temporarily. They help these businesses identify areas that need improvements. Consulting project managers can work with consulting companies. You can expect to earn about $133,000 as a consulting project manager.
  • Government Project Manager — A government project manager ensures that project activities and resources are used to meet the project objectives. This the manager does by ensuring that everything is well managed and coordinated. Expect to get paid $115,000 as a government project manager.

What Are Benefits of Earning an MBA?

  • Increased Job Opportunities: What exactly will an MBA do for you? Mid- to upper-level management positions are available to you. Jobs that see fewer applicants, such as chief executive officer, are also open to you. Earning your MBA qualifies you for positions that range from department director to enterprise director and chief operating officer. Employment for MBA candidates is projected to increase by six percent per year over the next seven years. Three-quarters of employers say that they plan to hire MBA graduates in 2016, while ninety-two percent are increasing the number of MBA internships that they offer.
  • Increased Earnings: A recent study showed that the average MBA graduate’s pay was 50% higher than their position before earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. These figures clearly show the financial benefits of an MBA but they don’t address the personal satisfaction that comes with greater responsibility.
  • Sharpen Your Professional Skills: As a graduate of an MBA program, you’ll develop the skills necessary to succeed in a competitive business environment. You’ll learn to think critically about problems, communicate effectively, work on a team and analyze complex financial data. You’ll also have access to some of the brightest minds and the latest resources in today’s business world.
  • Greater Job Security: Today’s job market is more turbulent than ever before, filling many with uncertainty and fears of being left out. Earning an MBA not only increases your earning potential but also offers a foundation for greater career stability and security. With the marketable skills to lead teams, take initiative and make positive changes in companies, you can quickly establish a secure foothold in an otherwise shaky job market.
  • Become a Respected Member of Your Business Community: Choosing to earn an MBA enables you to position yourself as a respected member of your business community. An MBA increases your professional vocabulary, enhances your strategic thinking and analytical skills, and gives you a broadened level of cultural knowledge. Whether you pursue a program that offers concentrations or one focused on leadership and global management, an MBA will give you the tools and resources you need to succeed.

What Skills Do I Need to be Successful In Consulting?

To become a successful project manager, there are several skills that you need. Some of them can be acquired as part of the business school education. However, if you can develop these skills before applying for an MBA in Consulting, you'd be ahead of other applicants.

  • Communication Skills — A project manager should be able to communicate well. When meeting clients, strong communication skills can help present your ideas. Team members also need clarity. A good project manager will share the vision of the organization with team members without ambiguity. Frequently, a project manager will need to make reports and presentations to share with clients and team members.
  • Organizational Skills — For projects to run smoothly, the project manager should be able to organize things properly. A good project manager should have the ability to prioritize tasks, keep records of activities, and compartmentalize projects. Many times, there'll be a need to handle multiple tasks simultaneously. Project managers ensure that things do not become disorganized when multiple activities take place.
  • Leadership Skills — Perhaps one of the greatest skills a project manager should have. A project manager should be able to coordinate, encourage and set rules for the team members. Leadership can make or mar a project. Most organizations that hire project managers prioritize this skill.

What Typical Classes Will I Take in My Consulting MBA Program?

Business schools typically offer programs that provide a comprehensive, rigorous training in business fundamentals and leadership. Full-time and part-time curricula exist, with part-time programs requiring students to balance school with full-time employment. As a student, you have the option of emphasizing an area of expertise by choosing a major or completing an integrated program. MBAs have flexibility in course selection due to the curriculum's interdisciplinary nature; however, a typical curriculum has core courses, as well as required and elective courses in various disciplines.

Typically, to get into an MBA program, you must have had a bachelor's degree or its equivalence. Most business schools desire these qualifications to ensure that you can pursue post-graduate school studies.

When you gain admission into a business school for your MBA program, there are courses you are expected to take. Below are some of the courses you will be offering:

  • Human Resources Management — Project managers should be able to effectively manage team members. Human Resources Management is one of the courses offered in business schools for prospective project managers. At the end of the course, you should be able to perform administrative functions in an organization. Since project managers can work in a variety of situations and different industries, they should understand hiring processes, interviewing people, consulting, and strategic planning.
  • Strategic Planning — A project manager should ensure that team members are working toward common goals. At the end of this course, the project manager should be able to prioritize tasks, delegate activities, and ensure that the team spirit is focused on achieving the goal of the project. Students taking this course will have the potential to develop a strategic plan in real-life situations.
  • Data Analytics — Data is the lifeline of businesses. One way to know whether a team is meeting its objectives is by analyzing the data. Fast-rising project managers should be able to read data and make accurate conclusions. The data analytics course in top institutions will expose a project manager to a variety of data. At the end of the course, the student should be able to model data from real-life instances and present them in a simplified manner to stakeholders.

What Are the GMAT Scores Required for Acceptance into an Consulting MBA Program?

GMAT score will determine the business school that you'll apply to. The GMAT assesses verbal, quantitative, analytical, reading, and writing skills. It helps business schools decide on applicants. GMAT score is between 200 — 800.

It's important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it's best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate's undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score.

For campus MBA programs in Consulting, the lowest GMAT score required from an in-person program is 450 and the highest is 729 with an average GMAT score to be accepted in a campus-based Consulting MBA program being 639.

For Consulting MBA programs offered online, the lowest GMAT score required by a university is 450 and the highest is 693 with an average GMAT score to be accepted in an online Consulting MBA program is 621.

Below you will find a list of the 10 highest and 10 lowest average GMAT scores needed for a campus based program offering an Consulting MBA concentration.

10 Highest GMAT Scores for Consulting MBAs

  1. Harvard University - 729
  2. Yale University - 725
  3. Columbia University - 720
  4. University of California, Los Angeles - 719
  5. Dartmouth College - 717
  6. New York University - 710
  7. University of California, Berkeley - 707
  8. Washington University in St. Louis - 701
  9. Cornell University - 699
  10. Georgetown University - 693

10 Lowest GMAT Scores for Consulting MBAs

  1. University of Washington Bothell - 450
  2. Bellarmine University - 460
  3. Auburn University at Montgomery - 475
  4. Central Michigan University - 513
  5. The University of Tampa - 515
  6. East Tennessee State University - 535
  7. University of North Carolina Wilmington - 555
  8. University of Miami - 564
  9. University of Washington - 566
  10. Kennesaw State University - 573

Student / Faculty Ratio for MBA Programs in Consulting

A low Student/Faculty ratio for any MBA may have more of an impact on students wanting smaller classrooms and greater networking opportunities with professors and fellow classmates. For students who thrive in lecture hall environments and do not require the individual attention/one-on-one mentorship from a B-Schools faculty, then a high Student/Faculty ratio may not be an issue.

Of all the Consulting MBA programs offered in-person and on campus, the lowest Student Faculty ratio is 1:5 compared to the highest of 699:50 while the average Student Faculty ratio for all in-person campus program offering an Consulting MBA is 33:10.

For Consulting MBA programs offered online, the lowest Student Faculty Ratio is 3:10 and the highest is 264:25 with an average Student Faculty ratio from MBA programs offering an MBA in Consulting online is 261:100.

Below you will find a list of the 10 highest and 10 lowest student faculty ratios from campus based programs offering an Consulting MBA concentration.

Not only is the ratio important, but you should also research the members of the faculty. Check if they have the qualification to teach in business schools.

10 Consulting Programs with the Highest Student Faculty Ratio

  1. Cornell University - 699:50
  2. Duke University - 317:25
  3. University of Virginia-Darden - 264:25
  4. Dartmouth College - 224:25
  5. University of Utah - 447:50
  6. The University of Texas at Austin - 833:100
  7. Washington University in St. Louis - 369:50
  8. Emory University - 721:100
  9. Binghamton University - 657:100
  10. University at Buffalo, State University of New York - 164:25

10 Consulting Programs with the Lowest Student Faculty Ratio

  1. The University of Michigan - 1:5
  2. Georgetown University - 3:10
  3. The University of North Carolina at Chapel Hill - 2:5
  4. New York University - 1:2
  5. University of Washington - 1:2
  6. Vanderbilt University - 1:2
  7. University of Rochester - 1:2
  8. Kennesaw State University - 13:25
  9. University of Louisville - 53:100
  10. Brigham Young University - 3:5

Student Enrollment for MBA Programs in Consulting

The MBA program with the lowest student enrollment that offers an MBA in Consulting is 41 from Kennesaw State University. The MBA program with the highest student enrollment offering an MBA in Consulting is Highest: 2,102 from University of Southern California. The average student enrollment from all universities that offer an MBA in Consulting is 650.

10 MBA Consulting Programs with the Highest Student Enrollment

  1. University of Southern California - 2,102
  2. Columbia University - 2,070
  3. Cornell University - 1,953
  4. Duke University - 1,920
  5. Harvard University - 1,868
  6. The University of Texas at Austin - 1,690
  7. University of Utah - 1,300
  8. Boston University - 1,184
  9. The University of Michigan - 1,182
  10. Washington University in St. Louis - 1,069

10 MBA Consulting Programs with the Lowest Student Faculty Ratio

  1. Kennesaw State University - 41
  2. The University of Georgia - 50
  3. Temple University - 56
  4. University at Buffalo - 60
  5. University of Louisville - 60
  6. Bellarmine University - 65
  7. Louisiana State University - 84
  8. University of Missouri - 84
  9. University of Illinois at Urbana-Champaign - 92
  10. University of North Carolina Wilmington - 102

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Data sources: MBA School Websites, IPEDS, National Center of Educational Statistics, U.S. Department of Education, Institute of Education Sciences (ERIC), Association to Advance Collegiate Schools of Business (AACSB), U.S. Bureau of Labor Statistics (BLS). US News, The Econominst, Forbes, Bloomberg Business Week, Financial Times.

If you notice errors in the MBA program database, please contact us.