2025 Best MBA Programs in Consulting

MBA Programs in Consulting
Tuition, ROI, Graduate Salary, GMAT Requirements

10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank

Executive Summary for MBA Programs in Consulting MBA Programs

The ranking team at MBAGuide.org, evaluated 12 Consulting MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Consulting MBA, compare schools, find states and cities where the degree is offered.

1. Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 12 AACSB-accredited campus MBA programs in Consulting to find the top programs in the country.
2. Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
3. Detailed school profiles of Consulting MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

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Best 10 MBA Programs in Consulting

Interactive Table of the Best Ranked MBA Programs in Consulting

Easily sort the interactive table below to find the best Consulting MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Consulting. Click on any school for a comprehensive school profile.

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	The University of Texas at Dallas	243.00%	$45,000	$123,163	TX	Yes
2	Harvard University	17.00%	$149,820	$175,000	MA	No
3	University of Wisconsin-Madison	114.00%	$55,575	$118,983	WI	Yes
4	Emory University	-1.00%	$151,689	$149,759	GA	No
5	University of California, Berkeley	9.00%	$139,628	$152,831	CA	No
6	The Pennsylvania State University	87.00%	$61,236	$114,483	PA	Yes
7	University of California, Davis	14.00%	$95,438	$109,075	CA	Yes
8	Temple University	60.00%	$60,000	$95,989	PA	Yes
9	Drexel University	47.00%	$59,241	$87,061	PA	Yes
10	University of Richmond	11.00%	$72,000	$79,683	VA	No
11	Rowan University	85.00%	$37,391	$69,300	NJ	Yes

An MBA program in Consulting will cost you between $37,391.00 to $151,689.00.

• Number of Programs Offering Consulting MBAs: 12
• Average GMAT Score for Consulting MBA Programs: 648
• Average In-State Tuition for Consulting MBA Programs: $84,274.36
• Average Graduate Salary for Consulting MBA Programs: $115,277
• Average ROI for Consulting MBA Programs: 62%

Compare Consulting MBA Program Averages vs Campus

Averages	MBA Programs	Online MBA Programs
Number of Programs	12	8
Average Starting Salary	$115,277	$103,257
Average MBA Tuition	$84,274	$59,126
Average ROI	62%	93%
Average GMAT Scores	648	626
Average Full-Time MBA Faculty	125	130
Average MBA Student Faculty Ratio	14:1	17:1
Faculty with Doctorate	84%	84%
Average Full-Time MBA Enrollment	720	839
Average Part-Time MBA Enrollment	322	349
Average % of MBA Students from U.S.	84%	84%

Read about our ranking methodology.

What is the Average MBA Salary for Consulting Graduates?

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Consulting can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Rowan University, the average MBA graduate annual salary is $69,300 . A degree from Harvard University, will provide an annual salary of $175,000.

Average MBA starting salary for graduates from accredited programs is $115,277 with the lowest of starting of $69,300 and the highest reported starting salary of $175,000.

Average Graduate Salaries for In-Person Consulting MBA Programs

• Average Consulting: $115,277
• Lowest Consulting: $69,300
• Highest Consulting: $175,000

Average Salary for Graduate of MBA Programs in Consulting Programs – Interactive Table

Easily sort the interactive table below to find the best Consulting MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Consulting. Click on any school for a comprehensive school profile.

Rank	University	Avg. Starting Salary	In State Tuition	ROI	State	Online
1	Rowan University	$69,300	$37,391	85.00%	NJ	Yes
2	University of Richmond	$79,683	$72,000	11.00%	VA	No
3	Drexel University	$87,061	$59,241	47.00%	PA	Yes
4	Temple University	$95,989	$60,000	60.00%	PA	Yes
5	University of California, Davis	$109,075	$95,438	14.00%	CA	Yes
6	The Pennsylvania State University	$114,483	$61,236	87.00%	PA	Yes
7	University of Wisconsin-Madison	$118,983	$55,575	114.00%	WI	Yes
8	The University of Texas at Dallas	$123,163	$45,000	243.00%	TX	Yes
9	Emory University	$149,759	$151,689	-1.00%	GA	No
10	University of California, Berkeley	$152,831	$139,628	9.00%	CA	No
11	Harvard University	$175,000	$149,820	17.00%	MA	No

What is the Average In-Person MBA Tuition for Consulting Programs?

If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.

The average in-state tuition for an MBA in Consulting is $84,274.36 compared to an average campus program Consulting is $84,274.36 .

The lowest AACSB tuition rate at $37,391.00 from Rowan University.

The highest AACSB tuition rate is $151,689.00 from Emory University.

Average Tuition for In-Person MBA Programs in Consulting

• Average: $84,274.36
• Lowest: $37,391.00 from Rowan University
• Highest: $151,689.00 from Emory University

Interactive Table – Tuition for MBA Programs in Consulting Programs

Easily sort the interactive table below to find the best Consulting MBA programs by Tuition to find and to compare MBA programs in Consulting. Click on any school for a comprehensive school profile.

Rank	University	In State Tuition	Avg. Starting Salary	ROI	State	Online
1	Rowan University	$37,391	$69,300	85.00%	NJ	Yes
2	The University of Texas at Dallas	$45,000	$123,163	243.00%	TX	Yes
3	University of Wisconsin-Madison	$55,575	$118,983	114.00%	WI	Yes
4	Drexel University	$59,241	$87,061	47.00%	PA	Yes
5	Temple University	$60,000	$95,989	60.00%	PA	Yes
6	The Pennsylvania State University	$61,236	$114,483	87.00%	PA	Yes
7	University of Richmond	$72,000	$79,683	11.00%	VA	No
8	University of California, Davis	$95,438	$109,075	14.00%	CA	Yes
9	University of California, Berkeley	$139,628	$152,831	9.00%	CA	No
10	Harvard University	$149,820	$175,000	17.00%	MA	No
11	Emory University	$151,689	$149,759	-1.00%	GA	No

What is the Average ROI for MBA Programs in Consulting?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

For MBA programs in across the U.S., the ROI ranges from -1% to 243%.The lowest MBA ROI of -1% is from the program at Emory University.The highest MBA ROI of 243% is offered by The University of Texas at Dallas.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Consulting Programs

Easily sort the interactive table below to find the best Consulting MBA programs by ROI to find and to compare MBA programs in Consulting. Click on any school for a comprehensive school profile.

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	The University of Texas at Dallas	243.00%	$45,000	$123,163	TX	Yes
2	University of Wisconsin-Madison	114.00%	$55,575	$118,983	WI	Yes
3	The Pennsylvania State University	87.00%	$61,236	$114,483	PA	Yes
4	Rowan University	85.00%	$37,391	$69,300	NJ	Yes
5	Temple University	60.00%	$60,000	$95,989	PA	Yes
6	Drexel University	47.00%	$59,241	$87,061	PA	Yes
7	Harvard University	17.00%	$149,820	$175,000	MA	No
8	University of California, Davis	14.00%	$95,438	$109,075	CA	Yes
9	University of Richmond	11.00%	$72,000	$79,683	VA	No
10	University of California, Berkeley	9.00%	$139,628	$152,831	CA	No

ROI for MBA Programs

• Average: 186%
• Lowest: -1%
• Highest: 243%

What is the Average GMAT Score Needed for an MBA Program in Consulting?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Consulting is 648 with a highest of 730 and the lowest of 532

The average GMAT score needed for a Consulting MBA program from an institution is between 532 from Rowan University to 730 from Harvard University. The average GMAT scores for Consulting MBA programs is 648.

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. The average GMAT Score for on-campus MBA programs in Consulting is a 648.17 compared to an average MBA program score of 648.17. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.

Average GMAT Score for MBA Programs in Consulting

• Average: 648
• Lowest: 532
• Highest: 730

No GMAT or GRE: Best MBA Programs in Consulting

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

Alumni from Schools Offering an MBA in Consulting

There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Consulting MBA programs, the range for full-time enrollment is between 8 and 3,836. For part-time enrollment, the range is between : 11.00 and : 1,575.00.

Average Enrollment for MBA Programs Offering an MBA in Consulting

• Lowest: 8 from University of Richmond
• Highest: 3,836 from The University of Texas at Dallas
• Average: 720 from 12 MBA Programs.

Student / Faculty Ratio for MBA Programs in Consulting

For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Consulting Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.

Top 10 Concentrations Available from Schools Also Offering an Degree in Consulting?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Consulting businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

• Finance: 12
• Consulting: 12
• Marketing: 12
• Entrepreneurship: 12
• Data Analytics: 11
• Information Systems: 11
• General Business: 11
• Accounting: 10
• Management: 10
• Supply Chain: 9

Here are the top schools offering the widest variety of concentrations to choose from:

• David B. O’Maley College of Business: 30
• Nova Southeastern University: 25
• University of Cincinnati: 24
• Suffolk University: 23
• Drexel University: 23
• Temple University: 23
• Harvard University: 23
• Georgia State University: 22
• The Ohio State University: 22
• University of Baltimore: 22

The Importance of MBA Accreditation for MBA Programs

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available for Consulting MBA Programs

Options for earning your Consulting MBA have never been more flexible. Consulting MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

There are 12 Consulting accredited MBA programs. 1 private and 7 public schools offering Consulting MBA programs.

Number of Award Earned for MBA Programs Offering an Consulting Degree

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 12 accredited MBA programs offered in Consulting, 11 of them have been recognized by at least one distinguished publication PQ, US News, Forbes, BW, FT, Economist and MBAGuide garnering an award as one of the best MBA programs in the country.

• University of California, Berkeley: 7
• The Pennsylvania State University: 7
• Harvard University: 7
• Emory University: 7
• University of Wisconsin-Madison: 7
• The University of Texas at Dallas: 6
• Temple University: 6
• University of California, Davis: 5
• Drexel University: 3
• Rowan University: 1
• University of Richmond: 1

Publications and the number of awards granted for an MBA degree in Consulting :

• US News: 9
• Forbes: 8
• BW: 6
• FT: 7
• Economist: 7
• MBAGuide: 11

How We Rank the Best MBA Programs in Consulting

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

What is an MBA in Consulting?

MBA degrees remain the most in-demand in the corporate world and are also one of the most desirable advanced degrees in postsecondary learning. MBA admissions at academic institutions more than doubled in 2019 compared to the previous decade. Similarly, elite universities, listed in the top ten by US News, got a record number of applicants.

Every firm requires a consulting professional, particularly when it is in a difficult situation owing to the current financial climate, or when it is unable to accomplish its objective due to an internal conflict, or when it is hampered in its ability to expand beyond the initial growth. This is when MBA consultants are helpful.

An MBA in consulting teaches people how to hone the abilities that consulting organizations are looking for, such as corporate conflict resolution, marketing, strategic planning, and business scenario and problem assessment.

MBA applicants aspire to work in business consulting, which is among the most sought-after MBA occupation. In fact, according to the GMAC’s “2019 annual prospective students survey,” 29% of candidates were interested in consultancy as a post-MBA job.

The “MBB firms,” McKinsey, Bain, and BCG, claimed base wages of over $165,000 with joining incentives of $35,000 or more. This raises the total payout to a mind-boggling $200,000.

Therefore, the finest and brightest MBA students are drawn to

What is the Outlook for Consulting Management Careers?

Management consultants are employed to investigate methods to enhance a company’s efficiency and revenues. Management consultants gather and assess information about a company’s operations before making recommendations for cost-cutting or revenue-boosting adjustments. Consultants frequently provide their advice in the form of a written report and oral communication, which can aid in implementing their recommendations.

Hundreds of eager college grads and seasoned industry veterans are looking forward to and concerned about the management consulting employment prospects for 2021. For a decade, the consulting employment market has been gradually increasing year after year.

With each passing year, the employment market grew stronger. This is partly due to the success of the management consulting business as a whole, which had risen to $160 billion in global revenue by 2019.

Between 2018 and 2028, the Bureau of Labor Statistics predicts a 13.5% increase in jobs for management consultants. During that time, an estimated 99,900 positions should become available. In 2019, the average salary for management consultants was $85,260. The top 25 percent earned $113,770, while the bottom 25 percent earned $64,060.

The management consulting sector now has a market capitalization of $250 billion. This vast, extremely profitable sector is still expanding internationally, with hotspots in the United Kingdom and the United States.

Employment of management analysts is projected to grow 14 percent nationwide from 2018 to 2028, faster than the average for all occupations, according to the BLS.

State	2018	2028	Change	%Change	Avg. Annual Openings
United States	876,300	994,600	118,300	13.5	99,900
Alabama	6,510	7,520	1,010	15.5	760
Alaska	520	530	10	1.9	50
Arizona	8,370	9,960	1,590	19	1,020
Arkansas	6,860	8,320	1,460	21.3	860
California	134,600	153,300	18,700	13.9	15,430
Colorado	13,710	17,520	3,810	27.8	1,850
Connecticut	11,120	12,400	1,280	11.5	1,240
Delaware	2,980	3,280	300	10.1	330
District of Columbia	24,750	29,910	5,160	20.8	3,090
Florida	55,200	66,980	11,780	21.3	6,930
Georgia	23,960	28,800	4,840	20.2	2,970
Guam	140	170	30	21.4	0
Hawaii	2,740	3,120	380	13.9	310
Idaho	2,760	3,030	270	9.8	30
Illinois	46,630	52,970	6,340	13.6	5,330
Indiana	12,560	14,340	1,780	14.2	1,440
Iowa	5,760	6,520	760	13.2	650
Kansas	6,060	6,850	790	13	690
Kentucky	5,490	6,520	1,030	18.8	670
Louisiana	3,440	3,430	-10	-0.3	0
Maine	1,440	1,550	110	7.6	150
Maryland	24,930	29,550	4,620	18.5	5,130
Massachusetts	32,890	36,470	3,580	10.9	3,630
Michigan	19,060	19,950	890	4.7	1,930
Minnesota	18,360	20,490	2,130	11.6	2,040
Mississippi	2,880	2,930	50	1.7	10
Missouri	9,060	10,020	960	10.6	1,000
Montana	720	860	140	19.4	90
Nebraska	2,910	3,310	400	13.7	330
Nevada	4,790	5,900	1,110	23.2	610
New Hampshire	2,840	3,260	420	14.8	330
New Jersey	17,980	20,260	2,280	12.7	2,030
New Mexico	3,230	3,750	520	16.1	380
New York	57,160	66,690	9,530	16.7	6,790
North Carolina	21,620	25,160	3,540	16.4	2,560
North Dakota	620	710	90	14.5	70
Ohio	24,080	27,000	2,920	12.1	2,700
Oklahoma	6,050	6,800	750	12.4	680
Oregon	9,980	12,240	2,260	22.6	1,270
Pennsylvania	31,720	35,350	3,630	11.4	3,520
Puerto Rico	3,510	3,950	440	12.5	400
Rhode Island	3,920	4,450	530	13.5	450
South Carolina	10,980	13,060	2,080	18.9	1,340
South Dakota	3,330	3,760	430	12.9	380
Tennessee	9,810	11,070	1,260	12.8	1,110
Texas	44,820	56,770	11,950	26.7	5,980
Utah	5,320	7,460	2,140	40.2	820
Vermont	1,180	1,330	150	12.7	130
Virgin Islands	70	80	10	14.3	10
Virginia	61,910	70,810	8,900	14.4	7,140
Washington	31,040	40,010	8,970	28.9	5,150
West Virginia	2,340	2,720	380	16.2	280
Wisconsin	14,690	16,770	2,080	14.2	1,690
Wyoming	490	610	120	24.5	60

Where do Management Consultants MBAs Work?

Management consultants assist domestic and international customers (institutions, managers, entrepreneurs, and teams) in identifying and resolving difficult business, administrative, and operational issues, as well as defining and improving procedures.

It may be a very competitive and challenging field. It can, however, bring several long-term rewards and professional advantages. Within enterprises, management consultants have the opportunity to collaborate with senior teams and chief execs. This helps with the development of strong relationships and the formation of a supportive network.

Frequent and intense traveling itineraries, prolonged working hours, continuous learning and growth, tight team cooperation, and an emphasis on short and long-term initiatives are typical characteristics of the field.

Management Consultants held about 907,600 jobs in 2020. The largest employers of management analysts were as follows:

Professional, scientific, and technical services	31%
Government	17
Self-employed workers	16
Finance and insurance	13
Management of companies and enterprises	5

Management Consulting Earnings by State and Experience

An entry-level management consultant with less than one year of experience can expect to make $71,268 on average. The overall average income for an early career Management Consultant with 1-4 years of experience is $82,551. The average total income for a mid-career Management Consultant with 5-9 years of professional experience is $103,365.

The average total income for a Management Consultant with 10 to 19 years of employment is $125,184. Professionals with 20 years or more on the job receive an average total remuneration of $129,019.

State	Employment	1 to 4 Years	5 to 9 Years	10 to 19 Years	20+ Years
Alabama	4,640	$53,350	$68,770	$115,120	$158,950
Alaska	410	$65,070	$76,900	$117,890	$147,670
Arizona	13,110	$45,530	$57,940	$109,040	$134,210
Arkansas	5,550	$27,650	$31,440	$85,790	$111,910
California	101,240	$55,040	$68,930	$118,150	$160,620
Colorado	11,890	$55,260	$71,370	$124,340	$164,320
Connecticut	8,590	$59,340	$73,940	$125,760	$172,360
Delaware	2,930	$48,490	$61,040	$106,180	$139,680
District of Columbia	17,870	$67,620	$86,340	$126,620	$159,690
Florida	52,670	$37,260	$49,450	$101,110	$140,260
Georgia	17,930	$53,470	$67,210	$115,340	$152,920
Hawaii	2,450	$53,830	$63,700	$94,950	$110,900
Idaho	2,940	$39,510	$50,800	$102,720	$131,480
Illinois	36,290	$53,220	$67,970	$123,690	$167,700
Indiana	11,270	$39,080	$53,800	$101,910	$130,790
Iowa	5,740	$51,290	$62,590	$99,880	$125,330
Kansas	5,660	$41,710	$52,290	$98,040	$134,100
Kentucky	6,210	$36,690	$51,470	$96,880	$134,650
Louisiana	3,570	$48,690	$60,920	$100,350	$125,050
Maine	1,400	$51,890	$59,760	$99,190	$118,620
Maryland	19,790	$56,980	$77,160	$123,190	$145,560
Massachusetts	26,920	$60,820	$76,840	$135,320	$180,770
Michigan	14,420	$52,750	$67,160	$108,560	$143,520
Minnesota	16,990	$55,000	$67,460	$118,240	$161,200
Mississippi	2,000	$39,180	$48,310	$92,430	$113,400
Missouri	12,320	$45,660	$60,770	$107,720	$135,170
Montana	1,180	$52,910	$61,130	$91,810	$105,490
Nebraska	2,850	$47,700	$58,340	$98,650	$112,900
Nevada	4,610	$52,210	$59,600	$96,370	$123,110
New Hampshire	2,990	$55,420	$69,450	$118,520	$149,710
New Jersey	17,360	$57,580	$77,880	$136,530	$175,900
New Mexico	3,480	$46,380	$56,510	$97,920	$120,820
New York	51,820	$55,450	$71,760	$135,350	$193,240
North Carolina	19,100	$51,980	$67,040	$122,330	$162,220
North Dakota	590	$45,450	$54,610	$88,390	$113,540
Ohio	23,320	$49,740	$62,770	$106,880	$143,180
Oklahoma	5,350	$44,220	$59,480	$97,340	$121,190
Oregon	9,070	$59,740	$70,950	$106,000	$132,740
Pennsylvania	25,150	$53,500	$64,030	$109,090	$140,940
Rhode Island	3,350	$54,460	$66,390	$110,140	$140,160
South Carolina	12,530	$40,400	$56,950	$101,090	$139,190
South Dakota	2,670	$46,930	$56,450	$91,470	$111,430
Tennessee	10,220	$49,290	$60,480	$95,990	$115,960
Texas	42,470	$57,360	$70,770	$113,370	$141,590
Utah	4,170	$35,720	$50,410	$90,080	$114,290
Vermont	1,140	–	–	–	–
Virginia	46,820	$60,060	$75,600	$127,490	$165,040
Washington	22,990	$58,570	$73,830	$133,030	$172,550
West Virginia	2,130	$32,440	$52,910	$96,240	$113,790
Wisconsin	13,290	$52,540	$64,410	$105,750	$146,180
Wyoming	490	$53,850	$63,130	$117,200	$169,260

What Can I Do with An MBA In Consulting?

An MBA in consulting is a great degree option for people who want to work in finance and economics in a team setting. Professionals with an MBA in consulting can work in a variety of industries, including business, nonprofits, and government.

A management consultant acts as an independent third party who does in-depth study and analysis before offering an unbiased view and viewpoint on challenging challenges and complicated company difficulties.

Management consultants provide hands-on project leadership and management skills advising, including project delivery, completion, and evaluation, to top management and corporate program managers.

• Strategy Consulting: When a company’s senior management wants outside help, they turn to strategy consultants. A strategy consultant may be hired by the management team to assist them in determining the optimal plan of action. The consultant may assist them in their decision-making approach by assisting them in determining what adjustments must be made in order for the company to continue ahead.
• Operations Consulting: Companies may hire operations consultants to help them save expenses and increase efficiency. These professionals are experts in procurement practices, systems integration, and process evaluations. Frequently, they will be involved in the introduction of the new operations architecture.
• Financial Consulting: Consultants in the field of finance frequently assist businesses in lowering their tax burden and improving their profitability. Consultants may examine investment options and estimate the risk associated with each. Depending on the sort of financial advice they provide, financial advisors may require accreditation.
• Marketing Consulting: Given the wide variety of marketing platforms accessible today, it’s easy to see why firms appreciate marketing consultants’ advice. These experts can assess a company’s market position and recommend the optimal growth strategy. Marketing consultants, for example, may decide to produce material via digital media.

What Skills Do I Need to Be Successful in Consulting?

Management consulting is the job for you if you’re self-motivated, love problem solving, and want to help businesses run more efficiently. Management consultants assist businesses in resolving problems, creating value, maximizing growth, and improving overall performance.

They apply their professional skills to give impartial counsel and knowledge, as well as to assist a company in developing any particular talents it may lack.

You’ll be essentially focused on a company’s strategy, organization, management, and administration. Your job includes identifying choices for the company and making change suggestions, as well as recommending extra resources to help execute solutions.

 You also must possess the following skills to be successful in consulting:

• Being a team player: Among the major components of becoming a successful consulting professional is the capacity to operate as part of a team. Rather than going on solo adventures and choosing isolation, being a team player is of utmost importance as a consultant.
• Social, oral, and writing communication abilities: A consultant needs to be in sync with the rest of the components of the team. Therefore, you need the best socialization skills along with oral and written prowess. This will allow you to express yourself in clear terms without offering a veil of ambiguity.
• Inventiveness and ingenuity: Rather than relying on age-old practices, you need to evolve, adapt, and move forward continuously. Therefore, a touch of ingenuity is necessary for management consultants.
• Aptitude for solving problems and preparing strategically: How long will you survive in the field if you cannot overcome your obstacles. So, you need to be quick and efficient at solving everyday problems and formulate strategic routes to deliver the best results.
• Analytical abilities: Deep analysis is the crux of good management consulting. Therefore, you need to develop hardcore analytical abilities to offer fitting plans for growth and evolution quickly.
• The ability to deal with continuous stress and adversity: Management consulting is not an easy profession. It’s like swimming upwards against a stream, and you need to put your game face on every single day. Therefore, you need to be able to battle stress and adversity against all odds.
• Economic understanding and comprehension of business contexts: This is a given. You have to be the best at the economic understanding of variable and fixed elements of business contexts to excel in the field and help organizations move forward.

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

Expect to take a variety of course. Your curriculum will vary, however, typical classes you you can expect to take are similar to the Contusing MBA ones you find at W. P. Carey School of Business as follows:

Required Courses

You must complete the following required courses plus at least one course from the list of electives in order to complete the concentration in consulting.

• Management Consulting: Essential Skills
• Mastering the Art of Influence & Negotiations
• Management Consulting in Action
• Management Consulting: Driving Organizational Change

Electives

• Business Process & Workflow Analysis
• IT Services and Project Management
• Global Business Environment
• Perspective on the Global Economy
• Entrepreneurial Management
• Global Immersion Project
• Decisions Models for Supply Chain Management
• Data-Driven Quality Management
• Analytical Decision Making Tools I
• Analytical Decision Making Tools II
• Global Intensive Trek – Japan

How Much Does an Consultant with an MBA Degree Earn?

Consultants with MBA degrees can expect to earn substantial salaries, with compensation increasing significantly as they progress in their careers. Here’s an overview of MBA consultant salaries at different career stages:

Entry-Level (0-3 years experience)

• Base salary range: $90,000 to $150,000
• Total compensation (including bonuses): $120,000 to $200,000

At top consulting firms like McKinsey, Bain, and Boston Consulting Group (MBB), entry-level MBA consultants can earn even higher:

• Base salary: $190,000 to $192,000
• Total compensation: Up to $285,000 (including performance bonuses and signing bonuses)

Mid-Career (4-9 years experience)

• Base salary range: $150,000 to $250,000
• Total compensation: $200,000 to $400,000

Mid-career consultants at top firms may earn:

• Base salary: $250,000 to $320,000
• Total compensation: Up to $550,000

Late Career (10+ years experience)

• Base salary range: $250,000 to $400,000+
• Total compensation: $400,000 to $1,000,000+

Senior consultants and partners at prestigious firms can earn even more:

• Base salary: $400,000 to $700,000+
• Total compensation: $1,000,000 to $3,000,000+ (including profit sharing and equity)

Factors Affecting Salary

1. Firm prestige and size
2. Geographic location
3. Industry specialization
4. Performance and client relationships
5. Additional certifications or specialized skills

It’s important to note that these figures represent a range, and actual compensation can vary widely based on individual performance, firm, and location. Additionally, many consulting firms offer comprehensive benefits packages, including health insurance, retirement plans, and professional development opportunities.