According to a the Association of Management Consulting Firms, typical earnings in 2004—including bonuses and profit sharing—averaged $52,482 for research associates in member firms; $65,066 for entry-level consultants; $89,116 for management consultants; $123,305 for senior consultants; $191,664 for junior partners; and $317,339 for senior partners. Only the most experienced workers in highly successful management consulting firms earn these top salaries.

Salaried management analysts usually receive common benefits, such as health and life insurance, a retirement plan, vacation, and sick leave, as well as less common benefits, such as profit sharing and bonuses for outstanding work. In addition, all travel expenses usually are reimbursed by the employer. Self-employed consultants have to maintain their own office and provide their own benefits.

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