Management Consultant Salary in Memphis
2026 compensation data for Management Consultant positions in Memphis, TN. Ranges from $62,000 (entry-level) to $185,000 (senior). Median: $104,000.
Median (Mid)
$104,000
$50/hr
vs National
+3%
US: $101,000
COL Index
88
vs US avg = 100
Senior Max
$185,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $62,000 | $72,000 | $84,000 | $34.62/hr |
| Mid-Level (3–5 yrs) | $84,000 | $104,000 | $123,000 | $50/hr |
| Senior (6+ yrs) | $123,000 | $151,000 | $185,000 | $72.6/hr |
What Your Salary Is Really Worth in Memphis
A mid-level management consultant earning $104,000 in Memphis has the same buying power as $118,000 in an average US city, after adjusting for the local cost of living (COL index 88).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Management Consultant Salaries in Memphis
The median management consultant salary in Memphis, TN is $104,000 for mid-level professionals, which is 3% above the national median. With a cost of living index of 88 (national average = 100), Memphis offers an affordable cost of living, making these salaries stretch further.
Entry-level management consultants in Memphis can expect to earn between $62,000 and $84,000 (about $34.62/hour), while senior professionals with 6+ years of experience earn up to $185,000 ($185K annually, or about $88.94/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Memphis.
Frequently Asked Questions: Management Consultant Salary in Memphis
What is the average Management Consultant salary in Memphis?+
The average Management Consultant salary in Memphis is $104,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $72,000 and senior-level pay reaches $151,000.
How much does an entry-level management consultant make in Memphis?+
Entry-level management consultants in Memphis earn between $62,000 and $84,000, with a median of $72,000 per year (about $34.62/hour).
What is the hourly rate for a Management Consultant in Memphis?+
Based on a 2,080-hour work year, a Management Consultant in Memphis earns roughly $34.62/hour at entry-level, $50/hour at mid-level, and $72.6/hour at senior-level.
Is the Management Consultant salary in Memphis higher than the US average?+
Yes — Management Consultant salaries in Memphis are about 3% higher than the US national median of $101,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
Negotiating a Management Consultant offer in Memphis?
Get personalized AI coaching based on real market data.
Management Consultant Salaries in Other Cities
Other Roles in Memphis
Know Your Worth as a Management Consultant in Memphis
You now have the data. Use our free AI negotiation coach to turn it into a strategy — get scripts, market context, and expert tactics for your specific situation.
Free · No signup · Instant answers