Investment Banker vs Management Consultant salary
In Canada, a investment banker earns about 32% more than a management consultant — $220,258 vs $167,311 per year.
Showing amounts in USD (USD default; source data is CAD). FX as of Mon, 13 Jul 2026 00:02:31 +0000. Convert currencies
Pays more
Finance & Business
Investment Banker$220,258/yr
- Monthly
- $18,355
- Hourly
- $106
- Range
- $101,305–$365,614
- 10-yr outlook
- +7%
Finance & Business
Management Consultant$167,311/yr
- Monthly
- $13,978
- Hourly
- $80
- Range
- $92,057–$259,368
- 10-yr outlook
- +10%
Pay range, side by side
| Percentile | Investment Banker | Management Consultant |
|---|---|---|
| Entry (10th) | $101,305 | $92,057 |
| 25th | $160,817 | $129,684 |
| Median | $220,258 | $167,311 |
| 75th | $292,972 | $213,340 |
| Senior (90th) | $365,614 | $259,368 |
National Canada figures in CAD. Individual pay varies with experience, employer, and location.
More Finance & Business comparisons
Frequently asked questions
- Does a investment banker or management consultant earn more in Canada?
- A investment banker earns more, at about $312,000 per year vs $237,000 for a management consultant — roughly 32% ($75,000) more.
- What is the salary range for these roles in Canada?
- A investment banker typically earns $143,500–$517,900, while a management consultant earns $130,400–$367,400 per year.
- How much do these jobs pay per month in Canada?
- On a monthly basis before tax, a investment banker averages about $26,000 and a management consultant about $19,800.
- How do entry-level salaries compare?
- At the 10th percentile in Canada, a investment banker earns about $143,500 while a management consultant earns about $130,400 per year.
- How do senior-level salaries compare?
- At the 90th percentile in Canada, a investment banker earns about $517,900 while a management consultant earns about $367,400 per year.
- Are investment banker and management consultant similar careers?
- Both roles sit in the Finance & Business category on Pay by Role, which is why we compare them head-to-head. Day-to-day work still differs — review each job page for skills and outlook.