Investment Banker vs Management Consultant salary
In United States, a investment banker earns about 29% more than a management consultant — $189,000 vs $146,000 per year.
Showing amounts in USD (USD default). FX as of Mon, 13 Jul 2026 00:02:31 +0000. Convert currencies
Pays more
Finance & Business
Investment Banker$189,000/yr
- Monthly
- $15,800
- Hourly
- $91
- Range
- $86,900–$313,700
- 10-yr outlook
- +7%
Finance & Business
Management Consultant$146,000/yr
- Monthly
- $12,200
- Hourly
- $70
- Range
- $80,300–$226,300
- 10-yr outlook
- +10%
Pay range, side by side
| Percentile | Investment Banker | Management Consultant |
|---|---|---|
| Entry (10th) | $86,900 | $80,300 |
| 25th | $138,000 | $113,200 |
| Median | $189,000 | $146,000 |
| 75th | $251,400 | $186,200 |
| Senior (90th) | $313,700 | $226,300 |
National United States figures in USD. 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 United States?
- A investment banker earns more, at about $189,000 per year vs $146,000 for a management consultant — roughly 29% ($43,000) more.
- What is the salary range for these roles in United States?
- A investment banker typically earns $86,900–$313,700, while a management consultant earns $80,300–$226,300 per year.
- How much do these jobs pay per month in United States?
- On a monthly basis before tax, a investment banker averages about $15,800 and a management consultant about $12,200.
- How do entry-level salaries compare?
- At the 10th percentile in United States, a investment banker earns about $86,900 while a management consultant earns about $80,300 per year.
- How do senior-level salaries compare?
- At the 90th percentile in United States, a investment banker earns about $313,700 while a management consultant earns about $226,300 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.