Given the increasing complexity of projects across all industrial sectors, companies are increasingly hiring consultant project managers to bring fresh skills, expertise and insights to their current workforce. This has resulted in a high demand for professionals who can fill this job role, making way for a high average consulting project manager salary.
So, if you are an individual with a business administration or management background, keep reading this blog. You will get to know how this job role may bring you high career growth prospects.
Who is a Consulting Project Manager?
A consulting project manager is a professional working as a consultant who is responsible for handling projects in his/her client’s organization. Such individuals have to work with multiple businesses, helping them with critical projects and also preparing managers to lead in their respective organizations.
Like project managers, consulting project managers handle all the aspects of a project’s lifecycle right from initiation to its completion. They help schedule product releases, provide forecasts, conduct risk management and optimize the production process. Online Project Management courses will help you boost your preparation and become the top project manager.
Consulting Project Manager Job Trends
Here are some important points regarding consulting project manager job trends:
- As per surveys, by 2028, the job growth rate for consulting project managers is predicted to rise by 11%.
- In the last 5 years, salaries for this job role have increased by 8%.
- Currently, the average consulting project manager salary ranges from $106K - $171K/year.
Consulting Project Manager Salary in 2024
The standard consulting project manager salary tends to vary based on several factors like years of experience, location, industry, skills, education and more.
Glassdoor1. Average Consulting Project Manager Salary
Mentioned below are the approximate consulting project manager salary 2024 rates:
Time Period | Average Salary |
Yearly | $134K/annum |
Monthly | $11,166/month |
Hourly | $64.42/hour |
2. Consulting Project Manager Salary: Based on Experience
Depending upon experience, here is the yearly package you can expect:
- Beginner: Beginner consultant project managers with less than 3 years of experience have an average salary of $93,504/annum.
- Intermediate: Candidates with 4 to 7 years of experience usually have an annual package of around $117,400.
- Advanced: The average senior project consultant salary for candidates having more than 7 years of experience ranges around $160,224/annum.
3. Consulting Project Manager Salary: Based on Location
Now, the approximate consulting project manager salary can also tend to vary with the location. Find the average salary packages for the world’s top IT destinations below:
A. India
Listed below is the standard PM consulting salary you can expect in the top Indian cities:
City | Average Salary |
Bengaluru | ₹16.0 lakh/annum |
Mumbai | ₹17.0 lakh/annum |
Hyderabad | ₹13.1 lakh/annum |
Pune | ₹13.6 lakh/annum |
Chennai | ₹18.0 lakh/annum |
New Delhi | ₹12.5 lakh/annum |
Kolkata | ₹12.5 lakh/annum |
Lucknow | ₹8.5 lakh/annum |
Ahmedabad | ₹7.9 lakh/annum |
Gurgaon | ₹14.6 lakh/annum |
Here is the average program management consultant salary across the highest-paying Indian companies:
Company | Average Salary |
Oracle | ₹38.3 lakh/year |
Tata Consultancy Services | ₹17.8 lakh/year |
Ernst & Young | ₹15.7 lakh/year |
Mastech InfoTrellis | ₹19.3 lakh/year |
Accenture | ₹17.4 lakh/year |
Oracle Financial Services Software | ₹18.2 lakh/year |
Wipro | ₹15 lakh/year |
Amnex Infotechnologies | ₹6.7 lakh/year |
Tata Power Delhi Distribution | ₹7.4 lakh/year |
CODE Cloud Web | ₹8.6 lakh/year |
B. US
Consulting project manager salary in the top cities across the United States are:
City | Average Salary |
California | $130,000/annum |
South Carolina | $186,225/annum |
Oklahoma | $139,913/annum |
Massachusetts | $140,644/annum |
Arizona | $119,594/annum |
North Carolina | $119,925/annum |
Georgia | $126,750/annum |
Connecticut | $117,000/annum |
Maryland | $117,500/annum |
New York | $118,401/annum |
Find the standard consulting project manager salaries offered by the top US employers below:
Company | Average Salary |
Oracle | $166,430/year |
Configure One | $124,140/year |
HCA Healthcare | $128,954/year |
Autodesk | $176,879/year |
Dell Technologies | $244,911/year |
Edifecs | $141,104/year |
Meta | $216,235/year |
Environmental Corporation of America | $124,561/year |
Huron Consulting Group | $138,238/year |
Walmart | $231,458/year |
C. UK
Here is the consulting project manager salary in the top cities across UK:
City | Average Salary |
Bristol | £49,879/annum |
Glasgow | £47,642/annum |
London | £45,815/annum |
Birmingham | £45,259/annum |
Runcorn | £42,272/annum |
Edinburgh | £40,864/annum |
Manchester | £35,787/annum |
Leeds | £35,497/annum |
Reading | £34,325/annum |
Below are the consulting project manager salaries across the highest-paying companies in UK:
Company | Average Salary |
Accenture | £61,324/year |
ALTRAD Group | £81K -£109K/year |
MI-GSO | PCUBED | £47,200/year |
Lloyds Banking Group | £70K -£76K/year |
FDM Group | £37K -£39K/year |
Virgin Media | £26K -£28K/year |
Atkins | £38K -£42K/year |
M·A·C Cosmetics | £56K -£61K/year |
ALTEN | £35K -£38K/year |
BAE Systems Digital Intelligence | £66K -£72K/year |
D. Australia
The average PMP consultant salary in the leading Australian cities is as follows:
City | Average Salary |
Melbourne | $119,320/annum |
Perth | $115,173/annum |
Sydney | $107,125/annum |
Brisbane | $97,974/annum |
Darwin | $97,927/annum |
Ballarat | $82,831/annum |
Consulting project manager salaries in the top Australian companies are as follows:
Company | Average Salary |
IMA Management & Technology | $125K -$134K/year |
Slattery | $124K -$136K/year |
PM-Partners Group | $118K -$129K/year |
Jacobs | $116K -$126K/year |
Oracle | $171K -$214K/year |
AIC Asia Services | $159K -$171K/year |
Accenture | $160,584/year |
Deloitte | $134,000/year |
KPMG | $120,000/year |
PwC | $130,119/year |
E. Canada
Project manager consultant's hourly rate for the top Canadian cities is as follows:
City | Average Salary |
British Columbia | $48.05/hour |
Ontario | $60.19/hour |
Alberta | $63.28/hour |
Here are the average consulting project manager salaries across the leading Canadian firms:
Company | Average Salary |
Oracle | $178K -$191K/year |
WSP | $104K -$112K/year |
Indeed | $42K -$46K/year |
Greater Toronto Airports Authority | $159K -$171K/year |
HOOPP | $182K -$196K/year |
Simon Fraser University | $64K -$69K/year |
UKG | $79K -$86K/year |
@home | $32K -$34K/year |
Deloitte | $141,450/year |
EcoPowertrain Consulting | $80 -$86/hour |
F. Singapore
The yearly senior project manager consultant salary package you can expect in the top cities in Singapore is as follows:
City | Average Salary |
Raffles | $8,160/month |
Singapore | $6,167/month |
Jurong Island | $5,452/month |
Ang Mo Kio | $5,415/month |
Geylang | $5,396/month |
Outram | $5,360/month |
Woodlands | $5,309/month |
Clementi | $5,280/month |
Bedok | $4,959/month |
Here is the average consulting project manager salary across the top employers in Singapore:
Company | Average Salary |
Achieve Group | SGD 2,950/month |
MAERSK | SGD 3T -SGD 3T/month |
Johnson & Johnson | SGD 95T -SGD 1L/year |
HP Inc. | SGD 3T -SGD 3T/month |
ExxonMobil | SGD 4T -SGD 5T/month |
National University Hospital | SGD 4T -SGD 4T/month |
Accenture | SGD 1,48,440/year |
Deloitte | SGD 1,36,500/year |
KPMG | SGD 8,033/month |
National University of Singapore | SGD 3,200/month |
4. Consulting Project Manager Salary: Based on Industry
Given their expertise in handling various types of projects, consulting project managers are hired across several industries. This factor also plays a role in determining their average yearly packages.
Find the standard program manager consultant salary in different industrial sectors in the table below:
Industry Sector | Average Salary |
Technology | $107,463/annum |
Manufacturing | $100,923/annum |
Finance | $103,146/annum |
Education | $98,560/annum |
Health Care | $99,514/annum |
Professional | $96,511/annum |
Hospitality | $97,954/annum |
5. Consulting Project Manager Salary: Based on Job Roles
Each company may have a different requirement for hiring a consulting project manager. Based on this, their average salaries will tend to differ. Some businesses may need leadership in handling projects while others may need such professionals for conducting Scrum sessions. Alongside, PMP classes will support you ace your PMP exam in the first go.
Find the standard consulting project manager salary across various job roles in the table below:
Job Role | Average Salary |
Lead Program Manager | $89,000 - $158,000/annum |
Manager and Consultant | $112,992/annum |
Project Manager/Scrum Master | $95,047/annum |
Program Manager | $96,084/annum |
Project Manager/Team Lead | $106,977/annum |
Information Technology Project Manager | $106,981/annum |
Factors Affecting Consulting Project Manager Salary
Here are the major factors which affect the average consulting project manager salary:
1. Location
Find in the table below the approximate consulting project manager salary range across the world’s top IT destinations:
Location | Average Salary |
India | ₹6 lakh - ₹33 lakh/year |
USA | $106K - $171K/year |
UK | £45K - £75K/year |
Canada | £45K - £75K/year |
Australia | $120K - $155K/year |
Singapore | SGD 3,180 - SGD 26,400/month |
2. Experience
Below is the average consulting project manager salary based on experience:
Experience | Average Salary |
Less than 3 years | $93,504/annum |
4 to 7 years | $117,400/annum |
7+ years | $160,224/annum |
3. Demand and Supply
Demand and supply play a major role in determining the average consulting project manager salaries. In locations and industry sectors where the demand is high for such professionals, the salaries will automatically be higher.
However, if supply is equal to or more than the demand, yearly packages in such cases will be lower. For example, the average yearly consulting project manager salary in Washington DC is $147,057. Whereas the standard salary for this job role in Phoenix is $106,738 per annum.
Thus, before starting your career as a consultant project manager, assessing the demand in your target location and industry is a must.
4. Certifications
Having the right certifications can help you avail higher consulting project manager salaries. Here are some which you can consider:
Certifications | Average Salary |
Master Project Manager (MPM) | $112,000 per annum |
Project Management Professional (PMP) | $93,000 per annum |
Six Sigma Green Belt | $110,500 per annum |
Certified Scrum Master (CSM) | $114,000 per annum |
Certified Manager Certification (CM) | $85,500 per annum |
5. Skills
Your skill sets also play a major role in determining your annual package. Here is a list of skills that recruiters usually expect in consulting project manager candidates:
- Project scope
- Project management
- Executive management
- Business development
- CRM
- Scrum
- Market data analysis
- Client handling
- Communication
- Leadership
- Coaching
- Adaptability
- Conflict management
How to Improve Consulting Project Manager Salary?
These are some of the ways you can improve your consulting project manager salary:
- Skills: Having a varied skill set increases your ability to handle multiple tasks, along with your value as an employee. Thus, upgrading your current skill sets can be an effective way to get higher consulting project manager salaries.
- Certifications: When you have multiple certifications, it showcases your ability to learn new things and the desire to improve your skills. It also indicates your proficiency in your respective field, making way for better job and salary prospects.
- Degrees: Recruiters usually look for consulting project managers with a bachelor’s degree in engineering, management, finance or business administration. Additionally, having an MBA will help you gain the skills to successfully lead a team and finish a project.
- Experience: Usually, consulting project managers have prior experience working in related job roles like project analyst, project coordinator or project manager. So, gaining experience in such roles before opting for a consultant project manager position can be beneficial. You can also consider opting for online PRINCE2 Foundation and Practitioner training to gain industry-agnostic project management skills. It is a self-paced online course which you can attend as per your schedule.
Why are Consulting Project Managers Paid So Much?
Consulting project managers get hired by companies to bring their expertise, industry knowledge and insight into their workforce. These individuals work on multiple projects across different organizations and also help other managers prepare for leadership roles.
Their duties generally involve understanding the client’s objectives, developing project plans, leading teams, assessing and mitigating risks, monitoring progress and setting project goals. Hence, in comparison to other consultant roles, the salaries of consulting project managers are usually on the higher side.
Salary Growth and Projections
Between 2019 and 2024, the average consulting project manager salary has increased from $93,200 to $101,000. Emerging technological innovations, rising complexity of projects and increasing competitiveness in the market will drive up the demand for professionals who can fill the consulting project manager job role.
Thus, as per experts, both job openings and salary prospects for this role will increase in the long run.
Conclusion
Now that you know the standard consulting project manager salary, you are ready to make an informed choice about your career. However, please remember that the certifications you may need in order to apply for this job role may be tough to crack. Thus, professional guidance is recommended so that you can clear such exams on the first go.
In this regard, KnowledgeHut's Project Management training classes can be a reliable choice. Our flexible learning options allow you to attend courses live or as per your schedule. Furthermore, our weekly mentorship program ensures that you keep improving your concepts, accuracy and speed.
![Consulting Project Manager Salary in 2024 [Freshers & Experienced]](/_next/image?url=https%3A%2F%2Fd2o2utebsixu4k.cloudfront.net%2Fmedia%2Fimages%2F27038d36-abe0-4ddd-8820-7a5882588c42.png&w=1920&q=75)
