business consulting

Booz Allen Hamilton Consultant Salary

By Lisa Washington 29 May, 2023 1 mins read

Booz Allen Hamilton is one of the top US consulting firms. Booz Ally Hamilton invests heavily to develop its human capital. This creates an environment that attracts and keeps top talent. While most businesses invest in physical security, the consulting industry focuses on building a culture where employees want to return to work. Booz Allen allows you to save up to $1,000 on your checking accounts. That's quite a milestone, and it's a fantastic opportunity to make a difference.

booz allen hamilton senior consultant salary

Booz Hamilton pays on average $88,939 per yr for senior consultant positions. There are many different levels of salary, with Senior Managers being the highest paid. Sr Consultants are those with three to five-years of experience. The average annual salary for employees in the USA is $62,000 to $129.843.

Booz Allen Hamilton's employees are paid differently depending on their job. IT and engineering employees earn the most. IT employees average $99,199. Average salaries for administrative and human resources workers are $63,014. These salaries will vary depending upon your job role.

Booz-Allen Hamilton's senior consultant salary depends on many factors, such as education level and geographic location. It also depends upon whether you are a lateral employee or an in house hire. Typically, lateral hires get the same salary as graduates of an educational program. The consulting industry is facing increased competition from large corporations as well as boutique firms that are expanding their strategy departments. This competition creates a favorable environment for increasing salaries in the consulting industry.

Booz Alle Hamilton senior consultants can expect to make up to $93,000 annually. This is significantly more than the national median. The average hourly wage for a senior consultant is $45 and there is no sign that the industry will slow down. However, this is just an estimate of the salary for a senior consultant.

FAQ

What skills is required to consult?

Consultants should be able to communicate effectively and have excellent analytical skills. This is because you could be asked questions or not know what you are doing. You need to be able to manage people quickly and solve problems efficiently.

Communication skills are essential. Most clients expect an answer within 24 hours. If they don't hear anything, it is likely that they aren't interested in you. It is vital to inform them and make sure that they are fully informed.

How is consulting different to freelancing

Freelancers can be self-employed people who provide their services to clients, without the involvement of employees. They charge hourly rates depending on the amount of time spent on a client's projects. Consultants usually work for agencies or companies that employ them. Their salaries are paid usually monthly or annually.

Consultants often have more flexibility, while freelancers can choose to work when they want and set their own rates. Consultants have better benefits, like health insurance, vacation time, sick leave, retirement plans and etc.

How much are consultants paid?

Some consultants make over $100k per year. However, most consultants only make $25-$50k. The average salary for a consultant is $39,000. This includes both hourly and salaried consultant.

Salary depends on experience, location, industry, type of contract (contractor vs. employee), and whether the consultant has his/her own office or works remotely.

Which industries use consultants

There are many types. Some focus on one particular type of business while others specialize in more than one area.

While some consultants only work for private companies, others represent large corporations.

Some consultants can also help businesses all around the globe.

Is it possible to run a consultancy business from home?

Absolutely! This is something that many consultants do already.

Many freelancers work remotely via tools such as Skype, Trello and Basecamp. They may even create their own office space in order to take advantage of company perks.

Freelancers may prefer to work in libraries or cafes rather than in traditional offices.

Others choose to work at home because they love being with their children.

There are pros and cons to working remotely. It is worth it if you love your work.

Who hires consultants?

Many organizations hire consultants to assist with projects. These can include small businesses and large corporations, government agencies as well non-profits and educational institutions.

Some consultants work directly for these organizations, while others freelance. The hiring process for both cases varies depending upon the project's size and complexity.

Many rounds of interviews are required when hiring consultants. Then, the final decision will be made about who you believe is best for the job.

What can I expect of my consultant?

After you have selected your consultant, expect to hear from them within a few business days. They will often ask about your company's mission, goals and products. Then, they'll send over a proposal outlining the scope of work, estimated time frame, fees, deliverables, milestones, etc.

If all goes according to plan, the two sides will sign a written deal. The type relationship between the two sides (e.g. employee-employer or independent contractor-employer) will dictate the terms of the contract.

If all goes well, the consultant will start working immediately. The consultant will have full access to your files and resources. You'll also have access to their skills and knowledge.

Don't think that consultants are experts. It takes practice and hard work to become an expert in the field you are consulting. So, don't expect your consultant to know everything about your business.

Statistics

Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)