Many financial consultants are employed by management consulting firms. Management consultants had median annual earnings of $83,610 in May 2018, according to the U.S. Department of Labor. Ten percent of consultants earned less than $48,360, and 10 percent earned $152,760 or more. Earnings for financial analysts were slightly higher, ranging from $52,540 to $167,420. Consultants who are paid by the hour can earn anywhere from $50 to more than $200 an hour.

Self-employed consultants must provide their own benefits, but salaried consultants may receive benefits such as health and life insurance, profit sharing, retirement plans, vacation and sick leave, and bonuses for outstanding work. Consulting firms and other employers typically reimburse consultants for their travel expenses.

Financial Consultants

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