Principal consultants may be employed by corporations or firms, and they are also private contractors. Their ranges of jobs, responsibilities and duties vary from mortgage fraud auditing, quality assurance consulting, and loan work-out consulting (loss mitigation) to investment and fund managers to business and technology consultants. There are hundreds of job titles that easily lend themselves to the job title "principal consultant."
Salary Ranges
1. Salary ranges for principal consultants depend on the job and what kind of work it entails. The salaries depend on the industry it is in, what level of education the consultant has, how many years of experience, what region they work in and the nature of the work involved. The average salary of a principal consultant is from $94,000 to a little more than $110,000 per year.
Senior Principal Consultant
2. Senior principal consultants can be software engineers, technical support staff, software development managers, and applications engineers. Senior principal consultants earn about $76,000 per year depending on the company they work for.
Principal Consultant
3. Principal consultants in California make about $81,000 per year, per Simply Hired. The average salary in Colorado is $82,000 per year. The average in Illinois is about $80,000 per year and in New York, it is in the mid-80s ($85,000 annually). Principal consultants work in information technology, the life sciences, logistics and sales, as well as many other fields and industries.
Principal Sales Consultant
4. Principal sales consultant jobs cover a multitude of positions and skill levels. For instance, a principal sales consultant in the private sector who works with government accounts may be responsible for technical presales, functional support, mentoring less experienced sales consultants, and developing sales opportunities in need of creative solutions. They also help to develop productivity tools and training, and many are likely private contractors. On average, a principal sales consultant in Los Angeles makes around $84,000 per year and a consultant in Washington, DC makes $102,000 per year.
Companies that Hire Principal Consultants
5. All of the many different job titles and salary ranges under principal consultant cannot be covered here. This section lists the names of a few of the many companies that higher principal consultants. They are Oracle, Accenture, Sogeti USA, Keane, International Business Machines (IBM), SRA International, RCM Technologies, SAP America, Fujitsu Consulting, PricewaterhouseCoopers and many more. The salary ranges of principal consultants for these companies tend to fall between $80,000 to $170,000 or more per year.
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