Embodiments disclosed herein provide systems, methods, and computer readable media for managing data consumption rate in a virtual data processing environment. In a particular embodiment, a method provides, in a cache node of a host system, identifying read completions for one or more virtual machines instantiated in the host system, with the one or more virtual machines processing one or more processing jobs. The method further provides allocating the read completions to individual processing jobs of the one or more processing jobs and accumulating the read completions on a per-job basis, with the cache node determining a data consumption rate for each processing job of the one or more processing jobs.