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Advisor and consultant vs business advisor

The differences between advisor and consultants and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $80,661 average annual salary of an advisor and consultant.

The top three skills for an advisor and consultant include mutual funds, fixed income and client relationships. The most important skills for a business advisor are customer service, project management, and business operations.

Advisor and consultant vs business advisor overview

Advisor And ConsultantBusiness Advisor
Yearly salary$80,661$96,469
Hourly rate$38.78$46.38
Growth rate11%6%
Number of jobs96,691125,154
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 67%
Average age4444
Years of experience4-

What does an advisor and consultant do?

Advisors and consultants summarize and update the client's top management with accurate information relating to company management and finance. Besides preparing reports and investigating clients' needs, and promoting strong client relationships, advisors and consultants also offer services that result in a holistic technique to solve the current and future issues. They help the organization to have the expertise and specific skills it lacks. Moreover, advisors and consultants guide the organization on diagnosing various problems instead of waiting for the advisors' and consultants' assessments.

What does a business advisor do?

Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.

Advisor and consultant vs business advisor salary

Advisor and consultants and business advisors have different pay scales, as shown below.

Advisor And ConsultantBusiness Advisor
Average salary$80,661$96,469
Salary rangeBetween $51,000 And $126,000Between $67,000 And $138,000
Highest paying City-San Francisco, CA
Highest paying state-New Jersey
Best paying company-Amazon
Best paying industry-Technology

Differences between advisor and consultant and business advisor education

There are a few differences between an advisor and consultant and a business advisor in terms of educational background:

Advisor And ConsultantBusiness Advisor
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityWestern Carolina University

Advisor and consultant vs business advisor demographics

Here are the differences between advisor and consultants' and business advisors' demographics:

Advisor And ConsultantBusiness Advisor
Average age4444
Gender ratioMale, 71.4% Female, 28.6%Male, 63.9% Female, 36.1%
Race ratioBlack or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.2% White, 66.1% American Indian and Alaska Native, 0.2%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage12%11%

Differences between advisor and consultant and business advisor duties and responsibilities

Advisor and consultant example responsibilities.

  • Manage CSR budget and agency and provide social media monitoring reporting and analysis to business on corporate reputation and brand issues.
  • Develop financial models to determine IRR, ROI, and obtain project financing.
  • Frame initial Facebook strategy and carrier operational requirements for SMS mobile messaging and advertising.
  • Analyze internal knowledge infrastructure and develop optimized information system/organization.
  • Help start-up apply for and secure SBA funding.
  • Provide consulting services relate to funding and strategy for small businesses base on SBA guidelines.
  • Show more

Business advisor example responsibilities.

  • Manage training and presentation collateral on SharePoint system, resulting in recycling of documentation for consistent messaging across enterprise.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Prepare financial statements, payroll tax reports, and advise small business clients on accounting and financial management matters.
  • Provide a supplement team in an effort to create a cloud computing architecture team at a major telecommunications company.
  • Handle miscellaneous bookkeeping duties including payroll, payroll taxes, accounts receivable, accounts payable and financial statements for client companies.
  • Support the reengineering of the SME development area.
  • Show more

Advisor and consultant vs business advisor skills

Common advisor and consultant skills
  • Mutual Funds, 12%
  • Fixed Income, 12%
  • Client Relationships, 11%
  • Business Plan, 9%
  • Capital Markets, 6%
  • Financial Analysis, 6%
Common business advisor skills
  • Customer Service, 10%
  • Project Management, 8%
  • Business Operations, 8%
  • Strong Analytical, 8%
  • Healthcare, 7%
  • Human Resources, 4%

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