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The differences between advisor and consultants and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, 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 development consultant are healthcare, CRM, and cloud.
| Advisor And Consultant | Business Development Consultant | |
| Yearly salary | $80,661 | $85,153 |
| Hourly rate | $38.78 | $40.94 |
| Growth rate | 11% | 6% |
| Number of jobs | 96,691 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 4 | - |
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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Advisor and consultants and business development consultants have different pay scales, as shown below.
| Advisor And Consultant | Business Development Consultant | |
| Average salary | $80,661 | $85,153 |
| Salary range | Between $51,000 And $126,000 | Between $52,000 And $137,000 |
| Highest paying City | - | Minneapolis, MN |
| Highest paying state | - | Pennsylvania |
| Best paying company | - | Veeva Systems |
| Best paying industry | - | Media |
There are a few differences between an advisor and consultant and a business development consultant in terms of educational background:
| Advisor And Consultant | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between advisor and consultants' and business development consultants' demographics:
| Advisor And Consultant | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 64.1% Female, 35.9% |
| Race ratio | Black 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 Percentage | 12% | 11% |