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The differences between advisor and consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an advisor and consultant and a consultant. Additionally, an advisor and consultant has an average salary of $80,661, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for an advisor and consultant include mutual funds, fixed income and client relationships. The most important skills for a consultant are customer service, strong analytical, and project management.
| Advisor And Consultant | Consultant | |
| Yearly salary | $80,661 | $78,912 |
| Hourly rate | $38.78 | $37.94 |
| Growth rate | 11% | 11% |
| Number of jobs | 96,691 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | 4 | 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.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Advisor and consultants and consultants have different pay scales, as shown below.
| Advisor And Consultant | Consultant | |
| Average salary | $80,661 | $78,912 |
| Salary range | Between $51,000 And $126,000 | Between $58,000 And $107,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New Jersey |
| Best paying company | - | L.E.K. Consulting |
| Best paying industry | - | Technology |
There are a few differences between an advisor and consultant and a consultant in terms of educational background:
| Advisor And Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between advisor and consultants' and consultants' demographics:
| Advisor And Consultant | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 58.4% Female, 41.6% |
| 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, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |