Advisor and consultant vs contractor/consultant

The differences between advisor and consultants and contractor/consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contractor/consultant has an average salary of $84,811, 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 contractor/consultant are healthcare, post implementation, and data analysis.

Advisor and consultant vs contractor/consultant overview

	Advisor And Consultant	Contractor/Consultant
Yearly salary	$80,661	$84,811
Hourly rate	$38.78	$40.77
Growth rate	11%	11%
Number of jobs	96,691	64,573
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 64%
Average age	44	44
Years of experience	4	-

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 contractor/consultant do?

A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work. On the other hand, a consultant is a skilled independent businessperson who provides expert teaching and training in a specific market by assisting existing staff for the improvement of operations, problem-solving, and development of strategies. His/her role is to assess clients' needs and provide expert advice and opinion. However, both individuals are not employees, since they came from outside of the organization to perform such services.

Advisor and consultant vs contractor/consultant salary

Advisor and consultants and contractor/consultants have different pay scales, as shown below.

	Advisor And Consultant	Contractor/Consultant
Average salary	$80,661	$84,811
Salary range	Between $51,000 And $126,000	Between $58,000 And $123,000
Highest paying City	-	Boston, MA
Highest paying state	-	New Jersey
Best paying company	-	Cerner
Best paying industry	-	Technology

Differences between advisor and consultant and contractor/consultant education

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

	Advisor And Consultant	Contractor/Consultant
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	Northwestern University	Western Carolina University

Advisor and consultant vs contractor/consultant demographics

Here are the differences between advisor and consultants' and contractor/consultants' demographics:

	Advisor And Consultant	Contractor/Consultant
Average age	44	44
Gender ratio	Male, 71.4% Female, 28.6%	Male, 66.2% Female, 33.8%
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%

Differences between advisor and consultant and contractor/consultant 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.

Contractor/consultant example responsibilities.

Manage design and development of cloud-base billing application for streamlining payroll and invoicing, as well as offering real-time business analytics.
Assist PMO in defining project scope, task and budget, collaborating closely with developers.
Bill and provide appropriate documentation to submit reimbursement for services to appropriate insurance to include Medicaid, Medicare, etc.
Motivate and ensure SME team member engagement in projects.
Provide Linux server setup, documentation, and internal support.
Develop and implement SQL store procedures and DTS packages to process client billing data.

Advisor and consultant vs contractor/consultant 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 contractor/consultant skills

Healthcare, 30%
Post Implementation, 25%
Data Analysis, 7%
Project Management, 5%
Financial Statements, 3%
Medicaid, 3%

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Advisor And Consultant
Advisor And Consultant vs Contractor/Consultant

Updated January 8, 2025

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