Advisor and consultant vs management consultant

The differences between advisor and consultants and management 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 management consultant. Additionally, a management consultant has an average salary of $99,360, 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 management consultant are healthcare, project management, and portfolio.

Advisor and consultant vs management consultant overview

	Advisor And Consultant	Management Consultant
Yearly salary	$80,661	$99,360
Hourly rate	$38.78	$47.77
Growth rate	11%	11%
Number of jobs	96,691	153,045
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 67%
Average age	44	44
Years of experience	4	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 management consultant do?

A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.

Advisor and consultant vs management consultant salary

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

	Advisor And Consultant	Management Consultant
Average salary	$80,661	$99,360
Salary range	Between $51,000 And $126,000	Between $72,000 And $136,000
Highest paying City	-	Jersey City, NJ
Highest paying state	-	New Jersey
Best paying company	-	Apple
Best paying industry	-	Technology

Differences between advisor and consultant and management consultant education

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

	Advisor And Consultant	Management Consultant
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Advisor and consultant vs management consultant demographics

Here are the differences between advisor and consultants' and management consultants' demographics:

	Advisor And Consultant	Management Consultant
Average age	44	44
Gender ratio	Male, 71.4% Female, 28.6%	Male, 65.9% Female, 34.1%
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, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between advisor and consultant and management 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.

Management consultant example responsibilities.

Streamline and program manage operations for end-to-end creation of all assets using Smartsheet.
Lead daily agile scrum meetings towards the end of the development phase of the project.
Monitor and control project schedule for SaaS product to achieve project deliveries in at least 95th percentile.
Lead teams in implementation of value map streaming, ISO 9000 and waste reduction in manufacturing process.
Manage functional design team activities using baseline scope document information and develop process standards in line with SDLC methodologies.
Develop light-weight (fast) proprietary cloud-base licensing engine and UI to manage and track end user subscription licenses.

Advisor and consultant vs management 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 management consultant skills

Healthcare, 9%
Project Management, 7%
Portfolio, 6%
Business Process, 5%
Business Strategy, 5%
Business Development, 4%

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Advisor And Consultant
Advisor And Consultant vs Management Consultant

Updated January 8, 2025

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