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The differences between advisor and consultants and strategy 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 strategy consultant. Additionally, a strategy consultant has an average salary of $115,244, 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 strategy consultant are healthcare, project management, and develop recommendations.
| Advisor And Consultant | Strategy Consultant | |
| Yearly salary | $80,661 | $115,244 |
| Hourly rate | $38.78 | $55.41 |
| Growth rate | 11% | 11% |
| Number of jobs | 96,691 | 70,241 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| 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.
A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.
Advisor and consultants and strategy consultants have different pay scales, as shown below.
| Advisor And Consultant | Strategy Consultant | |
| Average salary | $80,661 | $115,244 |
| Salary range | Between $51,000 And $126,000 | Between $87,000 And $151,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | Mayo Clinic |
| Best paying industry | - | Finance |
There are a few differences between an advisor and consultant and a strategy consultant in terms of educational background:
| Advisor And Consultant | Strategy Consultant | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between advisor and consultants' and strategy consultants' demographics:
| Advisor And Consultant | Strategy Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 63.1% Female, 36.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |