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The differences between bank consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a bank consultant, becoming a consultant takes usually requires 2-4 years. Additionally, a bank consultant has an average salary of $90,094, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a bank consultant include customer service, powerpoint and risk management. The most important skills for a consultant are customer service, strong analytical, and project management.
| Bank Consultant | Consultant | |
| Yearly salary | $90,094 | $78,912 |
| Hourly rate | $43.31 | $37.94 |
| Growth rate | 4% | 11% |
| Number of jobs | 17,023 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Average age | 45 | 44 |
| Years of experience | 6 | 4 |
A bank consultant focuses on identifying and meeting the clients' needs through effective banking advice and guidance. Their daily tasks entail greeting and offering assistance to clients, answering inquiries, discussing terms, recommending options and other services, making arrangements, and processing the clients' applications. They also perform clerical tasks such as handling calls and inquiries, preparing documents, reviewing reports, producing financial statements, and maintaining records. Moreover, a bank consultant maintains an open communication line with co-workers, coordinating to provide clients with optimal services.
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.
Bank consultants and consultants have different pay scales, as shown below.
| Bank Consultant | Consultant | |
| Average salary | $90,094 | $78,912 |
| Salary range | Between $68,000 And $118,000 | Between $58,000 And $107,000 |
| Highest paying City | Marysville, WA | Washington, DC |
| Highest paying state | Washington | New Jersey |
| Best paying company | Inter-American Development Bank | L.E.K. Consulting |
| Best paying industry | Technology | Technology |
There are a few differences between a bank consultant and a consultant in terms of educational background:
| Bank Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between bank consultants' and consultants' demographics:
| Bank Consultant | Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% | 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 | 8% | 12% |