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The differences between business advisors and consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a business advisor include customer service, project management and business operations. The most important skills for a consultant are customer service, strong analytical, and project management.
| Business Advisor | Consultant | |
| Yearly salary | $96,469 | $78,912 |
| Hourly rate | $46.38 | $37.94 |
| Growth rate | 6% | 11% |
| Number of jobs | 125,154 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
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.
Business advisors and consultants have different pay scales, as shown below.
| Business Advisor | Consultant | |
| Average salary | $96,469 | $78,912 |
| Salary range | Between $67,000 And $138,000 | Between $58,000 And $107,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Amazon | L.E.K. Consulting |
| Best paying industry | Technology | Technology |
There are a few differences between a business advisor and a consultant in terms of educational background:
| Business Advisor | Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Northwestern University |
Here are the differences between business advisors' and consultants' demographics:
| Business Advisor | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 58.4% Female, 41.6% |
| Race ratio | 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% | 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 | 11% | 12% |