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Business consultant vs accountant

The differences between business consultants and accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business consultant and an accountant. Additionally, a business consultant has an average salary of $87,214, which is higher than the $54,890 average annual salary of an accountant.

The top three skills for a business consultant include data analysis, project management and strong analytical. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Business consultant vs accountant overview

Business ConsultantAccountant
Yearly salary$87,214$54,890
Hourly rate$41.93$26.39
Growth rate11%6%
Number of jobs128,03360,073
Job satisfaction-3
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 71%
Average age4444
Years of experience44

What does a business consultant do?

A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

Business consultant vs accountant salary

Business consultants and accountants have different pay scales, as shown below.

Business ConsultantAccountant
Average salary$87,214$54,890
Salary rangeBetween $64,000 And $117,000Between $41,000 And $72,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateAlaskaNew York
Best paying companyZSMeta
Best paying industryTechnologyTechnology

Differences between business consultant and accountant education

There are a few differences between a business consultant and an accountant in terms of educational background:

Business ConsultantAccountant
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 71%
Most common majorBusinessAccounting
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Business consultant vs accountant demographics

Here are the differences between business consultants' and accountants' demographics:

Business ConsultantAccountant
Average age4444
Gender ratioMale, 62.8% Female, 37.2%Male, 38.2% Female, 61.8%
Race ratioBlack or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.4% White, 65.1% American Indian and Alaska Native, 0.2%Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage12%7%

Differences between business consultant and accountant duties and responsibilities

Business consultant example responsibilities.

  • Partner with PMO and lead testing effort to ensure completeness of test data sets and to manage risk.
  • Manage requirements gathering, identify KPI s, and oversee design and architecture decisions.
  • Manage various SOX, HIPAA and PCI compliance projects from the planning stages to completion.
  • Apply the specific rules for HIPAA X12, Medicaid manage care requirements and industry best practices for transaction handling.
  • Manage external technology suppliers to assure functional operations and system architecture meet the business needs.
  • Perform successful UAT - good knowledge & experience in SDLC - SQL querying and data analysis.
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Accountant example responsibilities.

  • Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
  • Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
  • Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.
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Business consultant vs accountant skills

Common business consultant skills
  • Data Analysis, 10%
  • Project Management, 9%
  • Strong Analytical, 8%
  • Analytics, 7%
  • Healthcare, 5%
  • Tableau, 5%
Common accountant skills
  • Reconciliations, 14%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Payroll Tax Returns, 5%
  • Customer Service, 5%

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