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The differences between business consultants and business advisors 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 $87,214 average annual salary of a business consultant.
The top three skills for a business consultant include data analysis, project management and strong analytical. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Consultant | Business Advisor | |
| Yearly salary | $87,214 | $96,469 |
| Hourly rate | $41.93 | $46.38 |
| Growth rate | 11% | 6% |
| Number of jobs | 128,033 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | - |
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.
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.
Business consultants and business advisors have different pay scales, as shown below.
| Business Consultant | Business Advisor | |
| Average salary | $87,214 | $96,469 |
| Salary range | Between $64,000 And $117,000 | Between $67,000 And $138,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | New Jersey |
| Best paying company | ZS | Amazon |
| Best paying industry | Technology | Technology |
There are a few differences between a business consultant and a business advisor in terms of educational background:
| Business Consultant | Business Advisor | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business consultants' and business advisors' demographics:
| Business Consultant | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 63.9% Female, 36.1% |
| Race ratio | Black 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 12% | 11% |