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The differences between business consultants and finance consultants 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 a finance consultant. Additionally, a business consultant has an average salary of $87,214, which is higher than the $77,551 average annual salary of a finance consultant.
The top three skills for a business consultant include data analysis, project management and strong analytical. The most important skills for a finance consultant are customer service, financial services, and financial statements.
| Business Consultant | Finance Consultant | |
| Yearly salary | $87,214 | $77,551 |
| Hourly rate | $41.93 | $37.28 |
| Growth rate | 11% | 15% |
| Number of jobs | 128,033 | 94,259 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 44 | 45 |
| Years of experience | 4 | 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.
A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.
Business consultants and finance consultants have different pay scales, as shown below.
| Business Consultant | Finance Consultant | |
| Average salary | $87,214 | $77,551 |
| Salary range | Between $64,000 And $117,000 | Between $54,000 And $110,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | ZS | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between a business consultant and a finance consultant in terms of educational background:
| Business Consultant | Finance Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business consultants' and finance consultants' demographics:
| Business Consultant | Finance Consultant | |
| Average age | 44 | 45 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 68.5% Female, 31.5% |
| 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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 5% |