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The differences between business consultants and strategy 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 strategy consultant. Additionally, a strategy consultant has an average salary of $115,244, 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 strategy consultant are healthcare, project management, and develop recommendations.
| Business Consultant | Strategy Consultant | |
| Yearly salary | $87,214 | $115,244 |
| Hourly rate | $41.93 | $55.41 |
| Growth rate | 11% | 11% |
| Number of jobs | 128,033 | 70,241 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| 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 strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.
Business consultants and strategy consultants have different pay scales, as shown below.
| Business Consultant | Strategy Consultant | |
| Average salary | $87,214 | $115,244 |
| Salary range | Between $64,000 And $117,000 | Between $87,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Alaska |
| Best paying company | ZS | Mayo Clinic |
| Best paying industry | Technology | Finance |
There are a few differences between a business consultant and a strategy consultant in terms of educational background:
| Business Consultant | Strategy Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business consultants' and strategy consultants' demographics:
| Business Consultant | Strategy Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 63.1% Female, 36.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |