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The differences between business management consultants and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business management consultant has an average salary of $107,407, which is higher than the $96,469 average annual salary of a business advisor.
The top three skills for a business management consultant include project management, client facing and healthcare. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Management Consultant | Business Advisor | |
| Yearly salary | $107,407 | $96,469 |
| Hourly rate | $51.64 | $46.38 |
| Growth rate | 11% | 6% |
| Number of jobs | 171,313 | 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 management consultant develops and recommends strategies to optimize the daily operations of businesses. They typically perform extensive research and analysis to identify new business and client opportunities, find ways to enhance resources, gather and analyze data, determine the strengths and weaknesses of current operations, and develop solutions against problem areas. They may also perform risk assessments and audits, assess the workforce performance, and evaluate the existing policies and regulations of the company, suggesting new ones as necessary.
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 management consultants and business advisors have different pay scales, as shown below.
| Business Management Consultant | Business Advisor | |
| Average salary | $107,407 | $96,469 |
| Salary range | Between $80,000 And $143,000 | Between $67,000 And $138,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Colorado | New Jersey |
| Best paying company | Applied Materials | Amazon |
| Best paying industry | Internet | Technology |
There are a few differences between a business management consultant and a business advisor in terms of educational background:
| Business Management 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 management consultants' and business advisors' demographics:
| Business Management Consultant | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 63.9% Female, 36.1% |
| Race ratio | Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.0% White, 65.9% 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% |