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The differences between business management consultants and business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a business management consultant include project management, client facing and healthcare. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Business Management Consultant | Business Development Consultant | |
| Yearly salary | $107,407 | $85,153 |
| Hourly rate | $51.64 | $40.94 |
| Growth rate | 11% | 6% |
| Number of jobs | 171,313 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| 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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Business management consultants and business development consultants have different pay scales, as shown below.
| Business Management Consultant | Business Development Consultant | |
| Average salary | $107,407 | $85,153 |
| Salary range | Between $80,000 And $143,000 | Between $52,000 And $137,000 |
| Highest paying City | Washington, DC | Minneapolis, MN |
| Highest paying state | Colorado | Pennsylvania |
| Best paying company | Applied Materials | Veeva Systems |
| Best paying industry | Internet | Media |
There are a few differences between a business management consultant and a business development consultant in terms of educational background:
| Business Management Consultant | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business management consultants' and business development consultants' demographics:
| Business Management Consultant | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 64.1% Female, 35.9% |
| 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% |