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The differences between business management consultants and executive consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a business management consultant, becoming an executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $107,407 average annual salary of a business management consultant.
The top three skills for a business management consultant include project management, client facing and healthcare. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Business Management Consultant | Executive Consultant | |
| Yearly salary | $107,407 | $131,331 |
| Hourly rate | $51.64 | $63.14 |
| Growth rate | 11% | 10% |
| Number of jobs | 171,313 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | 4 | 10 |
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.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Business management consultants and executive consultants have different pay scales, as shown below.
| Business Management Consultant | Executive Consultant | |
| Average salary | $107,407 | $131,331 |
| Salary range | Between $80,000 And $143,000 | Between $90,000 And $190,000 |
| Highest paying City | Washington, DC | South San Francisco, CA |
| Highest paying state | Colorado | Washington |
| Best paying company | Applied Materials | Mayo Clinic |
| Best paying industry | Internet | Technology |
There are a few differences between a business management consultant and an executive consultant in terms of educational background:
| Business Management Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between business management consultants' and executive consultants' demographics:
| Business Management Consultant | Executive Consultant | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 67.2% Female, 32.8% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 10% |