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The differences between business management consultants and management 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 management consultant and a management consultant. Additionally, a business management consultant has an average salary of $107,407, which is higher than the $99,360 average annual salary of a management consultant.
The top three skills for a business management consultant include project management, client facing and healthcare. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Business Management Consultant | Management Consultant | |
| Yearly salary | $107,407 | $99,360 |
| Hourly rate | $51.64 | $47.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 171,313 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 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.
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
Business management consultants and management consultants have different pay scales, as shown below.
| Business Management Consultant | Management Consultant | |
| Average salary | $107,407 | $99,360 |
| Salary range | Between $80,000 And $143,000 | Between $72,000 And $136,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Colorado | New Jersey |
| Best paying company | Applied Materials | Apple |
| Best paying industry | Internet | Technology |
There are a few differences between a business management consultant and a management consultant in terms of educational background:
| Business Management Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business management consultants' and management consultants' demographics:
| Business Management Consultant | Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 65.9% Female, 34.1% |
| 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, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |