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The differences between business strategists and business consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business strategist, becoming a business consultant takes usually requires 2-4 years. Additionally, a business consultant has an average salary of $87,214, which is higher than the $62,796 average annual salary of a business strategist.
The top three skills for a business strategist include project management, digital marketing and client facing. The most important skills for a business consultant are data analysis, project management, and strong analytical.
| Business Strategist | Business Consultant | |
| Yearly salary | $62,796 | $87,214 |
| Hourly rate | $30.19 | $41.93 |
| Growth rate | 10% | 11% |
| Number of jobs | 100,217 | 128,033 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 39 | 44 |
| Years of experience | 10 | 4 |
A business strategist is responsible for developing strategic plans that will help improve an organization to reach its goals and targets and improve profitability. You will analyze existing business strategies and practices and provide recommendations for improvements. Other duties include developing product development and marketing strategies, providing direction and motivating staff to complete new projects and implement new tactics, and preparing presentations to clients and corporate investors. As a business strategist, you are also responsible for consulting with management and reviewing staff performance.
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.
Business strategists and business consultants have different pay scales, as shown below.
| Business Strategist | Business Consultant | |
| Average salary | $62,796 | $87,214 |
| Salary range | Between $33,000 And $117,000 | Between $64,000 And $117,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | VMware | ZS |
| Best paying industry | - | Technology |
There are a few differences between a business strategist and a business consultant in terms of educational background:
| Business Strategist | Business Consultant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between business strategists' and business consultants' demographics:
| Business Strategist | Business Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 62.8% Female, 37.2% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 10% | 12% |