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The differences between business strategy consultants and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business strategy consultant has an average salary of $115,742, which is higher than the $96,469 average annual salary of a business advisor.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Strategy Consultant | Business Advisor | |
| Yearly salary | $115,742 | $96,469 |
| Hourly rate | $55.65 | $46.38 |
| Growth rate | 11% | 6% |
| Number of jobs | 123,920 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | - |
A business strategy consultant specializes in developing strategies to help a company achieve its short and long-term goals. Their responsibilities typically include understanding the needs of the company, performing research and analysis to identify new business opportunities, gathering and analyzing data to determine the strengths and weaknesses of current operations, studying the competitors, and preparing detailed analysis reports and presentations for clients. It is also their duty to monitor the progress of implemented strategies, conducting corrective measures when needed. Furthermore, a business strategy consultant must adhere to the company's policies and regulations, including its vision and mission.
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 strategy consultants and business advisors have different pay scales, as shown below.
| Business Strategy Consultant | Business Advisor | |
| Average salary | $115,742 | $96,469 |
| Salary range | Between $79,000 And $169,000 | Between $67,000 And $138,000 |
| Highest paying City | Dallas, TX | San Francisco, CA |
| Highest paying state | Texas | New Jersey |
| Best paying company | Amazon | |
| Best paying industry | Utilities | Technology |
There are a few differences between a business strategy consultant and a business advisor in terms of educational background:
| Business Strategy Consultant | Business Advisor | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business strategy consultants' and business advisors' demographics:
| Business Strategy Consultant | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 63.9% Female, 36.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% 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% |