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The differences between business strategy consultants and business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Business Strategy Consultant | Business Development Consultant | |
| Yearly salary | $115,742 | $85,153 |
| Hourly rate | $55.65 | $40.94 |
| Growth rate | 11% | 6% |
| Number of jobs | 123,920 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| 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.
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 strategy consultants and business development consultants have different pay scales, as shown below.
| Business Strategy Consultant | Business Development Consultant | |
| Average salary | $115,742 | $85,153 |
| Salary range | Between $79,000 And $169,000 | Between $52,000 And $137,000 |
| Highest paying City | Dallas, TX | Minneapolis, MN |
| Highest paying state | Texas | Pennsylvania |
| Best paying company | Veeva Systems | |
| Best paying industry | Utilities | Media |
There are a few differences between a business strategy consultant and a business development consultant in terms of educational background:
| Business Strategy Consultant | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business strategy consultants' and business development consultants' demographics:
| Business Strategy Consultant | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 64.1% Female, 35.9% |
| 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% |