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The differences between business strategy consultants and business partners 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 strategy consultant, becoming a business partner takes usually requires 8-10 years. Additionally, a business strategy consultant has an average salary of $115,742, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a business partner are analytics, project management, and customer service.
| Business Strategy Consultant | Business Partner | |
| Yearly salary | $115,742 | $96,324 |
| Hourly rate | $55.65 | $46.31 |
| Growth rate | 11% | 10% |
| Number of jobs | 123,920 | 106,251 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 65% |
| Average age | 44 | 39 |
| Years of experience | 4 | 10 |
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.
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
Business strategy consultants and business partners have different pay scales, as shown below.
| Business Strategy Consultant | Business Partner | |
| Average salary | $115,742 | $96,324 |
| Salary range | Between $79,000 And $169,000 | Between $66,000 And $140,000 |
| Highest paying City | Dallas, TX | San Francisco, CA |
| Highest paying state | Texas | Washington |
| Best paying company | ZS | |
| Best paying industry | Utilities | Technology |
There are a few differences between a business strategy consultant and a business partner in terms of educational background:
| Business Strategy Consultant | Business Partner | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between business strategy consultants' and business partners' demographics:
| Business Strategy Consultant | Business Partner | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 56.2% Female, 43.8% |
| 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, 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% |