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The differences between business strategy consultants and 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 strategy consultant and a consultant. Additionally, a business strategy consultant has an average salary of $115,742, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a consultant are customer service, strong analytical, and project management.
| Business Strategy Consultant | Consultant | |
| Yearly salary | $115,742 | $78,912 |
| Hourly rate | $55.65 | $37.94 |
| Growth rate | 11% | 11% |
| Number of jobs | 123,920 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | 4 | 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.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Business strategy consultants and consultants have different pay scales, as shown below.
| Business Strategy Consultant | Consultant | |
| Average salary | $115,742 | $78,912 |
| Salary range | Between $79,000 And $169,000 | Between $58,000 And $107,000 |
| Highest paying City | Dallas, TX | Washington, DC |
| Highest paying state | Texas | New Jersey |
| Best paying company | L.E.K. Consulting | |
| Best paying industry | Utilities | Technology |
There are a few differences between a business strategy consultant and a consultant in terms of educational background:
| Business Strategy Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business strategy consultants' and consultants' demographics:
| Business Strategy Consultant | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 58.4% Female, 41.6% |
| 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, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |