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The differences between business strategy consultants and executive consultants 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 an executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $115,742 average annual salary of a business strategy consultant.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Business Strategy Consultant | Executive Consultant | |
| Yearly salary | $115,742 | $131,331 |
| Hourly rate | $55.65 | $63.14 |
| Growth rate | 11% | 10% |
| Number of jobs | 123,920 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| 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.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Business strategy consultants and executive consultants have different pay scales, as shown below.
| Business Strategy Consultant | Executive Consultant | |
| Average salary | $115,742 | $131,331 |
| Salary range | Between $79,000 And $169,000 | Between $90,000 And $190,000 |
| Highest paying City | Dallas, TX | South San Francisco, CA |
| Highest paying state | Texas | Washington |
| Best paying company | Mayo Clinic | |
| Best paying industry | Utilities | Technology |
There are a few differences between a business strategy consultant and an executive consultant in terms of educational background:
| Business Strategy Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between business strategy consultants' and executive consultants' demographics:
| Business Strategy Consultant | Executive Consultant | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 67.2% Female, 32.8% |
| 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% |