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The differences between business strategy consultants and managers, strategy 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 manager, strategy takes usually requires 8-10 years. Additionally, a business strategy consultant has an average salary of $115,742, which is higher than the $109,831 average annual salary of a manager, strategy.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a manager, strategy are project management, portfolio, and client facing.
| Business Strategy Consultant | Manager, Strategy | |
| Yearly salary | $115,742 | $109,831 |
| Hourly rate | $55.65 | $52.80 |
| Growth rate | 11% | 10% |
| Number of jobs | 123,920 | 148,326 |
| 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 strategy manager is an individual who reviews a company's objectives for growth and works with executives to formulate actionable plans to achieve these objectives. To make comprehensive recommendations, strategy managers must conduct data analysis of the organization as well as the overall industry. They must provide assessments of market trends and identify business threats and opportunities. Strategy managers should also work with department heads to develop individual team goals and break them down into actionable steps for the employees to complete.
Business strategy consultants and managers, strategy have different pay scales, as shown below.
| Business Strategy Consultant | Manager, Strategy | |
| Average salary | $115,742 | $109,831 |
| Salary range | Between $79,000 And $169,000 | Between $78,000 And $152,000 |
| Highest paying City | Dallas, TX | San Francisco, CA |
| Highest paying state | Texas | California |
| Best paying company | McKinsey & Company Inc | |
| Best paying industry | Utilities | Technology |
There are a few differences between a business strategy consultant and a manager, strategy in terms of educational background:
| Business Strategy Consultant | Manager, Strategy | |
| 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 managers, strategy' demographics:
| Business Strategy Consultant | Manager, Strategy | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 64.7% Female, 35.3% |
| 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% |