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The differences between business strategy consultants and strategy 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 strategy consultant. Additionally, a business strategy consultant has an average salary of $115,742, which is higher than the $115,244 average annual salary of a strategy consultant.
The top three skills for a business strategy consultant include cloud, business cases and project management. The most important skills for a strategy consultant are healthcare, project management, and develop recommendations.
| Business Strategy Consultant | Strategy Consultant | |
| Yearly salary | $115,742 | $115,244 |
| Hourly rate | $55.65 | $55.41 |
| Growth rate | 11% | 11% |
| Number of jobs | 123,920 | 70,241 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| 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.
A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.
Business strategy consultants and strategy consultants have different pay scales, as shown below.
| Business Strategy Consultant | Strategy Consultant | |
| Average salary | $115,742 | $115,244 |
| Salary range | Between $79,000 And $169,000 | Between $87,000 And $151,000 |
| Highest paying City | Dallas, TX | San Francisco, CA |
| Highest paying state | Texas | Alaska |
| Best paying company | Mayo Clinic | |
| Best paying industry | Utilities | Finance |
There are a few differences between a business strategy consultant and a strategy consultant in terms of educational background:
| Business Strategy Consultant | Strategy Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business strategy consultants' and strategy consultants' demographics:
| Business Strategy Consultant | Strategy Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 63.1% Female, 36.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |