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The differences between business transformation consultants and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $97,591 average annual salary of a business transformation consultant.
The top three skills for a business transformation consultant include client facing, lean six sigma and project management. The most important skills for a principal consultant are cloud, business development, and C #.
| Business Transformation Consultant | Principal Consultant | |
| Yearly salary | $97,591 | $116,478 |
| Hourly rate | $46.92 | $56.00 |
| Growth rate | 11% | 11% |
| Number of jobs | 109,156 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 4 | - |
A business transformation consultant is responsible for analyzing business performance and identifying opportunities that would help the business grow revenues and achieve long-term goals and objectives. Business transformation consultants analyze the production and operational processes to measure its efficiency in providing high-quality deliverables for clients' satisfaction. They study the business services and modify current procedures for optimal performance and enhance the company's methods for competitiveness. A business transformation consultant must be a critical-thinker to address business issues and improve practices according to the company's best interests.
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Business transformation consultants and principal consultants have different pay scales, as shown below.
| Business Transformation Consultant | Principal Consultant | |
| Average salary | $97,591 | $116,478 |
| Salary range | Between $71,000 And $132,000 | Between $90,000 And $150,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | Oregon |
| Best paying company | VMware | Pure Storage |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business transformation consultant and a principal consultant in terms of educational background:
| Business Transformation Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business transformation consultants' and principal consultants' demographics:
| Business Transformation Consultant | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.7% Female, 40.3% | Male, 75.8% Female, 24.2% |
| Race ratio | Black or African American, 7.5% 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 12% | 11% |