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Commercial specialist vs business consultant

The differences between commercial specialists and business 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 commercial specialist and a business consultant. Additionally, a business consultant has an average salary of $87,214, which is higher than the $55,619 average annual salary of a commercial specialist.

The top three skills for a commercial specialist include customer service, portfolio and commercial loans. The most important skills for a business consultant are data analysis, project management, and strong analytical.

Commercial specialist vs business consultant overview

Commercial SpecialistBusiness Consultant
Yearly salary$55,619$87,214
Hourly rate$26.74$41.93
Growth rate11%11%
Number of jobs48,979128,033
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 67%
Average age4444
Years of experience44

What does a commercial specialist do?

Commercial specialists are professional analysts who assist their firms by developing marketing strategies, identifying business opportunities to provide data for reporting, planning, and executing trade events. These specialists investigate and write recommendations to match businesses and resolve sensitive trade complaints. Their list of responsibilities includes organizing events or meetings, supervising contractors, preparing promotional and briefing materials, and a lot more. When the events, products, and services are assigned, they follow up with their clients about them to determine their success accurately.

What does a business consultant do?

A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.

Commercial specialist vs business consultant salary

Commercial specialists and business consultants have different pay scales, as shown below.

Commercial SpecialistBusiness Consultant
Average salary$55,619$87,214
Salary rangeBetween $31,000 And $97,000Between $64,000 And $117,000
Highest paying CityMenlo Park, CASan Francisco, CA
Highest paying stateWashingtonAlaska
Best paying companyBain & CompanyZS
Best paying industryTransportationTechnology

Differences between commercial specialist and business consultant education

There are a few differences between a commercial specialist and a business consultant in terms of educational background:

Commercial SpecialistBusiness Consultant
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityNorthwestern University

Commercial specialist vs business consultant demographics

Here are the differences between commercial specialists' and business consultants' demographics:

Commercial SpecialistBusiness Consultant
Average age4444
Gender ratioMale, 52.7% Female, 47.3%Male, 62.8% Female, 37.2%
Race ratioBlack or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 9.8% White, 68.0% American Indian and Alaska Native, 0.2%Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.4% White, 65.1% American Indian and Alaska Native, 0.2%
LGBT Percentage12%12%

Differences between commercial specialist and business consultant duties and responsibilities

Commercial specialist example responsibilities.

  • Develop service proposals to gain new profitable accounts by utilizing CRM to manage and retain sales.
  • Manage customer negotiation processes and improve various existing work process flows.
  • Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
  • Maintain existing customers by utilizing creative problem solving and negotiation skills to resolve customer issues.
  • Utilize CRM software to build rapport and business relationships with key account managers in local business entities throughout the area.
  • Follow loan from origination to closings.
  • Show more

Business consultant example responsibilities.

  • Partner with PMO and lead testing effort to ensure completeness of test data sets and to manage risk.
  • Manage requirements gathering, identify KPI s, and oversee design and architecture decisions.
  • Manage various SOX, HIPAA and PCI compliance projects from the planning stages to completion.
  • Apply the specific rules for HIPAA X12, Medicaid manage care requirements and industry best practices for transaction handling.
  • Manage external technology suppliers to assure functional operations and system architecture meet the business needs.
  • Perform successful UAT - good knowledge & experience in SDLC - SQL querying and data analysis.
  • Show more

Commercial specialist vs business consultant skills

Common commercial specialist skills
  • Customer Service, 32%
  • Portfolio, 15%
  • Commercial Loans, 5%
  • Real Estate, 5%
  • Product Knowledge, 4%
  • Booking, 4%
Common business consultant skills
  • Data Analysis, 10%
  • Project Management, 9%
  • Strong Analytical, 8%
  • Analytics, 7%
  • Healthcare, 5%
  • Tableau, 5%

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