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The differences between consultants and management 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 consultant and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a consultant include customer service, strong analytical and project management. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Consultant | Management Consultant | |
| Yearly salary | $78,912 | $99,360 |
| Hourly rate | $37.94 | $47.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 171,733 | 153,045 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
Consultants and management consultants have different pay scales, as shown below.
| Consultant | Management Consultant | |
| Average salary | $78,912 | $99,360 |
| Salary range | Between $58,000 And $107,000 | Between $72,000 And $136,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | L.E.K. Consulting | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between a consultant and a management consultant in terms of educational background:
| Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between consultants' and management consultants' demographics:
| Consultant | Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.4% Female, 41.6% | Male, 65.9% Female, 34.1% |
| Race ratio | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% | Black or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |