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The differences between consultants/team lead 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 $97,051 average annual salary of a consultant/team lead.
The top three skills for a consultant/team lead include customer service, product knowledge and project management. The most important skills for a principal consultant are cloud, business development, and C #.
| Consultant/Team Lead | Principal Consultant | |
| Yearly salary | $97,051 | $116,478 |
| Hourly rate | $46.66 | $56.00 |
| Growth rate | 9% | 11% |
| Number of jobs | 83,268 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Average age | 43 | 44 |
| Years of experience | 6 | - |
Consultant team leads analyze background documentation, project documents, financial reports, etc., to prepare an initial report about the projects they are working on. They gather data through interviews, research, and surveys to design proposals meant to create an inclusive environment for everyone. These leaders work with clients to improve their organization's performance by coordinating their teams and identifying their needs. They also lead a team of consultants and discuss the techniques that help their clients improve their quality of living.
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.
Consultants/team lead and principal consultants have different pay scales, as shown below.
| Consultant/Team Lead | Principal Consultant | |
| Average salary | $97,051 | $116,478 |
| Salary range | Between $72,000 And $130,000 | Between $90,000 And $150,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | The Monitor Group | Pure Storage |
| Best paying industry | Finance | Finance |
There are a few differences between a consultant/team lead and a principal consultant in terms of educational background:
| Consultant/Team Lead | Principal Consultant | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Stanford University | Western Carolina University |
Here are the differences between consultants/team lead' and principal consultants' demographics:
| Consultant/Team Lead | Principal Consultant | |
| Average age | 43 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 75.8% Female, 24.2% |
| Race ratio | Black or African American, 10.3% Unknown, 5.0% Hispanic or Latino, 11.0% Asian, 14.6% White, 58.9% 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 | 8% | 11% |