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The differences between contractor/consultants and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $84,811 average annual salary of a contractor/consultant.
The top three skills for a contractor/consultant include healthcare, post implementation and data analysis. The most important skills for a business advisor are customer service, project management, and business operations.
| Contractor/Consultant | Business Advisor | |
| Yearly salary | $84,811 | $96,469 |
| Hourly rate | $40.77 | $46.38 |
| Growth rate | 11% | 6% |
| Number of jobs | 64,573 | 125,154 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work. On the other hand, a consultant is a skilled independent businessperson who provides expert teaching and training in a specific market by assisting existing staff for the improvement of operations, problem-solving, and development of strategies. His/her role is to assess clients' needs and provide expert advice and opinion. However, both individuals are not employees, since they came from outside of the organization to perform such services.
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
Contractor/consultants and business advisors have different pay scales, as shown below.
| Contractor/Consultant | Business Advisor | |
| Average salary | $84,811 | $96,469 |
| Salary range | Between $58,000 And $123,000 | Between $67,000 And $138,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Cerner | Amazon |
| Best paying industry | Technology | Technology |
There are a few differences between a contractor/consultant and a business advisor in terms of educational background:
| Contractor/Consultant | Business Advisor | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between contractor/consultants' and business advisors' demographics:
| Contractor/Consultant | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 63.9% Female, 36.1% |
| Race ratio | 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% | 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 | 11% | 11% |