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The differences between contractor/consultants and executive consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an executive consultant has an average salary of $131,331, 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 an executive consultant are healthcare, business development, and financial services.
| Contractor/Consultant | Executive Consultant | |
| Yearly salary | $84,811 | $131,331 |
| Hourly rate | $40.77 | $63.14 |
| Growth rate | 11% | 10% |
| Number of jobs | 64,573 | 118,432 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Contractor/consultants and executive consultants have different pay scales, as shown below.
| Contractor/Consultant | Executive Consultant | |
| Average salary | $84,811 | $131,331 |
| Salary range | Between $58,000 And $123,000 | Between $90,000 And $190,000 |
| Highest paying City | Boston, MA | South San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Cerner | Mayo Clinic |
| Best paying industry | Technology | Technology |
There are a few differences between a contractor/consultant and an executive consultant in terms of educational background:
| Contractor/Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between contractor/consultants' and executive consultants' demographics:
| Contractor/Consultant | Executive Consultant | |
| Average age | 44 | 39 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 67.2% Female, 32.8% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 10% |