Corporate consultant vs contractor/consultant

The differences between corporate consultants and contractor/consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a corporate consultant has an average salary of $127,275, which is higher than the $84,811 average annual salary of a contractor/consultant.

The top three skills for a corporate consultant include project management, powerpoint and financial statements. The most important skills for a contractor/consultant are healthcare, post implementation, and data analysis.

Corporate consultant vs contractor/consultant overview

	Corporate Consultant	Contractor/Consultant
Yearly salary	$127,275	$84,811
Hourly rate	$61.19	$40.77
Growth rate	11%	11%
Number of jobs	68,248	64,573
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 64%
Average age	44	44
Years of experience	4	-

What does a corporate consultant do?

A corporate consultant is a business expert; they provide advice, offer strategies to optimize operations, and solve business issues. They are responsible for conducting market research, conducting new market studies, gathering and assessing data from a business, and identifying the weaknesses and strengths of existing company programs. Through their research findings, a corporate consultant develops conclusions and recommendations to help companies make business decisions or achieve their goals.

What does a contractor/consultant do?

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.

Corporate consultant vs contractor/consultant salary

Corporate consultants and contractor/consultants have different pay scales, as shown below.

	Corporate Consultant	Contractor/Consultant
Average salary	$127,275	$84,811
Salary range	Between $97,000 And $165,000	Between $58,000 And $123,000
Highest paying City	San Francisco, CA	Boston, MA
Highest paying state	New Jersey	New Jersey
Best paying company	FTI Consulting	Cerner
Best paying industry	Professional	Technology

Differences between corporate consultant and contractor/consultant education

There are a few differences between a corporate consultant and a contractor/consultant in terms of educational background:

	Corporate Consultant	Contractor/Consultant
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	Western Carolina University

Corporate consultant vs contractor/consultant demographics

Here are the differences between corporate consultants' and contractor/consultants' demographics:

	Corporate Consultant	Contractor/Consultant
Average age	44	44
Gender ratio	Male, 54.3% Female, 45.7%	Male, 66.2% Female, 33.8%
Race ratio	Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 11.2% White, 66.5% 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	12%	11%

Differences between corporate consultant and contractor/consultant duties and responsibilities

Corporate consultant example responsibilities.

Provide SharePoint development and administration, budget and financial reporting; manage invoicing; and develop training manuals and user guides.
Assist with and edit government PowerPoint presentations, speeches, official forms, and emails.
Chair leadership committee, develop detailed project plan, tag lines, creative, ROI, communications.
Conduct nutritional assessment audits, care plan audits, last progress note to ensure compliance and attend QA meetings monthly.
Analyze internal knowledge infrastructure and develop optimized information system/organization.
Analyze internal knowledge infrastructure and develop optimized information system/organization.

Contractor/consultant example responsibilities.

Manage design and development of cloud-base billing application for streamlining payroll and invoicing, as well as offering real-time business analytics.
Assist PMO in defining project scope, task and budget, collaborating closely with developers.
Bill and provide appropriate documentation to submit reimbursement for services to appropriate insurance to include Medicaid, Medicare, etc.
Motivate and ensure SME team member engagement in projects.
Provide Linux server setup, documentation, and internal support.
Develop and implement SQL store procedures and DTS packages to process client billing data.

Corporate consultant vs contractor/consultant skills

Common corporate consultant skills

Project Management, 14%
PowerPoint, 12%
Financial Statements, 9%
Business Processes, 6%
Real Estate, 6%
Business Development, 5%

Common contractor/consultant skills

Healthcare, 30%
Post Implementation, 25%
Data Analysis, 7%
Project Management, 5%
Financial Statements, 3%
Medicaid, 3%

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Corporate Consultant
Corporate Consultant vs Contractor/Consultant

Updated January 8, 2025

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