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The differences between corporate 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 corporate consultant and a management consultant. Additionally, a corporate consultant has an average salary of $127,275, which is higher than the $99,360 average annual salary of a management consultant.
The top three skills for a corporate consultant include project management, powerpoint and financial statements. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Corporate Consultant | Management Consultant | |
| Yearly salary | $127,275 | $99,360 |
| Hourly rate | $61.19 | $47.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 68,248 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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.
Corporate consultants and management consultants have different pay scales, as shown below.
| Corporate Consultant | Management Consultant | |
| Average salary | $127,275 | $99,360 |
| Salary range | Between $97,000 And $165,000 | Between $72,000 And $136,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | FTI Consulting | Apple |
| Best paying industry | Professional | Technology |
There are a few differences between a corporate consultant and a management consultant in terms of educational background:
| Corporate Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between corporate consultants' and management consultants' demographics:
| Corporate Consultant | Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 54.3% Female, 45.7% | Male, 65.9% Female, 34.1% |
| 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, 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% |