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The differences between directors, managing consultant and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a director, managing consultant has an average salary of $150,262, which is higher than the $116,478 average annual salary of a principal consultant.
The top three skills for a director, managing consultant include pre sales, project management and lifecycle management. The most important skills for a principal consultant are cloud, business development, and C #.
| Director, Managing Consultant | Principal Consultant | |
| Yearly salary | $150,262 | $116,478 |
| Hourly rate | $72.24 | $56.00 |
| Growth rate | 10% | 11% |
| Number of jobs | 94,442 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
A managing consultant director oversees and spearheads department operations in a company, ensuring everything runs smoothly and efficiently. They serve as the driving force of every program and project by setting goals and timelines, establishing budgets and strategies, and leading procedures from planning to execution. In some companies, they also participate in providing consultation services, liaising with internal and external parties, and solving issues and concerns when any arise. Moreover, as a director, it is their duty to monitor the workflow while implementing company policies and regulations.
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.
Directors, managing consultant and principal consultants have different pay scales, as shown below.
| Director, Managing Consultant | Principal Consultant | |
| Average salary | $150,262 | $116,478 |
| Salary range | Between $106,000 And $211,000 | Between $90,000 And $150,000 |
| Highest paying City | Providence, RI | San Francisco, CA |
| Highest paying state | Rhode Island | Oregon |
| Best paying company | AlixPartners | Pure Storage |
| Best paying industry | Technology | Finance |
There are a few differences between a director, managing consultant and a principal consultant in terms of educational background:
| Director, Managing Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between directors, managing consultant' and principal consultants' demographics:
| Director, Managing Consultant | Principal Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 74.6% Female, 25.4% | Male, 75.8% Female, 24.2% |
| Race ratio | 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% | 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 | 10% | 11% |