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The differences between economic consultants and associate consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an economic consultant and an associate consultant. Additionally, an economic consultant has an average salary of $81,767, which is higher than the $73,340 average annual salary of an associate consultant.
The top three skills for an economic consultant include SAS, SQL and data analysis. The most important skills for an associate consultant are healthcare, customer service, and project management.
| Economic Consultant | Associate Consultant | |
| Yearly salary | $81,767 | $73,340 |
| Hourly rate | $39.31 | $35.26 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,508 | 94,983 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An economic consultant is responsible for analyzing data statistics and market conditions that affect the performance of the production and manufacturing processes of an organization. Economic consultants develop business plans to address economic difficulties based on the research and data methodologies. They write reports for the management's reference and discuss sales forecasts, as well as the availability of resources depending on the market changes. An economic consultant should have excellent communication and analytical skills, especially in helping the organization identify opportunities in the long run that would generate more revenues and profits.
An associate consultant is responsible for evaluating the project requirements based on clients' specifications, ensuring that the team meets project deliverables efficiently. Associate consultants test system applications and network infrastructure to recommend possible modifications for optimal performance and flawless navigation. They also identify cost-efficient business opportunities to gain more clients and improve overall project management procedures. An associate consultant may also facilitate training programs for the staff to maximize their productivity and hone their potential.
Economic consultants and associate consultants have different pay scales, as shown below.
| Economic Consultant | Associate Consultant | |
| Average salary | $81,767 | $73,340 |
| Salary range | Between $55,000 And $121,000 | Between $60,000 And $88,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Massachusetts | Alaska |
| Best paying company | Bates White, LLC | Practice Fusion |
| Best paying industry | Professional | Finance |
There are a few differences between an economic consultant and an associate consultant in terms of educational background:
| Economic Consultant | Associate Consultant | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 71% |
| Most common major | Economics | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between economic consultants' and associate consultants' demographics:
| Economic Consultant | Associate Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 55.5% Female, 44.5% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |