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The differences between economic consultants and data 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 a data consultant. Additionally, a data consultant has an average salary of $94,945, which is higher than the $81,767 average annual salary of an economic consultant.
The top three skills for an economic consultant include SAS, SQL and data analysis. The most important skills for a data consultant are analytics, data quality, and data management.
| Economic Consultant | Data Consultant | |
| Yearly salary | $81,767 | $94,945 |
| Hourly rate | $39.31 | $45.65 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,508 | 149,791 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 61% |
| 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.
A data consultant is primarily responsible for devising strategies on finding data and utilizing them according to the needs of a company. Most of the time, they are in charge of gathering data through various means and opportunities, maintaining and designing a database, coordinating with multiple data specialists, inspecting data for any inconsistencies, and performing corrective measures. Furthermore, a data consultant may develop systems and networks for data storage, all while adhering to the policies and standards of the company.
Economic consultants and data consultants have different pay scales, as shown below.
| Economic Consultant | Data Consultant | |
| Average salary | $81,767 | $94,945 |
| Salary range | Between $55,000 And $121,000 | Between $70,000 And $127,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Bates White, LLC | |
| Best paying industry | Professional | Health Care |
There are a few differences between an economic consultant and a data consultant in terms of educational background:
| Economic Consultant | Data Consultant | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 61% |
| Most common major | Economics | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between economic consultants' and data consultants' demographics:
| Economic Consultant | Data Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 63.2% Female, 36.8% |
| 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, 65.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |