Economic consultant vs senior management consultant

The differences between economic consultants and senior 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 an economic consultant and a senior management consultant. Additionally, a senior management consultant has an average salary of $128,259, 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 senior management consultant are analytics, business process, and business development.

Economic consultant vs senior management consultant overview

	Economic Consultant	Senior Management Consultant
Yearly salary	$81,767	$128,259
Hourly rate	$39.31	$61.66
Growth rate	11%	11%
Number of jobs	75,508	182,913
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 68%
Average age	44	44
Years of experience	4	4

What does an economic consultant do?

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.

What does a senior management consultant do?

A senior management consultant is an experienced professional who is in charge of a team of management consultants to help an organization solve issues, maximize growth, and improve business performance. Senior management consultants must conduct company research so that they can better understand the organization. They prepare business proposals and presentations as well as identify issues to form hypotheses and solutions. Senior management consultants must also implement recommendations or solutions and ensure that an organization receives the necessary assistance to carry it all out.

Economic consultant vs senior management consultant salary

Economic consultants and senior management consultants have different pay scales, as shown below.

	Economic Consultant	Senior Management Consultant
Average salary	$81,767	$128,259
Salary range	Between $55,000 And $121,000	Between $90,000 And $181,000
Highest paying City	Washington, DC	Jersey City, NJ
Highest paying state	Massachusetts	New Jersey
Best paying company	Bates White, LLC	Reed Smith
Best paying industry	Professional	Technology

Differences between economic consultant and senior management consultant education

There are a few differences between an economic consultant and a senior management consultant in terms of educational background:

	Economic Consultant	Senior Management Consultant
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 68%
Most common major	Economics	Business
Most common college	Northwestern University	Northwestern University

Economic consultant vs senior management consultant demographics

Here are the differences between economic consultants' and senior management consultants' demographics:

	Economic Consultant	Senior Management Consultant
Average age	44	44
Gender ratio	Male, 64.1% Female, 35.9%	Male, 71.2% Female, 28.8%
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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between economic consultant and senior management consultant duties and responsibilities

Economic consultant example responsibilities.

Provide SharePoint development and administration, budget and financial reporting; manage invoicing; and develop training manuals and user guides.
Generate and analyze data sets using SAS.
Modify legacy SAS code to run more reliably and e ciently.
Educate professionals on the CPT coding system and the circumstances under which private insurers and Medicaid would accept claims.
Focuse on business strategy, sustainability in LATAM, and the influence of macro trends on specific investment opportunities.
Maintain and handle the delivery of key findings base on clinical results and financial risk to improve customer ROI.

Senior management consultant example responsibilities.

Manage / provide oversight to critical Medicare and Medicaid projects, with focus in system consolidation and reporting.
Define and manage: roles & responsibilities, resource allocations, roadmap and project milestones, and operating guidelines.
Lead systems analysis for payroll and accounting batch processing applications.
Achieve significant improvements in business alignment, application innovation, world-class infrastructure technology, customer service and stakeholder value.
Develop business case, CBA, governance plan, policies & architecture for automation effort ;.
Ensure end-to-end alignment of PMO projects and programs to technology portfolio roadmap

Economic consultant vs senior management consultant skills

Common economic consultant skills

SAS, 19%
SQL, 18%
Data Analysis, 11%
Financial Analysis, 10%
PowerPoint, 6%
Statistical Analyses, 5%

Common senior management consultant skills

Analytics, 10%
Business Process, 5%
Business Development, 5%
Project Management, 4%
Portfolio, 4%
Business Analysis, 4%

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Economic Consultant
Economic Consultant vs Senior Management Consultant

Updated January 8, 2025

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