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The differences between economic consultants and solutions 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 solutions consultant. Additionally, a solutions consultant has an average salary of $94,839, 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 solutions consultant are pre sales, sales process, and cloud.
| Economic Consultant | Solutions Consultant | |
| Yearly salary | $81,767 | $94,839 |
| Hourly rate | $39.31 | $45.60 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,508 | 103,093 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 72% |
| 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 solutions consultant is an individual who has an in-depth knowledge of technology that can help a company to overcome issues, increase sales, and have a better connection with their customers. Solutions consultants are responsible for heading the installment of customized software solutions and train dealers and customer sales engineers to administer the customized solution. They represent the company by attending tradeshows and events to demonstrate their company's technology. Solutions consultants must also ensure to demonstrate technical feasibility through beta tests plus trial programs.
Economic consultants and solutions consultants have different pay scales, as shown below.
| Economic Consultant | Solutions Consultant | |
| Average salary | $81,767 | $94,839 |
| Salary range | Between $55,000 And $121,000 | Between $68,000 And $131,000 |
| Highest paying City | Washington, DC | San Bruno, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Bates White, LLC | Apple |
| Best paying industry | Professional | Technology |
There are a few differences between an economic consultant and a solutions consultant in terms of educational background:
| Economic Consultant | Solutions Consultant | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 72% |
| Most common major | Economics | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between economic consultants' and solutions consultants' demographics:
| Economic Consultant | Solutions Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 69.1% Female, 30.9% |
| 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, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.6% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |