Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between executive consultants and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $85,153 average annual salary of a business development consultant.
The top three skills for an executive consultant include healthcare, business development and financial services. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Executive Consultant | Business Development Consultant | |
| Yearly salary | $131,331 | $85,153 |
| Hourly rate | $63.14 | $40.94 |
| Growth rate | 10% | 6% |
| Number of jobs | 118,432 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Executive consultants and business development consultants have different pay scales, as shown below.
| Executive Consultant | Business Development Consultant | |
| Average salary | $131,331 | $85,153 |
| Salary range | Between $90,000 And $190,000 | Between $52,000 And $137,000 |
| Highest paying City | South San Francisco, CA | Minneapolis, MN |
| Highest paying state | Washington | Pennsylvania |
| Best paying company | Mayo Clinic | Veeva Systems |
| Best paying industry | Technology | Media |
There are a few differences between an executive consultant and a business development consultant in terms of educational background:
| Executive Consultant | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between executive consultants' and business development consultants' demographics:
| Executive Consultant | Business Development Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 67.2% Female, 32.8% | Male, 64.1% Female, 35.9% |
| 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% |