Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between executive consultants and management consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become an executive consultant, becoming a management consultant takes usually requires 2-4 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $99,360 average annual salary of a management consultant.
The top three skills for an executive consultant include healthcare, business development and financial services. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Executive Consultant | Management Consultant | |
| Yearly salary | $131,331 | $99,360 |
| Hourly rate | $63.14 | $47.77 |
| Growth rate | 10% | 11% |
| Number of jobs | 118,432 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 39 | 44 |
| Years of experience | 10 | 4 |
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.
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
Executive consultants and management consultants have different pay scales, as shown below.
| Executive Consultant | Management Consultant | |
| Average salary | $131,331 | $99,360 |
| Salary range | Between $90,000 And $190,000 | Between $72,000 And $136,000 |
| Highest paying City | South San Francisco, CA | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | Mayo Clinic | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between an executive consultant and a management consultant in terms of educational background:
| Executive Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between executive consultants' and management consultants' demographics:
| Executive Consultant | Management Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 67.2% Female, 32.8% | Male, 65.9% Female, 34.1% |
| 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, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |