Fico consultant vs functional consultant

The differences between fico consultants and functional consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a fico consultant and a functional consultant. Additionally, a fico consultant has an average salary of $95,278, which is higher than the $85,317 average annual salary of a functional consultant.

The top three skills for a fico consultant include master data, PCA and asset classes. The most important skills for a functional consultant are business process, prototyping, and ERP.

Fico consultant vs functional consultant overview

	Fico Consultant	Functional Consultant
Yearly salary	$95,278	$85,317
Hourly rate	$45.81	$41.02
Growth rate	9%	9%
Number of jobs	25,683	51,066
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 66%
Average age	43	43
Years of experience	6	6

Fico consultant vs functional consultant salary

Fico consultants and functional consultants have different pay scales, as shown below.

	Fico Consultant	Functional Consultant
Average salary	$95,278	$85,317
Salary range	Between $72,000 And $126,000	Between $65,000 And $110,000
Highest paying City	Sacramento, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Fossil	Workday
Best paying industry	Manufacturing	Manufacturing

Differences between fico consultant and functional consultant education

There are a few differences between a fico consultant and a functional consultant in terms of educational background:

	Fico Consultant	Functional Consultant
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 66%
Most common major	Accounting	Computer Science
Most common college	-	-

Fico consultant vs functional consultant demographics

Here are the differences between fico consultants' and functional consultants' demographics:

	Fico Consultant	Functional Consultant
Average age	43	43
Gender ratio	Male, 72.3% Female, 27.7%	Male, 71.9% Female, 28.1%
Race ratio	Black or African American, 8.5% Unknown, 4.9% Hispanic or Latino, 9.6% Asian, 25.2% White, 51.6% American Indian and Alaska Native, 0.2%	Black or African American, 8.5% Unknown, 4.9% Hispanic or Latino, 9.6% Asian, 25.2% White, 51.7% American Indian and Alaska Native, 0.2%
LGBT Percentage	8%	8%

Differences between fico consultant and functional consultant duties and responsibilities

Fico consultant example responsibilities.

Develop unit test plans, perform security testing and manage integration testing and user training on the FI/CO modules to end-users.
Establish and test new bank accounts for AP check and ACH payment processing.
Work on the higher level design and customization of product cost controlling CO-PC, COPA, CCA and PCA.
Used costing sheet mechanism for overhead calculation by maintaining overhead cost elements, defining calculation bases, percentage overheads and credits.
Customize A/R and A/P modules, create vendor-customer master records, APP for outgoing payments, credit management and lockbox processing.
Configure automatic interest calculation procedure, payment terms, correspondence and dunning procedures.

Functional consultant example responsibilities.

Lead project to enhance batch and on-line system, using DB2, VSAM and DYL280.
Used TcpTrace to track and analyze the status of leads in SalesForce.
Analyze impacts and work with SME's, business partners to gather detail requirements and manage risks/ issues.
Design and maintain numerous data warehousing tools to automate the ETL process, data retrieval, integration and reporting functions.
Lead architecture, develop of predictive models & application develop of radiology-oncology executive dashboard and alerting services base on statistical calculations.
Act as back up for FI analyst, assisting and providing support for issues relate to GL, AP and AR.

Fico consultant vs functional consultant skills

Common fico consultant skills

Master Data, 6%
PCA, 6%
Asset Classes, 6%
Business Process, 6%
FI-GL, 5%
FI-MM, 4%

Common functional consultant skills

Business Process, 9%
Prototyping, 8%
ERP, 8%
CRM, 4%
Test Cases, 4%
Payroll, 3%

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Fico Consultant vs Functional Consultant

Updated January 8, 2025

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