Finance management analyst vs management consultant

The differences between finance management analysts and 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 a finance management analyst and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $71,934 average annual salary of a finance management analyst.

The top three skills for a finance management analyst include financial management, financial issues and management reports. The most important skills for a management consultant are healthcare, project management, and portfolio.

Finance management analyst vs management consultant overview

	Finance Management Analyst	Management Consultant
Yearly salary	$71,934	$99,360
Hourly rate	$34.58	$47.77
Growth rate	11%	11%
Number of jobs	184,284	153,045
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 67%
Average age	44	44
Years of experience	4	4

What does a finance management analyst do?

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

What does a management consultant do?

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.

Finance management analyst vs management consultant salary

Finance management analysts and management consultants have different pay scales, as shown below.

	Finance Management Analyst	Management Consultant
Average salary	$71,934	$99,360
Salary range	Between $49,000 And $104,000	Between $72,000 And $136,000
Highest paying City	Washington, DC	Jersey City, NJ
Highest paying state	New York	New Jersey
Best paying company	Apple	Apple
Best paying industry	Government	Technology

Differences between finance management analyst and management consultant education

There are a few differences between a finance management analyst and a management consultant in terms of educational background:

	Finance Management Analyst	Management Consultant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Finance management analyst vs management consultant demographics

Here are the differences between finance management analysts' and management consultants' demographics:

	Finance Management Analyst	Management Consultant
Average age	44	44
Gender ratio	Male, 54.2% Female, 45.8%	Male, 65.9% Female, 34.1%
Race ratio	Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% 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	12%	12%

Differences between finance management analyst and management consultant duties and responsibilities

Finance management analyst example responsibilities.

Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
Review DTS authorizations for every traveler belonging to AEC.
Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
Maintain accounting practices for the ambulatory surgery center in QuickBooks.

Management consultant example responsibilities.

Streamline and program manage operations for end-to-end creation of all assets using Smartsheet.
Lead daily agile scrum meetings towards the end of the development phase of the project.
Monitor and control project schedule for SaaS product to achieve project deliveries in at least 95th percentile.
Lead teams in implementation of value map streaming, ISO 9000 and waste reduction in manufacturing process.
Manage functional design team activities using baseline scope document information and develop process standards in line with SDLC methodologies.
Develop light-weight (fast) proprietary cloud-base licensing engine and UI to manage and track end user subscription licenses.

Finance management analyst vs management consultant skills

Common finance management analyst skills

Financial Management, 13%
Financial Issues, 10%
Management Reports, 9%
Financial Policies, 9%
DOD, 9%
Budget Estimates, 8%

Common management consultant skills

Healthcare, 9%
Project Management, 7%
Portfolio, 6%
Business Process, 5%
Business Strategy, 5%
Business Development, 4%

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Finance Management Analyst
Finance Management Analyst vs Management Consultant

Updated January 8, 2025

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