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The differences between internal consultants 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 an internal consultant and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $91,097 average annual salary of an internal consultant.
The top three skills for an internal consultant include project management, process improvement and internal controls. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Internal Consultant | Management Consultant | |
| Yearly salary | $91,097 | $99,360 |
| Hourly rate | $43.80 | $47.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,927 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An internal consultant is responsible for providing consultation on the business process and operations to identify key areas of improvement and review its effectiveness to support the business goals and objectives. Internal consultants must have excellent organizational skills and expertise in business planning and project management to strategize and improve existing methodologies that would raise the company's performance. They also develop training and programs necessary for the employees to maximize their productivity and manage efficiency.
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.
Internal consultants and management consultants have different pay scales, as shown below.
| Internal Consultant | Management Consultant | |
| Average salary | $91,097 | $99,360 |
| Salary range | Between $67,000 And $122,000 | Between $72,000 And $136,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Citi | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between an internal consultant and a management consultant in terms of educational background:
| Internal Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between internal consultants' and management consultants' demographics:
| Internal Consultant | Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 65.9% Female, 34.1% |
| Race ratio | Black or African American, 8.5% Unknown, 4.5% Hispanic or Latino, 9.2% Asian, 12.4% White, 65.3% 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% |