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The differences between internal consultants and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, 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 principal consultant are cloud, business development, and C #.
| Internal Consultant | Principal Consultant | |
| Yearly salary | $91,097 | $116,478 |
| Hourly rate | $43.80 | $56.00 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,927 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 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 principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Internal consultants and principal consultants have different pay scales, as shown below.
| Internal Consultant | Principal Consultant | |
| Average salary | $91,097 | $116,478 |
| Salary range | Between $67,000 And $122,000 | Between $90,000 And $150,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Oregon |
| Best paying company | Citi | Pure Storage |
| Best paying industry | Technology | Finance |
There are a few differences between an internal consultant and a principal consultant in terms of educational background:
| Internal Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between internal consultants' and principal consultants' demographics:
| Internal Consultant | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 75.8% Female, 24.2% |
| 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, 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 | 12% | 11% |