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The differences between internal consultants and strategy 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 strategy consultant. Additionally, a strategy consultant has an average salary of $115,244, 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 strategy consultant are healthcare, project management, and develop recommendations.
| Internal Consultant | Strategy Consultant | |
| Yearly salary | $91,097 | $115,244 |
| Hourly rate | $43.80 | $55.41 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,927 | 70,241 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 66% |
| 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 strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.
Internal consultants and strategy consultants have different pay scales, as shown below.
| Internal Consultant | Strategy Consultant | |
| Average salary | $91,097 | $115,244 |
| Salary range | Between $67,000 And $122,000 | Between $87,000 And $151,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | Citi | Mayo Clinic |
| Best paying industry | Technology | Finance |
There are a few differences between an internal consultant and a strategy consultant in terms of educational background:
| Internal Consultant | Strategy Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between internal consultants' and strategy consultants' demographics:
| Internal Consultant | Strategy Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 63.1% Female, 36.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |