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The differences between management consultants and associate 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 management consultant and an associate consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $73,340 average annual salary of an associate consultant.
The top three skills for a management consultant include healthcare, project management and portfolio. The most important skills for an associate consultant are healthcare, customer service, and project management.
Management Consultant | Associate Consultant | |
Yearly Salary | $99,360 | $73,340 |
Hourly rate | $47.77 | $35.26 |
Growth Rate | 11% | 11% |
Number Of Jobs | 153,045 | 94,983 |
Job Satisfaction | - | - |
Most Common Degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
Average Age | 44 | 44 |
Years Of Experience | 4 | 4 |
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.
An associate consultant is responsible for evaluating the project requirements based on clients' specifications, ensuring that the team meets project deliverables efficiently. Associate consultants test system applications and network infrastructure to recommend possible modifications for optimal performance and flawless navigation. They also identify cost-efficient business opportunities to gain more clients and improve overall project management procedures. An associate consultant may also facilitate training programs for the staff to maximize their productivity and hone their potential.
Management consultants and associate consultants have different pay scales, as shown below.
Management Consultant | Associate Consultant | |
Average Salary | $99,360 | $73,340 |
Salary Range | Between $72,000 And $136,000 | Between $60,000 And $88,000 |
Highest Paying City | Jersey City, NJ | Washington, DC |
Highest Paying State | New Jersey | Alaska |
Best Paying Company | Apple | Practice Fusion |
Best Paying Industry | Technology | Finance |
There are a few differences between a management consultant and an associate consultant in terms of educational background:
Management Consultant | Associate Consultant | |
Most Common Degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
Most Common Major | Business | Business |
Most Common College | Northwestern University | Northwestern University |
Here are the differences between management consultants' and associate consultants' demographics:
Management Consultant | Associate Consultant | |
Average Age | 44 | 44 |
Gender Ratio | Male, 65.9% Female, 34.1% | Male, 55.5% Female, 44.5% |
Race Ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
LGBT Percentage | 12% | 12% |