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The differences between management consultants and data scientists 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 a data scientist. Additionally, a data scientist has an average salary of $106,104, which is higher than the $99,360 average annual salary of a management consultant.
The top three skills for a management consultant include healthcare, project management and portfolio. The most important skills for a data scientist are python, data science, and visualization.
| Management Consultant | Data Scientist | |
| Yearly salary | $99,360 | $106,104 |
| Hourly rate | $47.77 | $51.01 |
| Growth rate | 11% | 16% |
| Number of jobs | 153,045 | 106,973 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 51% |
| Average age | 44 | 41 |
| 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.
A Data Scientist analyzes information from multiple sources in order to gain maximum insight that can give the company a competitive advantage. They work in different domains, including manufacturing, healthcare, education, and finance.
Management consultants and data scientists have different pay scales, as shown below.
| Management Consultant | Data Scientist | |
| Average salary | $99,360 | $106,104 |
| Salary range | Between $72,000 And $136,000 | Between $75,000 And $148,000 |
| Highest paying City | Jersey City, NJ | Richmond, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Apple | The Citadel |
| Best paying industry | Technology | Start-up |
There are a few differences between a management consultant and a data scientist in terms of educational background:
| Management Consultant | Data Scientist | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 51% |
| Most common major | Business | Computer Science |
| Most common college | Northwestern University | Columbia University in the City of New York |
Here are the differences between management consultants' and data scientists' demographics:
| Management Consultant | Data Scientist | |
| Average age | 44 | 41 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 79.6% Female, 20.4% |
| 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, 4.2% Unknown, 5.4% Hispanic or Latino, 6.9% Asian, 18.8% White, 64.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 9% |