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The differences between management consultants and management analysts 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 management analyst. Additionally, a management consultant has an average salary of $99,360, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a management consultant include healthcare, project management and portfolio. The most important skills for a management analyst are customer service, project management, and logistics.
| Management Consultant | Management Analyst | |
| Yearly salary | $99,360 | $69,804 |
| Hourly rate | $47.77 | $33.56 |
| Growth rate | 11% | 11% |
| Number of jobs | 153,045 | 169,171 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| 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.
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
Management consultants and management analysts have different pay scales, as shown below.
| Management Consultant | Management Analyst | |
| Average salary | $99,360 | $69,804 |
| Salary range | Between $72,000 And $136,000 | Between $49,000 And $98,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Apple | The Citadel |
| Best paying industry | Technology | Professional |
There are a few differences between a management consultant and a management analyst in terms of educational background:
| Management Consultant | Management Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between management consultants' and management analysts' demographics:
| Management Consultant | Management Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 46.5% Female, 53.5% |
| 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |