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The differences between management consultants and operations consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a management consultant has an average salary of $99,360, which is higher than the $87,229 average annual salary of an operations consultant.
The top three skills for a management consultant include healthcare, project management and portfolio. The most important skills for an operations consultant are risk management, strong analytical, and business process.
| Management Consultant | Operations Consultant | |
| Yearly salary | $99,360 | $87,229 |
| Hourly rate | $47.77 | $41.94 |
| Growth rate | 11% | 11% |
| Number of jobs | 153,045 | 122,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 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.
The duties of an operations consultant may vary in one's place or industry of employment. Typically, their responsibilities revolve around working with clients to determine a business's strengths and weaknesses, identifying areas needing focus and development, and utilizing expertise in devising cost-effective strategies for improvement. Moreover, an operations consultant must produce evaluation and progress reports, facilitate budget coordination and training activities, and introduce new technologies. It is also essential to implement the company's policies and regulations, all while adhering to their vision and mission.
Management consultants and operations consultants have different pay scales, as shown below.
| Management Consultant | Operations Consultant | |
| Average salary | $99,360 | $87,229 |
| Salary range | Between $72,000 And $136,000 | Between $65,000 And $116,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Hawaii |
| Best paying company | Apple | eBay |
| Best paying industry | Technology | Finance |
There are a few differences between a management consultant and an operations consultant in terms of educational background:
| Management Consultant | Operations Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between management consultants' and operations consultants' demographics:
| Management Consultant | Operations Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 62.7% Female, 37.3% |
| 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, 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% |