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The differences between management consultants and project 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 a project consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $86,654 average annual salary of a project consultant.
The top three skills for a management consultant include healthcare, project management and portfolio. The most important skills for a project consultant are customer service, project management, and client facing.
| Management Consultant | Project Consultant | |
| Yearly salary | $99,360 | $86,654 |
| Hourly rate | $47.77 | $41.66 |
| Growth rate | 11% | 11% |
| Number of jobs | 153,045 | 113,013 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| 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 project consultant is responsible for communicating with the clients for their specific needs, develop strategic plans, and determine project resources to achieve their business goals and objectives. Project consultants are employed across various industries, offering their knowledge and expertise to facilitate clients' requests and propositions. They also collaborate with different development teams to discuss project parameters and analyze opportunities to improve plans and progress efficiency. A project consultant must have excellent communication and critical-thinking skills, responding to clients' inquiries and concerns, and providing recommendations to ensure successful project completion.
Management consultants and project consultants have different pay scales, as shown below.
| Management Consultant | Project Consultant | |
| Average salary | $99,360 | $86,654 |
| Salary range | Between $72,000 And $136,000 | Between $59,000 And $126,000 |
| Highest paying City | Jersey City, NJ | Newark, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Apple | Dell |
| Best paying industry | Technology | - |
There are a few differences between a management consultant and a project consultant in terms of educational background:
| Management Consultant | Project Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between management consultants' and project consultants' demographics:
| Management Consultant | Project Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 61.9% Female, 38.1% |
| 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, 8.5% Asian, 14.4% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |