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The differences between management consultants and senior business 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 senior business consultant. Additionally, a senior business consultant has an average salary of $105,184, 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 senior business consultant are data analysis, healthcare, and project management.
| Management Consultant | Senior Business Consultant | |
| Yearly salary | $99,360 | $105,184 |
| Hourly rate | $47.77 | $50.57 |
| Growth rate | 11% | 11% |
| Number of jobs | 153,045 | 144,929 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| 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 senior business consultant specializes in performing research and analysis to optimize business processes. Their responsibilities revolve around coordinating with different departments to gather necessary data, devising strategies to reduce cost, assess risks, and identify the strength and weaknesses of operations to recommend solutions. They may also train and mentor junior consultants, produce progress reports and presentations, and assist clients through calls and correspondence. Furthermore, as a consultant, it is essential to adhere to the company's policies and regulations, including its vision and mission.
Management consultants and senior business consultants have different pay scales, as shown below.
| Management Consultant | Senior Business Consultant | |
| Average salary | $99,360 | $105,184 |
| Salary range | Between $72,000 And $136,000 | Between $81,000 And $136,000 |
| Highest paying City | Jersey City, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Apple | Anaplan |
| Best paying industry | Technology | Professional |
There are a few differences between a management consultant and a senior business consultant in terms of educational background:
| Management Consultant | Senior Business Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between management consultants' and senior business consultants' demographics:
| Management Consultant | Senior Business Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 69.2% Female, 30.8% |
| 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, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |