Management consultant vs strategy consultant

The differences between management consultants and strategy 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 strategy consultant. Additionally, a strategy consultant has an average salary of $115,244, 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 strategy consultant are healthcare, project management, and develop recommendations.

Management consultant vs strategy consultant overview

	Management Consultant	Strategy Consultant
Yearly salary	$99,360	$115,244
Hourly rate	$47.77	$55.41
Growth rate	11%	11%
Number of jobs	153,045	70,241
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 66%
Average age	44	44
Years of experience	4	4

What does a management consultant do?

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.

What does a strategy consultant do?

A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.

Management consultant vs strategy consultant salary

Management consultants and strategy consultants have different pay scales, as shown below.

	Management Consultant	Strategy Consultant
Average salary	$99,360	$115,244
Salary range	Between $72,000 And $136,000	Between $87,000 And $151,000
Highest paying City	Jersey City, NJ	San Francisco, CA
Highest paying state	New Jersey	Alaska
Best paying company	Apple	Mayo Clinic
Best paying industry	Technology	Finance

Differences between management consultant and strategy consultant education

There are a few differences between a management consultant and a strategy consultant in terms of educational background:

	Management Consultant	Strategy Consultant
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Management consultant vs strategy consultant demographics

Here are the differences between management consultants' and strategy consultants' demographics:

	Management Consultant	Strategy Consultant
Average age	44	44
Gender ratio	Male, 65.9% Female, 34.1%	Male, 63.1% Female, 36.9%
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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between management consultant and strategy consultant duties and responsibilities

Management consultant example responsibilities.

Streamline and program manage operations for end-to-end creation of all assets using Smartsheet.
Lead daily agile scrum meetings towards the end of the development phase of the project.
Monitor and control project schedule for SaaS product to achieve project deliveries in at least 95th percentile.
Lead teams in implementation of value map streaming, ISO 9000 and waste reduction in manufacturing process.
Manage functional design team activities using baseline scope document information and develop process standards in line with SDLC methodologies.
Develop light-weight (fast) proprietary cloud-base licensing engine and UI to manage and track end user subscription licenses.

Strategy consultant example responsibilities.

Lead project to ensure integration of CMS and other regulations (HIPAA etc . )
Achieve SOX compliance requirements across organization.
Manage the remediation process using SDLC methodology.
Develop and manage all front-of-house operations / logistics including guest control planning, security, celebrity appearances and executive presentations.
Develop and manage value-based pricing strategy that maximize profitability and marketability of limited-inventory advertising portfolio.
Provide business development and growth direction to technology focuse entrepreneurs and small businesses.

Management consultant vs strategy consultant skills

Common management consultant skills

Healthcare, 9%
Project Management, 7%
Portfolio, 6%
Business Process, 5%
Business Strategy, 5%
Business Development, 4%

Common strategy consultant skills

Healthcare, 7%
Project Management, 6%
Develop Recommendations, 6%
Client Facing, 5%
Market Research, 5%
Business Development, 4%

Management Consultant vs. similar jobs

Management Consultant related careers

Management Consultant related jobs

Management Consultant jobs by location

Zippia Careers
Business and Financial Industry
Management Consultant
Management Consultant vs Strategy Consultant

Updated January 8, 2025

Browse business and financial jobs