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The differences between management scientists and management 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 scientist and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $82,587 average annual salary of a management scientist.
The top three skills for a management scientist include data analysis, project management and FDA. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Management Scientist | Management Consultant | |
| Yearly salary | $82,587 | $99,360 |
| Hourly rate | $39.71 | $47.77 |
| Growth rate | 17% | 11% |
| Number of jobs | 105,513 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 41 | 44 |
| Years of experience | 4 | 4 |
A management scientist manages molecular data. The most preferred skills of an individual who wants to become a management scientist are observation, communication, and critical thinking. They are the ones who are responsible for FDA compliance, operations research, and data analysis of an organization.
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.
Management scientists and management consultants have different pay scales, as shown below.
| Management Scientist | Management Consultant | |
| Average salary | $82,587 | $99,360 |
| Salary range | Between $53,000 And $127,000 | Between $72,000 And $136,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Meta | Apple |
| Best paying industry | - | Technology |
There are a few differences between a management scientist and a management consultant in terms of educational background:
| Management Scientist | Management Consultant | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Biology | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between management scientists' and management consultants' demographics:
| Management Scientist | Management Consultant | |
| Average age | 41 | 44 |
| Gender ratio | Male, 57.7% Female, 42.3% | Male, 65.9% Female, 34.1% |
| Race ratio | Black or African American, 6.5% Unknown, 4.2% Hispanic or Latino, 9.8% Asian, 26.2% White, 53.1% American Indian and Alaska Native, 0.1% | 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% |
| LGBT Percentage | 8% | 12% |