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Manager of business consulting vs business owner

The differences between managers of business consulting and business owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a manager of business consulting and a business owner. Additionally, a manager of business consulting has an average salary of $129,326, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for a manager of business consulting include shared services, financial services and project management. The most important skills for a business owner are customer service, payroll, and financial statements.

Manager of business consulting vs business owner overview

Manager Of Business ConsultingBusiness Owner
Yearly salary$129,326$50,934
Hourly rate$62.18$24.49
Growth rate6%6%
Number of jobs238,910107,663
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 52%
Average age4444
Years of experience66

What does a manager of business consulting do?

A manager of business consulting helps an organization operate better by resolving issues, maximizing growth, and improving business performance. His/Her or her responsibilities include collecting data to understand the organization, conducting business analysis, and managing projects and programs. The essential skills for the job include the ability to work as part of a team, good communication, problem-solving, and analytical skills, and knowledge of business environments. The job's education requirements include obtaining a degree in business, economics, or other related fields.

What does a business owner do?

Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.

Manager of business consulting vs business owner salary

Managers of business consulting and business owners have different pay scales, as shown below.

Manager Of Business ConsultingBusiness Owner
Average salary$129,326$50,934
Salary rangeBetween $95,000 And $174,000Between $27,000 And $94,000
Highest paying CitySan Francisco, CASeattle, WA
Highest paying stateCaliforniaWashington
Best paying companySAPBD
Best paying industryInternetRetail

Differences between manager of business consulting and business owner education

There are a few differences between a manager of business consulting and a business owner in terms of educational background:

Manager Of Business ConsultingBusiness Owner
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Manager of business consulting vs business owner demographics

Here are the differences between managers of business consulting' and business owners' demographics:

Manager Of Business ConsultingBusiness Owner
Average age4444
Gender ratioMale, 62.0% Female, 38.0%Male, 51.4% Female, 48.6%
Race ratioBlack or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.3% American Indian and Alaska Native, 0.5%Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between manager of business consulting and business owner duties and responsibilities

Manager of business consulting example responsibilities.

  • Lead sales efforts for an ERP implementation project.
  • Manage several large engagements for clients in high-tech manufacturing, software, and healthcare relate industries.
  • Manage pipeline, validate solutions, and conduct ROI feasibility studies of business value for potential projects.
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Develop ongoing staff training in compliance of the application of federal and state laws in the healthcare setting.
  • Assist in setting up the new start-up company including QuickBooks payroll and accounts payable, new employee hiring, and safety.
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Business owner example responsibilities.

  • Manage the budget and insure operations run smoothly.
  • Create, own and manage a LLC for grind pet transportation.
  • Establish and manage a beading boutique via the Internet by utilizing Photoshop to post designs on a personal website.
  • Manage sales, customer service, billing, A/P, A/R, vendor relations, negotiations, repairs, and maintenance.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Handle all aspects from A/P to A/R, payroll, ordering and dealing with all distributors and city officials.
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Manager of business consulting vs business owner skills

Common manager of business consulting skills
  • Shared Services, 16%
  • Financial Services, 11%
  • Project Management, 10%
  • Client Facing, 9%
  • Cash Management, 8%
  • Business Development, 6%
Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%

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