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The differences between market research consultants and executive consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a market research consultant, becoming an executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $85,073 average annual salary of a market research consultant.
The top three skills for a market research consultant include client facing, risk management and powerpoint. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Market Research Consultant | Executive Consultant | |
| Yearly salary | $85,073 | $131,331 |
| Hourly rate | $40.90 | $63.14 |
| Growth rate | 19% | 10% |
| Number of jobs | 76,424 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 37 | 39 |
| Years of experience | 6 | 10 |
A market research consultant specializes in developing and recommending strategies to optimize a company's marketing operations. They perform extensive market research and analysis, gather and analyze client feedback, spearhead surveys and studies to determine how the current marketing projects affect the consumers, and develop social media techniques to raise brand awareness and public interest. Using their research findings, a market research consultant develops conclusions and recommendations that adhere to the company's goals. Moreover, there are instances when a market research consultant participates in planning and creating marketing programs and materials.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Market research consultants and executive consultants have different pay scales, as shown below.
| Market Research Consultant | Executive Consultant | |
| Average salary | $85,073 | $131,331 |
| Salary range | Between $54,000 And $132,000 | Between $90,000 And $190,000 |
| Highest paying City | Renton, WA | South San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Invesco | Mayo Clinic |
| Best paying industry | - | Technology |
There are a few differences between a market research consultant and an executive consultant in terms of educational background:
| Market Research Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market research consultants' and executive consultants' demographics:
| Market Research Consultant | Executive Consultant | |
| Average age | 37 | 39 |
| Gender ratio | Male, 53.1% Female, 46.9% | Male, 67.2% Female, 32.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.4% Asian, 14.5% White, 64.2% American Indian and Alaska Native, 0.1% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |