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The differences between performance consultants 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 performance consultant and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $69,327 average annual salary of a performance consultant.
The top three skills for a performance consultant include process improvement, customer service and healthcare. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Performance Consultant | Management Consultant | |
| Yearly salary | $69,327 | $99,360 |
| Hourly rate | $33.33 | $47.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 67,272 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Performance Consultants are individual contributors who help the company manage the business or employee performance. They have a proven track record of performance improvement based on client engagement. Performance Consultants review the data available to them, as provided by the company. Using these data, they look for patterns and trends that may help analyze the current performance. They would then analyze these patterns and trends so that they can provide recommendations to the company. Performance Consultants do not necessarily need to implement their recommendations. However, they usually guide the company throughout the implementation. They are also involved in the evaluation process.
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.
Performance consultants and management consultants have different pay scales, as shown below.
| Performance Consultant | Management Consultant | |
| Average salary | $69,327 | $99,360 |
| Salary range | Between $48,000 And $98,000 | Between $72,000 And $136,000 |
| Highest paying City | Salisbury, MD | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | Riverbed Holdings, Inc. | Apple |
| Best paying industry | Professional | Technology |
There are a few differences between a performance consultant and a management consultant in terms of educational background:
| Performance Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between performance consultants' and management consultants' demographics:
| Performance Consultant | Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 65.9% Female, 34.1% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.2% Asian, 11.8% White, 65.7% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |