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The differences between practice management consultants and 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 practice management consultant and a consultant. Additionally, a practice management consultant has an average salary of $92,700, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a practice management consultant include financial services, project management and business development. The most important skills for a consultant are customer service, strong analytical, and project management.
| Practice Management Consultant | Consultant | |
| Yearly salary | $92,700 | $78,912 |
| Hourly rate | $44.57 | $37.94 |
| Growth rate | 11% | 11% |
| Number of jobs | 123,902 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Practice management consultants need a bachelor's or master's degree in business, health policy, or economics. They also need a strong skill set in communication, problem-solving, analysis, flexibility, and teamwork in order to be successful in this career. Those who choose this career path work with providers and practice managers to identify and quantify practice management issues and implement solutions to these problems.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Practice management consultants and consultants have different pay scales, as shown below.
| Practice Management Consultant | Consultant | |
| Average salary | $92,700 | $78,912 |
| Salary range | Between $66,000 And $130,000 | Between $58,000 And $107,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New Jersey |
| Best paying company | - | L.E.K. Consulting |
| Best paying industry | - | Technology |
There are a few differences between a practice management consultant and a consultant in terms of educational background:
| Practice Management Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between practice management consultants' and consultants' demographics:
| Practice Management Consultant | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.3% Female, 49.7% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 11.8% White, 66.1% American Indian and Alaska Native, 0.2% | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |