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The differences between practice management consultants and management analysts 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 management analyst. Additionally, a practice management consultant has an average salary of $92,700, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a practice management consultant include financial services, project management and business development. The most important skills for a management analyst are customer service, project management, and logistics.
| Practice Management Consultant | Management Analyst | |
| Yearly salary | $92,700 | $69,804 |
| Hourly rate | $44.57 | $33.56 |
| Growth rate | 11% | 11% |
| Number of jobs | 123,902 | 169,171 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| 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.
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
Practice management consultants and management analysts have different pay scales, as shown below.
| Practice Management Consultant | Management Analyst | |
| Average salary | $92,700 | $69,804 |
| Salary range | Between $66,000 And $130,000 | Between $49,000 And $98,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New Jersey |
| Best paying company | - | The Citadel |
| Best paying industry | - | Professional |
There are a few differences between a practice management consultant and a management analyst in terms of educational background:
| Practice Management Consultant | Management Analyst | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between practice management consultants' and management analysts' demographics:
| Practice Management Consultant | Management Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.3% Female, 49.7% | Male, 46.5% Female, 53.5% |
| 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |