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The differences between principal consultants and partners can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $76,119 average annual salary of a partner.
The top three skills for a principal consultant include cloud, business development and C #. The most important skills for a partner are patients, customer service, and healthcare.
| Principal Consultant | Partner | |
| Yearly salary | $116,478 | $76,119 |
| Hourly rate | $56.00 | $36.60 |
| Growth rate | 11% | 10% |
| Number of jobs | 143,753 | 45,758 |
| Job satisfaction | - | 1 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
A business partner is responsible for providing strategies and recommendations on how the business will operate, increasing its revenues while sharing profits. Business partners must have extensive knowledge of how the current market industry works to identify the best decisions for the business. A business partner should also be engaged in suggesting new services and offers that the company might consider for its clients. Business partners must also keep the confidentiality of their partnering business administration at all times.
Principal consultants and partners have different pay scales, as shown below.
| Principal Consultant | Partner | |
| Average salary | $116,478 | $76,119 |
| Salary range | Between $90,000 And $150,000 | Between $31,000 And $182,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Oregon | New York |
| Best paying company | Pure Storage | Sidley Austin |
| Best paying industry | Finance | - |
There are a few differences between a principal consultant and a partner in terms of educational background:
| Principal Consultant | Partner | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between principal consultants' and partners' demographics:
| Principal Consultant | Partner | |
| Average age | 44 | 39 |
| Gender ratio | Male, 75.8% Female, 24.2% | Male, 62.3% Female, 37.7% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | 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 | 11% | 10% |