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Principal consultant vs partner

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 vs partner overview

Principal ConsultantPartner
Yearly salary$116,478$76,119
Hourly rate$56.00$36.60
Growth rate11%10%
Number of jobs143,75345,758
Job satisfaction-1
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 59%
Average age4439
Years of experience-10

What does a principal consultant do?

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.

What does a partner do?

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 consultant vs partner salary

Principal consultants and partners have different pay scales, as shown below.

Principal ConsultantPartner
Average salary$116,478$76,119
Salary rangeBetween $90,000 And $150,000Between $31,000 And $182,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateOregonNew York
Best paying companyPure StorageSidley Austin
Best paying industryFinance-

Differences between principal consultant and partner education

There are a few differences between a principal consultant and a partner in terms of educational background:

Principal ConsultantPartner
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Georgia

Principal consultant vs partner demographics

Here are the differences between principal consultants' and partners' demographics:

Principal ConsultantPartner
Average age4439
Gender ratioMale, 75.8% Female, 24.2%Male, 62.3% Female, 37.7%
Race ratioBlack 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 Percentage11%10%

Differences between principal consultant and partner duties and responsibilities

Principal consultant example responsibilities.

  • Manage project risks and issues throughout the SDLC phases, report project/program statuses to steering committee along with financial information.
  • Provide PMO office support including improving governance processes to achieve expect results.
  • Manage numerous engagements that are either custom development or package software (ERP) implementations and integration.
  • Project leadership, strategy and health information management consulting services to healthcare and manage care organizations and health information technology companies.
  • Design database and business objects using XML schema.
  • Create XMLType view to generate xml output from a SQL query.
  • Show more

Partner example responsibilities.

  • Negotiate interim management agreement for LLC on behalf of managing member in dispute with several other members who invest in company.
  • Operate and manage a boutique technology and business consultancy with nationwide operating breadth.
  • Practice all aspects of intellectual property law and manage this boutique intellectual property law practice.
  • Accomplish matrimonial and defense litigation interrogatory consolidation, memos, motions and other court filings for senior partner.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Design and deploy advanced lightweight information technology solutions, including POS, inventory management, and production-base systems.
  • Show more

Principal consultant vs partner skills

Common principal consultant skills
  • Cloud, 11%
  • Business Development, 10%
  • C #, 7%
  • Customer Satisfaction, 6%
  • Java, 5%
  • Project Management, 4%
Common partner skills
  • Patients, 16%
  • Customer Service, 14%
  • Healthcare, 8%
  • Patient Care, 7%
  • Project Management, 5%
  • Catheter, 5%

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