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The differences between principal consultants and senior finance consultants 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 $97,689 average annual salary of a senior finance consultant.
The top three skills for a principal consultant include cloud, business development and C #. The most important skills for a senior finance consultant are financial analysis, project management, and financial services.
| Principal Consultant | Senior Finance Consultant | |
| Yearly salary | $116,478 | $97,689 |
| Hourly rate | $56.00 | $46.97 |
| Growth rate | 11% | 9% |
| Number of jobs | 143,753 | 112,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | - | 4 |
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 senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Principal consultants and senior finance consultants have different pay scales, as shown below.
| Principal Consultant | Senior Finance Consultant | |
| Average salary | $116,478 | $97,689 |
| Salary range | Between $90,000 And $150,000 | Between $68,000 And $138,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Pure Storage | Dell |
| Best paying industry | Finance | Technology |
There are a few differences between a principal consultant and a senior finance consultant in terms of educational background:
| Principal Consultant | Senior Finance Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between principal consultants' and senior finance consultants' demographics:
| Principal Consultant | Senior Finance Consultant | |
| Average age | 44 | 40 |
| Gender ratio | Male, 75.8% Female, 24.2% | Male, 68.2% Female, 31.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 7% |