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The differences between principal consultants and vice presidents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a vice president has an average salary of $158,637, which is higher than the $116,478 average annual salary of a principal consultant.
The top three skills for a principal consultant include cloud, business development and C #. The most important skills for a vice president are healthcare, oversight, and project management.
| Principal Consultant | Vice President | |
| Yearly salary | $116,478 | $158,637 |
| Hourly rate | $56.00 | $76.27 |
| Growth rate | 11% | 6% |
| Number of jobs | 143,753 | 119,530 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 44 | 52 |
| Years of experience | - | - |
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.
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
Principal consultants and vice presidents have different pay scales, as shown below.
| Principal Consultant | Vice President | |
| Average salary | $116,478 | $158,637 |
| Salary range | Between $90,000 And $150,000 | Between $107,000 And $235,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | New York |
| Best paying company | Pure Storage | Brookfield Properties |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a principal consultant and a vice president in terms of educational background:
| Principal Consultant | Vice President | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between principal consultants' and vice presidents' demographics:
| Principal Consultant | Vice President | |
| Average age | 44 | 52 |
| Gender ratio | Male, 75.8% Female, 24.2% | Male, 65.8% Female, 34.2% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |