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The differences between product consultants and business analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product consultant has an average salary of $93,452, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a product consultant include assists clients, product knowledge and drive sales. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Product Consultant | Business Analyst | |
| Yearly salary | $93,452 | $74,431 |
| Hourly rate | $44.93 | $35.78 |
| Growth rate | - | 9% |
| Number of jobs | 77,419 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Average age | 41 | 44 |
| Years of experience | - | 4 |
A product consultant is an individual who collaborates with client managers and project managers to analyze client requirements and provide optimal products. Product consultants are required to leverage industry and product knowledge to answer customer inquiries and provide customer consultations. To maintain excellent customer service, product consultants should maintain courtesy and professionalism as well as attentive to product details. They must also train new consultants on product knowledge and communicate sales strategies to the field agents of the company across the region.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Product consultants and business analysts have different pay scales, as shown below.
| Product Consultant | Business Analyst | |
| Average salary | $93,452 | $74,431 |
| Salary range | Between $67,000 And $129,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | California | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Technology | Finance |
There are a few differences between a product consultant and a business analyst in terms of educational background:
| Product Consultant | Business Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | - | Stanford University |
Here are the differences between product consultants' and business analysts' demographics:
| Product Consultant | Business Analyst | |
| Average age | 41 | 44 |
| Gender ratio | Male, 41.8% Female, 58.2% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 9.3% Unknown, 5.2% Hispanic or Latino, 20.4% Asian, 7.9% White, 56.6% American Indian and Alaska Native, 0.6% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 11% |