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The differences between product consultants and product managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product manager has an average salary of $111,729, which is higher than the $93,452 average annual salary of a product consultant.
The top three skills for a product consultant include assists clients, product knowledge and drive sales. The most important skills for a product manager are product management, QA, and product strategy.
| Product Consultant | Product Manager | |
| Yearly salary | $93,452 | $111,729 |
| Hourly rate | $44.93 | $53.72 |
| Growth rate | - | 10% |
| Number of jobs | 77,419 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Average age | 41 | 39 |
| Years of experience | - | 10 |
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.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Product consultants and product managers have different pay scales, as shown below.
| Product Consultant | Product Manager | |
| Average salary | $93,452 | $111,729 |
| Salary range | Between $67,000 And $129,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | |
| Best paying industry | Technology | Retail |
There are a few differences between a product consultant and a product manager in terms of educational background:
| Product Consultant | Product Manager | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | - | University of Georgia |
Here are the differences between product consultants' and product managers' demographics:
| Product Consultant | Product Manager | |
| Average age | 41 | 39 |
| Gender ratio | Male, 41.8% Female, 58.2% | Male, 65.3% Female, 34.7% |
| 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, 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 | 7% | 10% |