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The differences between risk control consultants and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, which is higher than the $83,819 average annual salary of a risk control consultant.
The top three skills for a risk control consultant include loss control, workers compensation and commercial property. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Risk Control Consultant | Business Development Consultant | |
| Yearly salary | $83,819 | $85,153 |
| Hourly rate | $40.30 | $40.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 50,361 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
Typically working for insurance companies, a risk control consultant is in charge of performing assessments and inspections to ensure that operations and clients comply with the company's policies and regulations, including federal and state laws. Their responsibilities include gathering and analyzing data, participating in underwriting procedures, utilizing expertise in sharing insights and opinions, and implementing programs that promote loss control. Moreover, a risk control consultant must recommend risk management strategies while adhering to the company's vision and mission.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Risk control consultants and business development consultants have different pay scales, as shown below.
| Risk Control Consultant | Business Development Consultant | |
| Average salary | $83,819 | $85,153 |
| Salary range | Between $60,000 And $115,000 | Between $52,000 And $137,000 |
| Highest paying City | Jersey City, NJ | Minneapolis, MN |
| Highest paying state | Alaska | Pennsylvania |
| Best paying company | WEC Energy Group | Veeva Systems |
| Best paying industry | Insurance | Media |
There are a few differences between a risk control consultant and a business development consultant in terms of educational background:
| Risk Control Consultant | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | Western Carolina University |
Here are the differences between risk control consultants' and business development consultants' demographics:
| Risk Control Consultant | Business Development Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 64.1% Female, 35.9% |
| Race ratio | Black or African American, 9.5% Unknown, 6.2% Hispanic or Latino, 14.8% Asian, 5.8% White, 62.4% American Indian and Alaska Native, 1.2% | 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% |
| LGBT Percentage | 7% | 11% |