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The differences between risk management consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a risk management consultant and a consultant. Additionally, a risk management consultant has an average salary of $91,520, which is higher than the $78,912 average annual salary of a consultant.
The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for a consultant are customer service, strong analytical, and project management.
| Risk Management Consultant | Consultant | |
| Yearly salary | $91,520 | $78,912 |
| Hourly rate | $44.00 | $37.94 |
| Growth rate | 11% | 11% |
| Number of jobs | 122,293 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A Risk Management Consultant is responsible for identifying potential risks that may affect the company's performance and strategize techniques to mitigate risks. Risk management consultants evaluate the operational processes and ensure adherence to business requirements and regulations. They also identify opportunities that would increase the company's brand image to the market and generate more revenue resources to improve profitability. A Risk Management Consultant facilitates training programs and activities for the employees and implements policies to prevent operational delays and process failures.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Risk management consultants and consultants have different pay scales, as shown below.
| Risk Management Consultant | Consultant | |
| Average salary | $91,520 | $78,912 |
| Salary range | Between $68,000 And $123,000 | Between $58,000 And $107,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Riskmetrics Group Holdings LLC | L.E.K. Consulting |
| Best paying industry | Insurance | Technology |
There are a few differences between a risk management consultant and a consultant in terms of educational background:
| Risk Management Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between risk management consultants' and consultants' demographics:
| Risk Management Consultant | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 66.1% Female, 33.9% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.2% | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |