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The differences between risk management consultants and executive consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a risk management consultant, becoming an executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $91,520 average annual salary of a risk management consultant.
The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Risk Management Consultant | Executive Consultant | |
| Yearly salary | $91,520 | $131,331 |
| Hourly rate | $44.00 | $63.14 |
| Growth rate | 11% | 10% |
| Number of jobs | 122,293 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | 4 | 10 |
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.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Risk management consultants and executive consultants have different pay scales, as shown below.
| Risk Management Consultant | Executive Consultant | |
| Average salary | $91,520 | $131,331 |
| Salary range | Between $68,000 And $123,000 | Between $90,000 And $190,000 |
| Highest paying City | Jersey City, NJ | South San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Riskmetrics Group Holdings LLC | Mayo Clinic |
| Best paying industry | Insurance | Technology |
There are a few differences between a risk management consultant and an executive consultant in terms of educational background:
| Risk Management Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between risk management consultants' and executive consultants' demographics:
| Risk Management Consultant | Executive Consultant | |
| Average age | 44 | 39 |
| Gender ratio | Male, 66.1% Female, 33.9% | Male, 67.2% Female, 32.8% |
| 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, 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 | 12% | 10% |