Risk management consultant vs implementation consultant

The differences between risk management consultants and implementation 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 an implementation consultant. Additionally, a risk management consultant has an average salary of $91,520, which is higher than the $80,195 average annual salary of an implementation consultant.

The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for an implementation consultant are technical support, customer service, and erp implementation.

Risk management consultant vs implementation consultant overview

	Risk Management Consultant	Implementation Consultant
Yearly salary	$91,520	$80,195
Hourly rate	$44.00	$38.56
Growth rate	11%	11%
Number of jobs	122,293	70,450
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 70%
Average age	44	44
Years of experience	4	4

What does a risk management consultant do?

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.

What does an implementation consultant do?

An implementation consultant is an individual who travels to various job sites to help clients with the installation of different software and hardware solutions. Implementation consultants must be knowledgeable of the software application so that they can conduct training sessions for internal and external customers. They develop system teaching aids such as training handbooks, demonstration models, and multimedia visual aids. Implementation consultants must also obtain technical certification, particularly on the specific software and hardware they install.

Risk management consultant vs implementation consultant salary

Risk management consultants and implementation consultants have different pay scales, as shown below.

	Risk Management Consultant	Implementation Consultant
Average salary	$91,520	$80,195
Salary range	Between $68,000 And $123,000	Between $59,000 And $108,000
Highest paying City	Jersey City, NJ	Washington, DC
Highest paying state	New Jersey	New York
Best paying company	Riskmetrics Group Holdings LLC	McKinsey & Company Inc
Best paying industry	Insurance	Pharmaceutical

Differences between risk management consultant and implementation consultant education

There are a few differences between a risk management consultant and an implementation consultant in terms of educational background:

	Risk Management Consultant	Implementation Consultant
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 70%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Risk management consultant vs implementation consultant demographics

Here are the differences between risk management consultants' and implementation consultants' demographics:

	Risk Management Consultant	Implementation Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 53.8% Female, 46.2%
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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.5% White, 65.3% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and implementation consultant duties and responsibilities

Risk management consultant example responsibilities.

Lead clients in establishing information security policies and procedures to establish SOX compliance.
Analyze and manage implementation of operational and organizational structures and technology architectures in addition to ERP package selection.
Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Conduct data-mining training sessions using SAS for managers and support personnel at major financial institutions.
Correct audit deficiencies to be GAAP compliant.
Develop accurate and reliable financial reports that comply with GAAP.

Implementation consultant example responsibilities.

Facilitate teams, working directly with healthcare materials managers and executives to achieve non-salary expense reduction.
Utilize extensive payroll and human resource knowledge to coordinate and manage multiple complex implementation projects simultaneously.
Leverage industry experience, negotiation skills and communication competency to engage stakeholders to accomplish a trading system upgrade and database conversion.
Design and written custom reports and product reports using SQL and iReport report designer.
Create and deliver virtual training programs to be deliver via webinar using WebEx technology.
Prioritize user feedback and issues after UAT.

Risk management consultant vs implementation consultant skills

Common risk management consultant skills

Project Management, 9%
Infrastructure, 8%
Risk Assessments, 6%
NIST, 5%
Internal Controls, 5%
Healthcare, 5%

Common implementation consultant skills

Technical Support, 11%
Customer Service, 5%
Erp Implementation, 4%
Implementation Process, 4%
Client Facing, 4%
Project Management, 4%

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Risk Management Consultant
Risk Management Consultant vs Implementation Consultant

Updated January 8, 2025

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