Risk management consultant vs management consultant

The differences between risk management consultants and management 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 management consultant. Additionally, a management consultant has an average salary of $99,360, 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 a management consultant are healthcare, project management, and portfolio.

Risk management consultant vs management consultant overview

	Risk Management Consultant	Management Consultant
Yearly salary	$91,520	$99,360
Hourly rate	$44.00	$47.77
Growth rate	11%	11%
Number of jobs	122,293	153,045
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 67%
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 a management consultant do?

A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.

Risk management consultant vs management consultant salary

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

	Risk Management Consultant	Management Consultant
Average salary	$91,520	$99,360
Salary range	Between $68,000 And $123,000	Between $72,000 And $136,000
Highest paying City	Jersey City, NJ	Jersey City, NJ
Highest paying state	New Jersey	New Jersey
Best paying company	Riskmetrics Group Holdings LLC	Apple
Best paying industry	Insurance	Technology

Differences between risk management consultant and management consultant education

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

	Risk Management Consultant	Management Consultant
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Risk management consultant vs management consultant demographics

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

	Risk Management Consultant	Management Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 65.9% Female, 34.1%
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, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and management 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.

Management consultant example responsibilities.

Streamline and program manage operations for end-to-end creation of all assets using Smartsheet.
Lead daily agile scrum meetings towards the end of the development phase of the project.
Monitor and control project schedule for SaaS product to achieve project deliveries in at least 95th percentile.
Lead teams in implementation of value map streaming, ISO 9000 and waste reduction in manufacturing process.
Manage functional design team activities using baseline scope document information and develop process standards in line with SDLC methodologies.
Develop light-weight (fast) proprietary cloud-base licensing engine and UI to manage and track end user subscription licenses.

Risk management consultant vs management consultant skills

Common risk management consultant skills

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

Common management consultant skills

Healthcare, 9%
Project Management, 7%
Portfolio, 6%
Business Process, 5%
Business Strategy, 5%
Business Development, 4%

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Risk Management Consultant
Risk Management Consultant vs Management Consultant

Updated January 8, 2025

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