Risk management consultant vs program management consultant

The differences between risk management consultants and program 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 program management consultant. Additionally, a program management consultant has an average salary of $101,157, 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 program management consultant are customer service, project management, and management program.

Risk management consultant vs program management consultant overview

	Risk Management Consultant	Program Management Consultant
Yearly salary	$91,520	$101,157
Hourly rate	$44.00	$48.63
Growth rate	11%	11%
Number of jobs	122,293	177,578
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 68%
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 program management consultant do?

A program management consultant is responsible for analyzing project requirements based on clients' specifications, developing quality improvement techniques, and reviewing project deliverables. Program management consultants work closely with the project team to identify project initiatives and resolve complexities that may arise. They also inspect the resources and materials to be utilized during the project and determine cost-reduction processes without compromising quality and efficiency. A program management consultant coordinates with the clients for progress updates and informs them of any plan adjustments as needed.

Risk management consultant vs program management consultant salary

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

	Risk Management Consultant	Program Management Consultant
Average salary	$91,520	$101,157
Salary range	Between $68,000 And $123,000	Between $74,000 And $137,000
Highest paying City	Jersey City, NJ	Washington, DC
Highest paying state	New Jersey	Maryland
Best paying company	Riskmetrics Group Holdings LLC	eBay
Best paying industry	Insurance	Technology

Differences between risk management consultant and program management consultant education

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

	Risk Management Consultant	Program Management Consultant
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Risk management consultant vs program management consultant demographics

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

	Risk Management Consultant	Program Management Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 60.6% Female, 39.4%
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, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 13.4% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and program 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.

Program management consultant example responsibilities.

Manage all aspects of budget, logistics, resources, facilitation, execution, reporting, and documentation.
Manage logistics for faculty, support staff and participants including travel, housing, site selection, and equipment needs.
Manage group SharePoint site as administrator\designer implementing InfoPath forms, macro designs, and maintenance.
Manage multiple software development tracts to successfully deploy business analytics functionality to multiple business owners and end-users at Microsoft.
Design architecture of business process in order to fully vet requirement needs.
Define document architecture and library structure, maintain security, and oversee day to day administration.

Risk management consultant vs program management consultant skills

Common risk management consultant skills

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

Common program management consultant skills

Customer Service, 9%
Project Management, 9%
Management Program, 7%
Healthcare, 7%
HR, 5%
Scrum, 4%

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Risk Management Consultant
Risk Management Consultant vs Program Management Consultant

Updated January 8, 2025

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