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The differences between risk management consultants and project 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 project consultant. Additionally, a risk management consultant has an average salary of $91,520, which is higher than the $86,654 average annual salary of a project consultant.
The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for a project consultant are customer service, project management, and client facing.
| Risk Management Consultant | Project Consultant | |
| Yearly salary | $91,520 | $86,654 |
| Hourly rate | $44.00 | $41.66 |
| Growth rate | 11% | 11% |
| Number of jobs | 122,293 | 113,013 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| 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.
A project consultant is responsible for communicating with the clients for their specific needs, develop strategic plans, and determine project resources to achieve their business goals and objectives. Project consultants are employed across various industries, offering their knowledge and expertise to facilitate clients' requests and propositions. They also collaborate with different development teams to discuss project parameters and analyze opportunities to improve plans and progress efficiency. A project consultant must have excellent communication and critical-thinking skills, responding to clients' inquiries and concerns, and providing recommendations to ensure successful project completion.
Risk management consultants and project consultants have different pay scales, as shown below.
| Risk Management Consultant | Project Consultant | |
| Average salary | $91,520 | $86,654 |
| Salary range | Between $68,000 And $123,000 | Between $59,000 And $126,000 |
| Highest paying City | Jersey City, NJ | Newark, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Riskmetrics Group Holdings LLC | Dell |
| Best paying industry | Insurance | - |
There are a few differences between a risk management consultant and a project consultant in terms of educational background:
| Risk Management Consultant | Project Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between risk management consultants' and project consultants' demographics:
| Risk Management Consultant | Project Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 66.1% Female, 33.9% | Male, 61.9% Female, 38.1% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |