Risk management consultant vs senior consultant

The differences between risk management consultants and senior 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 senior consultant. Additionally, a senior consultant has an average salary of $100,188, 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 senior consultant are healthcare, project management, and java.

Risk management consultant vs senior consultant overview

	Risk Management Consultant	Senior Consultant
Yearly salary	$91,520	$100,188
Hourly rate	$44.00	$48.17
Growth rate	11%	11%
Number of jobs	122,293	241,206
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 senior consultant do?

Senior consultants are individual contributors whose services are tapped by the organization for guidance on specific projects. They are experienced experts in a particular field that the company operates in or would like to have projects in. They are given primers on specific projects, and they comment on the feasibility of the undertaking. Once the task is deemed feasible, senior consultants act as guides throughout the project's planning and initial implementation stages. They provide their expert opinion to ensure the success of the project.

Risk management consultant vs senior consultant salary

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

	Risk Management Consultant	Senior Consultant
Average salary	$91,520	$100,188
Salary range	Between $68,000 And $123,000	Between $76,000 And $131,000
Highest paying City	Jersey City, NJ	Washington, DC
Highest paying state	New Jersey	New Jersey
Best paying company	Riskmetrics Group Holdings LLC	Conning
Best paying industry	Insurance	Finance

Differences between risk management consultant and senior consultant education

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

	Risk Management Consultant	Senior 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 senior consultant demographics

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

	Risk Management Consultant	Senior Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 69.9% Female, 30.1%
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, 8.4% Asian, 14.2% White, 65.3% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and senior 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.

Senior consultant example responsibilities.

Lead the execution of LSMW objects and ABAP programs for testing of provide data files.
Manage the application administration through Linux shell scripting.
Manage installation of software, train end-users on Medicare and Medicaid rules, regulations and third-party reimbursement methodologies.
Manage internal, external systems/application of healthcare software within assign areas from inception to successful implementation in private medical practices.
Experience in SDLC processes, and ability to manage application-relate projects from customer requirements definition to delivering application content solutions.
Manage technical infrastructure, application development, and other capital improvement projects for early stage Internet start-ups and non-profit organizations.

Risk management consultant vs senior consultant skills

Common risk management consultant skills

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

Common senior consultant skills

Healthcare, 8%
Project Management, 5%
Java, 4%
Architecture, 4%
SR, 4%
C++, 4%

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Risk Management Consultant
Risk Management Consultant vs Senior Consultant

Updated January 8, 2025

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