Risk management consultant vs senior management consultant

The differences between risk management consultants and senior 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 senior management consultant. Additionally, a senior management consultant has an average salary of $128,259, 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 management consultant are analytics, business process, and business development.

Risk management consultant vs senior management consultant overview

	Risk Management Consultant	Senior Management Consultant
Yearly salary	$91,520	$128,259
Hourly rate	$44.00	$61.66
Growth rate	11%	11%
Number of jobs	122,293	182,913
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 management consultant do?

A senior management consultant is an experienced professional who is in charge of a team of management consultants to help an organization solve issues, maximize growth, and improve business performance. Senior management consultants must conduct company research so that they can better understand the organization. They prepare business proposals and presentations as well as identify issues to form hypotheses and solutions. Senior management consultants must also implement recommendations or solutions and ensure that an organization receives the necessary assistance to carry it all out.

Risk management consultant vs senior management consultant salary

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

	Risk Management Consultant	Senior Management Consultant
Average salary	$91,520	$128,259
Salary range	Between $68,000 And $123,000	Between $90,000 And $181,000
Highest paying City	Jersey City, NJ	Jersey City, NJ
Highest paying state	New Jersey	New Jersey
Best paying company	Riskmetrics Group Holdings LLC	Reed Smith
Best paying industry	Insurance	Technology

Differences between risk management consultant and senior management consultant education

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

	Risk Management Consultant	Senior 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 senior management consultant demographics

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

	Risk Management Consultant	Senior Management Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 71.2% Female, 28.8%
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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and senior 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.

Senior management consultant example responsibilities.

Manage / provide oversight to critical Medicare and Medicaid projects, with focus in system consolidation and reporting.
Define and manage: roles & responsibilities, resource allocations, roadmap and project milestones, and operating guidelines.
Lead systems analysis for payroll and accounting batch processing applications.
Achieve significant improvements in business alignment, application innovation, world-class infrastructure technology, customer service and stakeholder value.
Develop business case, CBA, governance plan, policies & architecture for automation effort ;.
Ensure end-to-end alignment of PMO projects and programs to technology portfolio roadmap

Risk management consultant vs senior management consultant skills

Common risk management consultant skills

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

Common senior management consultant skills

Analytics, 10%
Business Process, 5%
Business Development, 5%
Project Management, 4%
Portfolio, 4%
Business Analysis, 4%

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Risk Management Consultant
Risk Management Consultant vs Senior Management Consultant

Updated January 8, 2025

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