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The differences between senior advisors and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior advisor has an average salary of $119,558, which is higher than the $96,469 average annual salary of a business advisor.
The top three skills for a senior advisor include healthcare, project management and risk management. The most important skills for a business advisor are customer service, project management, and business operations.
| Senior Advisor | Business Advisor | |
| Yearly salary | $119,558 | $96,469 |
| Hourly rate | $57.48 | $46.38 |
| Growth rate | 10% | 6% |
| Number of jobs | 45,673 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A senior advisor's responsibilities will vary on the type of industry where one is involved. However, most of it will revolve around sharing extensive expertise and knowledge that is vital in a company's decision-making processes. A senior advisor must also conduct research and analysis, inspect issues, implement policies, and devise strategies that will benefit the company. Furthermore, as a senior advisor, they may have the task of mentoring less experienced professionals in their joint effort to bring more profit and significant results to the company.
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
Senior advisors and business advisors have different pay scales, as shown below.
| Senior Advisor | Business Advisor | |
| Average salary | $119,558 | $96,469 |
| Salary range | Between $87,000 And $162,000 | Between $67,000 And $138,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | Kirkland & Ellis | Amazon |
| Best paying industry | Professional | Technology |
There are a few differences between a senior advisor and a business advisor in terms of educational background:
| Senior Advisor | Business Advisor | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior advisors' and business advisors' demographics:
| Senior Advisor | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | Male, 63.9% Female, 36.1% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 11% |