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The differences between senior advisors and business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a senior advisor include healthcare, project management and risk management. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Senior Advisor | Business Development Consultant | |
| Yearly salary | $119,558 | $85,153 |
| Hourly rate | $57.48 | $40.94 |
| Growth rate | 10% | 6% |
| Number of jobs | 45,673 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| 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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Senior advisors and business development consultants have different pay scales, as shown below.
| Senior Advisor | Business Development Consultant | |
| Average salary | $119,558 | $85,153 |
| Salary range | Between $87,000 And $162,000 | Between $52,000 And $137,000 |
| Highest paying City | Richmond, CA | Minneapolis, MN |
| Highest paying state | California | Pennsylvania |
| Best paying company | Kirkland & Ellis | Veeva Systems |
| Best paying industry | Professional | Media |
There are a few differences between a senior advisor and a business development consultant in terms of educational background:
| Senior Advisor | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior advisors' and business development consultants' demographics:
| Senior Advisor | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | Male, 64.1% Female, 35.9% |
| 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% |