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The differences between senior advisors and principal 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 $116,478 average annual salary of a principal consultant.
The top three skills for a senior advisor include healthcare, project management and risk management. The most important skills for a principal consultant are cloud, business development, and C #.
| Senior Advisor | Principal Consultant | |
| Yearly salary | $119,558 | $116,478 |
| Hourly rate | $57.48 | $56.00 |
| Growth rate | 10% | 11% |
| Number of jobs | 45,673 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 68% |
| 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.
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Senior advisors and principal consultants have different pay scales, as shown below.
| Senior Advisor | Principal Consultant | |
| Average salary | $119,558 | $116,478 |
| Salary range | Between $87,000 And $162,000 | Between $90,000 And $150,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | Kirkland & Ellis | Pure Storage |
| Best paying industry | Professional | Finance |
There are a few differences between a senior advisor and a principal consultant in terms of educational background:
| Senior Advisor | Principal Consultant | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior advisors' and principal consultants' demographics:
| Senior Advisor | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | Male, 75.8% Female, 24.2% |
| 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% |