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The differences between senior business consultants and senior finance 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 senior business consultant and a senior finance consultant. Additionally, a senior business consultant has an average salary of $105,184, which is higher than the $97,689 average annual salary of a senior finance consultant.
The top three skills for a senior business consultant include data analysis, healthcare and project management. The most important skills for a senior finance consultant are financial analysis, project management, and financial services.
| Senior Business Consultant | Senior Finance Consultant | |
| Yearly salary | $105,184 | $97,689 |
| Hourly rate | $50.57 | $46.97 |
| Growth rate | 11% | 9% |
| Number of jobs | 144,929 | 112,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A senior business consultant specializes in performing research and analysis to optimize business processes. Their responsibilities revolve around coordinating with different departments to gather necessary data, devising strategies to reduce cost, assess risks, and identify the strength and weaknesses of operations to recommend solutions. They may also train and mentor junior consultants, produce progress reports and presentations, and assist clients through calls and correspondence. Furthermore, as a consultant, it is essential to adhere to the company's policies and regulations, including its vision and mission.
A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Senior business consultants and senior finance consultants have different pay scales, as shown below.
| Senior Business Consultant | Senior Finance Consultant | |
| Average salary | $105,184 | $97,689 |
| Salary range | Between $81,000 And $136,000 | Between $68,000 And $138,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Anaplan | Dell |
| Best paying industry | Professional | Technology |
There are a few differences between a senior business consultant and a senior finance consultant in terms of educational background:
| Senior Business Consultant | Senior Finance Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between senior business consultants' and senior finance consultants' demographics:
| Senior Business Consultant | Senior Finance Consultant | |
| Average age | 44 | 40 |
| Gender ratio | Male, 69.2% Female, 30.8% | Male, 68.2% Female, 31.8% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |