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The differences between senior consultants, business development and executive consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior consultant, business development, becoming an executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $104,556 average annual salary of a senior consultant, business development.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Senior Consultant, Business Development | Executive Consultant | |
| Yearly salary | $104,556 | $131,331 |
| Hourly rate | $50.27 | $63.14 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 45 | 39 |
| Years of experience | 4 | 10 |
Senior Business Development Consultants are responsible for recruiting independent financial advisors and helping advisors look for assets. Their value is determined through business consultations and understanding the workings of financial practice. Their experience should allow them to know how to recruit the best independent financial advisors and communicate with them. Senior Business Development Consultants are committed to a sound recruiting routine, persistency, and the ability to close deals using any communication channel.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Senior consultants, business development and executive consultants have different pay scales, as shown below.
| Senior Consultant, Business Development | Executive Consultant | |
| Average salary | $104,556 | $131,331 |
| Salary range | Between $81,000 And $133,000 | Between $90,000 And $190,000 |
| Highest paying City | Burbank, CA | South San Francisco, CA |
| Highest paying state | Alaska | Washington |
| Best paying company | Dell | Mayo Clinic |
| Best paying industry | Professional | Technology |
There are a few differences between a senior consultant, business development and an executive consultant in terms of educational background:
| Senior Consultant, Business Development | Executive Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between senior consultants, business development' and executive consultants' demographics:
| Senior Consultant, Business Development | Executive Consultant | |
| Average age | 45 | 39 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 67.2% Female, 32.8% |
| Race ratio | Black or African American, 11.2% Unknown, 5.4% Hispanic or Latino, 15.9% Asian, 4.1% White, 62.9% American Indian and Alaska Native, 0.5% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 10% |