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The differences between senior consultants, business development and senior management 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 consultant, business development and a senior management consultant. Additionally, a senior management consultant has an average salary of $128,259, 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 a senior management consultant are analytics, business process, and business development.
| Senior Consultant, Business Development | Senior Management Consultant | |
| Yearly salary | $104,556 | $128,259 |
| Hourly rate | $50.27 | $61.66 |
| Growth rate | 7% | 11% |
| Number of jobs | 124,778 | 182,913 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Average age | 45 | 44 |
| Years of experience | 4 | 4 |
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.
A senior management consultant is an experienced professional who is in charge of a team of management consultants to help an organization solve issues, maximize growth, and improve business performance. Senior management consultants must conduct company research so that they can better understand the organization. They prepare business proposals and presentations as well as identify issues to form hypotheses and solutions. Senior management consultants must also implement recommendations or solutions and ensure that an organization receives the necessary assistance to carry it all out.
Senior consultants, business development and senior management consultants have different pay scales, as shown below.
| Senior Consultant, Business Development | Senior Management Consultant | |
| Average salary | $104,556 | $128,259 |
| Salary range | Between $81,000 And $133,000 | Between $90,000 And $181,000 |
| Highest paying City | Burbank, CA | Jersey City, NJ |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Dell | Reed Smith |
| Best paying industry | Professional | Technology |
There are a few differences between a senior consultant, business development and a senior management consultant in terms of educational background:
| Senior Consultant, Business Development | Senior Management Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior consultants, business development' and senior management consultants' demographics:
| Senior Consultant, Business Development | Senior Management Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 71.2% Female, 28.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 12% |