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Senior finance consultant vs business consultant

The differences between senior finance consultants and business 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 finance consultant and a business consultant. Additionally, a senior finance consultant has an average salary of $97,689, which is higher than the $87,214 average annual salary of a business consultant.

The top three skills for a senior finance consultant include financial analysis, project management and financial services. The most important skills for a business consultant are data analysis, project management, and strong analytical.

Senior finance consultant vs business consultant overview

Senior Finance ConsultantBusiness Consultant
Yearly salary$97,689$87,214
Hourly rate$46.97$41.93
Growth rate9%11%
Number of jobs112,032128,033
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Average age4044
Years of experience44

What does a senior finance consultant do?

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.

What does a business consultant do?

A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.

Senior finance consultant vs business consultant salary

Senior finance consultants and business consultants have different pay scales, as shown below.

Senior Finance ConsultantBusiness Consultant
Average salary$97,689$87,214
Salary rangeBetween $68,000 And $138,000Between $64,000 And $117,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaAlaska
Best paying companyDellZS
Best paying industryTechnologyTechnology

Differences between senior finance consultant and business consultant education

There are a few differences between a senior finance consultant and a business consultant in terms of educational background:

Senior Finance ConsultantBusiness Consultant
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaNorthwestern University

Senior finance consultant vs business consultant demographics

Here are the differences between senior finance consultants' and business consultants' demographics:

Senior Finance ConsultantBusiness Consultant
Average age4044
Gender ratioMale, 68.2% Female, 31.8%Male, 62.8% Female, 37.2%
Race ratioBlack 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%Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.4% White, 65.1% American Indian and Alaska Native, 0.2%
LGBT Percentage7%12%

Differences between senior finance consultant and business consultant duties and responsibilities

Senior finance consultant example responsibilities.

  • Manage contractor responsible for building a customize Hyperion Essbase cube.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Review A/P & A/R aging with CFO weekly
  • Train employees on using the state PeopleSoft system for travel expense reimbursement.
  • Perform account adjustments, heavy reconciliation, as well as monthly closing of A/P, A/R and GL
  • Participate in cash management decisions and treasury functions.
  • Show more

Business consultant example responsibilities.

  • Partner with PMO and lead testing effort to ensure completeness of test data sets and to manage risk.
  • Manage requirements gathering, identify KPI s, and oversee design and architecture decisions.
  • Manage various SOX, HIPAA and PCI compliance projects from the planning stages to completion.
  • Apply the specific rules for HIPAA X12, Medicaid manage care requirements and industry best practices for transaction handling.
  • Manage external technology suppliers to assure functional operations and system architecture meet the business needs.
  • Perform successful UAT - good knowledge & experience in SDLC - SQL querying and data analysis.
  • Show more

Senior finance consultant vs business consultant skills

Common senior finance consultant skills
  • Financial Analysis, 7%
  • Project Management, 6%
  • Financial Services, 5%
  • Strong Analytical, 4%
  • Shared Services, 4%
  • Risk Management, 3%
Common business consultant skills
  • Data Analysis, 10%
  • Project Management, 9%
  • Strong Analytical, 8%
  • Analytics, 7%
  • Healthcare, 5%
  • Tableau, 5%

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