Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior finance consultants and 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 finance consultant and a management consultant. Additionally, a management consultant has an average salary of $99,360, which is higher than the $97,689 average annual salary of a senior finance consultant.
The top three skills for a senior finance consultant include financial analysis, project management and financial services. The most important skills for a management consultant are healthcare, project management, and portfolio.
| Senior Finance Consultant | Management Consultant | |
| Yearly salary | $97,689 | $99,360 |
| Hourly rate | $46.97 | $47.77 |
| Growth rate | 9% | 11% |
| Number of jobs | 112,032 | 153,045 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
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.
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
Senior finance consultants and management consultants have different pay scales, as shown below.
| Senior Finance Consultant | Management Consultant | |
| Average salary | $97,689 | $99,360 |
| Salary range | Between $68,000 And $138,000 | Between $72,000 And $136,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Dell | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between a senior finance consultant and a management consultant in terms of educational background:
| Senior Finance Consultant | Management Consultant | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior finance consultants' and management consultants' demographics:
| Senior Finance Consultant | Management Consultant | |
| Average age | 40 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | Male, 65.9% Female, 34.1% |
| Race ratio | 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% | Black or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |