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The differences between senior management consultants and senior 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 management consultant and a senior business consultant. Additionally, a senior management consultant has an average salary of $128,259, which is higher than the $105,184 average annual salary of a senior business consultant.
The top three skills for a senior management consultant include analytics, business process and business development. The most important skills for a senior business consultant are data analysis, healthcare, and project management.
| Senior Management Consultant | Senior Business Consultant | |
| Yearly salary | $128,259 | $105,184 |
| Hourly rate | $61.66 | $50.57 |
| Growth rate | 11% | 11% |
| Number of jobs | 182,913 | 144,929 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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.
Senior management consultants and senior business consultants have different pay scales, as shown below.
| Senior Management Consultant | Senior Business Consultant | |
| Average salary | $128,259 | $105,184 |
| Salary range | Between $90,000 And $181,000 | Between $81,000 And $136,000 |
| Highest paying City | Jersey City, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Reed Smith | Anaplan |
| Best paying industry | Technology | Professional |
There are a few differences between a senior management consultant and a senior business consultant in terms of educational background:
| Senior Management Consultant | Senior Business Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior management consultants' and senior business consultants' demographics:
| Senior Management Consultant | Senior Business Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 71.2% Female, 28.8% | Male, 69.2% Female, 30.8% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 12% | 12% |