Senior management consultant vs senior finance consultant

The differences between senior management consultants and senior finance 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 finance consultant. Additionally, a senior management consultant has an average salary of $128,259, which is higher than the $97,689 average annual salary of a senior finance consultant.

The top three skills for a senior management consultant include analytics, business process and business development. The most important skills for a senior finance consultant are financial analysis, project management, and financial services.

Senior management consultant vs senior finance consultant overview

	Senior Management Consultant	Senior Finance Consultant
Yearly salary	$128,259	$97,689
Hourly rate	$61.66	$46.97
Growth rate	11%	9%
Number of jobs	182,913	112,032
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 71%
Average age	44	40
Years of experience	4	4

What does a senior management consultant do?

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.

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.

Senior management consultant vs senior finance consultant salary

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

	Senior Management Consultant	Senior Finance Consultant
Average salary	$128,259	$97,689
Salary range	Between $90,000 And $181,000	Between $68,000 And $138,000
Highest paying City	Jersey City, NJ	San Francisco, CA
Highest paying state	New Jersey	California
Best paying company	Reed Smith	Dell
Best paying industry	Technology	Technology

Differences between senior management consultant and senior finance consultant education

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

	Senior Management Consultant	Senior Finance Consultant
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Senior management consultant vs senior finance consultant demographics

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

	Senior Management Consultant	Senior Finance Consultant
Average age	44	40
Gender ratio	Male, 71.2% Female, 28.8%	Male, 68.2% Female, 31.8%
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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage	12%	7%

Differences between senior management consultant and senior finance consultant duties and responsibilities

Senior management consultant example responsibilities.

Manage / provide oversight to critical Medicare and Medicaid projects, with focus in system consolidation and reporting.
Define and manage: roles & responsibilities, resource allocations, roadmap and project milestones, and operating guidelines.
Lead systems analysis for payroll and accounting batch processing applications.
Achieve significant improvements in business alignment, application innovation, world-class infrastructure technology, customer service and stakeholder value.
Develop business case, CBA, governance plan, policies & architecture for automation effort ;.
Ensure end-to-end alignment of PMO projects and programs to technology portfolio roadmap

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.

Senior management consultant vs senior finance consultant skills

Common senior management consultant skills

Analytics, 10%
Business Process, 5%
Business Development, 5%
Project Management, 4%
Portfolio, 4%
Business Analysis, 4%

Common senior finance consultant skills

Financial Analysis, 7%
Project Management, 6%
Financial Services, 5%
Strong Analytical, 4%
Shared Services, 4%
Risk Management, 3%

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Senior Management Consultant vs Senior Finance Consultant

Updated January 8, 2025

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