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The differences between senior product consultants and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $108,908 average annual salary of a senior product consultant.
The top three skills for a senior product consultant include project management, healthcare and product development. The most important skills for a principal consultant are cloud, business development, and C #.
| Senior Product Consultant | Principal Consultant | |
| Yearly salary | $108,908 | $116,478 |
| Hourly rate | $52.36 | $56.00 |
| Growth rate | 10% | 11% |
| Number of jobs | 117,211 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
Senior product consultants analyze software and product objectives and customers' technical and business requirements to create an application design that meets the customers' requirements. They estimate the resources' quantity, quality, and time frames to complete various activities like developing a program incorporating each project variable. These professionals ensure the projects receive the appropriate company resources, allowing each project to get handled as per the plan. Senior product consultants also establish criteria relating to deliverables, maintenance, costs, design, and performance.
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Senior product consultants and principal consultants have different pay scales, as shown below.
| Senior Product Consultant | Principal Consultant | |
| Average salary | $108,908 | $116,478 |
| Salary range | Between $82,000 And $143,000 | Between $90,000 And $150,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | Moody's | Pure Storage |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior product consultant and a principal consultant in terms of educational background:
| Senior Product Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between senior product consultants' and principal consultants' demographics:
| Senior Product Consultant | Principal Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 75.8% Female, 24.2% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 10% | 11% |