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The differences between strategic consultants and business 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 strategic consultant and a business management consultant. Additionally, a business management consultant has an average salary of $107,407, which is higher than the $104,820 average annual salary of a strategic consultant.
The top three skills for a strategic consultant include project management, strategic sourcing and process improvement. The most important skills for a business management consultant are project management, client facing, and healthcare.
| Strategic Consultant | Business Management Consultant | |
| Yearly salary | $104,820 | $107,407 |
| Hourly rate | $50.39 | $51.64 |
| Growth rate | 11% | 11% |
| Number of jobs | 68,479 | 171,313 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A strategic consultant is responsible for assessing business management procedures and identifying opportunities to enhance project processes for business solutions and requirements. Strategic consultants develop services that would help the company increase revenues and profits by conducting data and statistical analysis and analyzing the current market trends. They also review quality control procedures to manage inconsistencies and establish techniques to maximize the staff's productivity and efficiency. A strategic consultant must have excellent communication and critical-thinking skills to support the business in achieving its long-term goals and objectives.
A business management consultant develops and recommends strategies to optimize the daily operations of businesses. They typically perform extensive research and analysis to identify new business and client opportunities, find ways to enhance resources, gather and analyze data, determine the strengths and weaknesses of current operations, and develop solutions against problem areas. They may also perform risk assessments and audits, assess the workforce performance, and evaluate the existing policies and regulations of the company, suggesting new ones as necessary.
Strategic consultants and business management consultants have different pay scales, as shown below.
| Strategic Consultant | Business Management Consultant | |
| Average salary | $104,820 | $107,407 |
| Salary range | Between $80,000 And $136,000 | Between $80,000 And $143,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Texas | Colorado |
| Best paying company | Applied Materials | |
| Best paying industry | Media | Internet |
There are a few differences between a strategic consultant and a business management consultant in terms of educational background:
| Strategic Consultant | Business Management Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategic consultants' and business management consultants' demographics:
| Strategic Consultant | Business Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 63.6% Female, 36.4% |
| Race ratio | Black or African American, 7.7% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 14.1% White, 64.8% American Indian and Alaska Native, 0.2% | Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.0% White, 65.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |