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The differences between strategic 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 $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 principal consultant are cloud, business development, and C #.
| Strategic Consultant | Principal Consultant | |
| Yearly salary | $104,820 | $116,478 |
| Hourly rate | $50.39 | $56.00 |
| Growth rate | 11% | 11% |
| Number of jobs | 68,479 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 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 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.
Strategic consultants and principal consultants have different pay scales, as shown below.
| Strategic Consultant | Principal Consultant | |
| Average salary | $104,820 | $116,478 |
| Salary range | Between $80,000 And $136,000 | Between $90,000 And $150,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Texas | Oregon |
| Best paying company | Pure Storage | |
| Best paying industry | Media | Finance |
There are a few differences between a strategic consultant and a principal consultant in terms of educational background:
| Strategic Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between strategic consultants' and principal consultants' demographics:
| Strategic Consultant | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | Male, 75.8% Female, 24.2% |
| 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, 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 | 12% | 11% |