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The differences between strategy 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 strategy consultant and a business management consultant. Additionally, a strategy consultant has an average salary of $115,244, which is higher than the $107,407 average annual salary of a business management consultant.
The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for a business management consultant are project management, client facing, and healthcare.
| Strategy Consultant | Business Management Consultant | |
| Yearly salary | $115,244 | $107,407 |
| Hourly rate | $55.41 | $51.64 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,241 | 171,313 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer. Typically, their responsibilities revolve around discussing business vision and goals with clients, assessing the workflow and the workforce of a company, observing competitors, identifying risks, and recommending strategies for profitable growth and customer satisfaction. Furthermore, as a strategy consultant, it is essential to adhere to the company's vision and mission throughout the process.
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.
Strategy consultants and business management consultants have different pay scales, as shown below.
| Strategy Consultant | Business Management Consultant | |
| Average salary | $115,244 | $107,407 |
| Salary range | Between $87,000 And $151,000 | Between $80,000 And $143,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Alaska | Colorado |
| Best paying company | Mayo Clinic | Applied Materials |
| Best paying industry | Finance | Internet |
There are a few differences between a strategy consultant and a business management consultant in terms of educational background:
| Strategy Consultant | Business Management Consultant | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategy consultants' and business management consultants' demographics:
| Strategy Consultant | Business Management Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 63.6% Female, 36.4% |
| Race ratio | Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% 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% |