Strategy consultant vs entrepreneur

The differences between strategy consultants and entrepreneurs can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a strategy consultant, becoming an entrepreneur takes usually requires 4-6 years. Additionally, a strategy consultant has an average salary of $115,244, which is higher than the $70,849 average annual salary of an entrepreneur.

The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for an entrepreneur are kids, web design, and product development.

Strategy consultant vs entrepreneur overview

	Strategy Consultant	Entrepreneur
Yearly salary	$115,244	$70,849
Hourly rate	$55.41	$34.06
Growth rate	11%	6%
Number of jobs	70,241	34,711
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 62%
Average age	44	44
Years of experience	4	6

What does a strategy consultant do?

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.

What does an entrepreneur do?

An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.

Strategy consultant vs entrepreneur salary

Strategy consultants and entrepreneurs have different pay scales, as shown below.

	Strategy Consultant	Entrepreneur
Average salary	$115,244	$70,849
Salary range	Between $87,000 And $151,000	Between $42,000 And $118,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	Alaska	New York
Best paying company	Mayo Clinic	General Catalyst
Best paying industry	Finance	Finance

Differences between strategy consultant and entrepreneur education

There are a few differences between a strategy consultant and an entrepreneur in terms of educational background:

	Strategy Consultant	Entrepreneur
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 62%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Strategy consultant vs entrepreneur demographics

Here are the differences between strategy consultants' and entrepreneurs' demographics:

	Strategy Consultant	Entrepreneur
Average age	44	44
Gender ratio	Male, 63.1% Female, 36.9%	Male, 58.5% Female, 41.5%
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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	12%	10%

Differences between strategy consultant and entrepreneur duties and responsibilities

Strategy consultant example responsibilities.

Lead project to ensure integration of CMS and other regulations (HIPAA etc . )
Achieve SOX compliance requirements across organization.
Manage the remediation process using SDLC methodology.
Develop and manage all front-of-house operations / logistics including guest control planning, security, celebrity appearances and executive presentations.
Develop and manage value-based pricing strategy that maximize profitability and marketability of limited-inventory advertising portfolio.
Provide business development and growth direction to technology focuse entrepreneurs and small businesses.

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Entrepreneur example responsibilities.

Create and manage Instagram pages for clients, which contributes to the increase in social media following.
Manage and find members of band; help create YouTube videos; write music and play guitar.
Start and manage this LLC dedicate to the seasonal retail and wholesale sale of consumer fireworks at multiple locations in Pennsylvania
Formulate strategy and lead resulting IP acquisition and development efforts.
Manage accounting, payroll, advertising, curriculum development, and business relationships.
Develop and maintain site features and landing pages, leveraging customize JavaScript and PHP modules/plugins.

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Strategy consultant vs entrepreneur skills

Common strategy consultant skills

Healthcare, 7%
Project Management, 6%
Develop Recommendations, 6%
Client Facing, 5%
Market Research, 5%
Business Development, 4%

Common entrepreneur skills

Kids, 51%
Web Design, 7%
Product Development, 5%
Business Plan, 4%
Financial Statements, 4%
Business Model, 2%

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Updated January 8, 2025

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