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The differences between strategy consultants and executive consultants 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 executive consultant takes usually requires 8-10 years. Additionally, an executive consultant has an average salary of $131,331, which is higher than the $115,244 average annual salary of a strategy consultant.
The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for an executive consultant are healthcare, business development, and financial services.
| Strategy Consultant | Executive Consultant | |
| Yearly salary | $115,244 | $131,331 |
| Hourly rate | $55.41 | $63.14 |
| Growth rate | 11% | 10% |
| Number of jobs | 70,241 | 118,432 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 44 | 39 |
| Years of experience | 4 | 10 |
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.
An executive consultant gives support and guidance to the company's management team. Their duties may vary depending on each client's needs. Other companies hire consultants to solve a particular problem or assist with operations, employees, or strategic planning. They advise partner companies in business development opportunities to pursue financial goals and financial growth. They can also provide consulting services for non-profit organizations to act as an executive member.
Strategy consultants and executive consultants have different pay scales, as shown below.
| Strategy Consultant | Executive Consultant | |
| Average salary | $115,244 | $131,331 |
| Salary range | Between $87,000 And $151,000 | Between $90,000 And $190,000 |
| Highest paying City | San Francisco, CA | South San Francisco, CA |
| Highest paying state | Alaska | Washington |
| Best paying company | Mayo Clinic | Mayo Clinic |
| Best paying industry | Finance | Technology |
There are a few differences between a strategy consultant and an executive consultant in terms of educational background:
| Strategy Consultant | Executive Consultant | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between strategy consultants' and executive consultants' demographics:
| Strategy Consultant | Executive Consultant | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 67.2% Female, 32.8% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 10% |