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The differences between strategy consultants and managers, strategy 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 a manager, strategy takes usually requires 8-10 years. Additionally, a strategy consultant has an average salary of $115,244, which is higher than the $109,831 average annual salary of a manager, strategy.
The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for a manager, strategy are project management, portfolio, and client facing.
| Strategy Consultant | Manager, Strategy | |
| Yearly salary | $115,244 | $109,831 |
| Hourly rate | $55.41 | $52.80 |
| Growth rate | 11% | 10% |
| Number of jobs | 70,241 | 148,326 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| 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.
A strategy manager is an individual who reviews a company's objectives for growth and works with executives to formulate actionable plans to achieve these objectives. To make comprehensive recommendations, strategy managers must conduct data analysis of the organization as well as the overall industry. They must provide assessments of market trends and identify business threats and opportunities. Strategy managers should also work with department heads to develop individual team goals and break them down into actionable steps for the employees to complete.
Strategy consultants and managers, strategy have different pay scales, as shown below.
| Strategy Consultant | Manager, Strategy | |
| Average salary | $115,244 | $109,831 |
| Salary range | Between $87,000 And $151,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Mayo Clinic | McKinsey & Company Inc |
| Best paying industry | Finance | Technology |
There are a few differences between a strategy consultant and a manager, strategy in terms of educational background:
| Strategy Consultant | Manager, Strategy | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between strategy consultants' and managers, strategy' demographics:
| Strategy Consultant | Manager, Strategy | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 64.7% Female, 35.3% |
| 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% |