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The differences between strategy consultants and research and development technicians 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 research and development technician. Additionally, a strategy consultant has an average salary of $115,244, which is higher than the $83,552 average annual salary of a research and development technician.
The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for a research and development technician are R, project management, and product management.
| Strategy Consultant | Research And Development Technician | |
| Yearly salary | $115,244 | $83,552 |
| Hourly rate | $55.41 | $40.17 |
| Growth rate | 11% | 9% |
| Number of jobs | 70,241 | 111,268 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 61% |
| Average age | 44 | 40 |
| 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 research and development technician specializes in performing mathematical and laboratory operations to support projects concerning products and development. Usually functioning as an assistant to a more experienced researcher, a research and development technician's responsibilities revolve around conducting analysis, building models and prototypes, producing reports, and performing various experiments. Furthermore, as a technician, it is crucial to coordinate with all team members, keeping an accurate record of all processes while adhering to the company's standards and regulations.
Strategy consultants and research and development technicians have different pay scales, as shown below.
| Strategy Consultant | Research And Development Technician | |
| Average salary | $115,244 | $83,552 |
| Salary range | Between $87,000 And $151,000 | Between $55,000 And $125,000 |
| Highest paying City | San Francisco, CA | Richmond, CA |
| Highest paying state | Alaska | Connecticut |
| Best paying company | Mayo Clinic | PayPal |
| Best paying industry | Finance | Technology |
There are a few differences between a strategy consultant and a research and development technician in terms of educational background:
| Strategy Consultant | Research And Development Technician | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Duke University |
Here are the differences between strategy consultants' and research and development technicians' demographics:
| Strategy Consultant | Research And Development Technician | |
| Average age | 44 | 40 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 72.5% Female, 27.5% |
| 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, 11.3% Unknown, 6.1% Hispanic or Latino, 14.2% Asian, 15.4% White, 50.6% American Indian and Alaska Native, 2.4% |
| LGBT Percentage | 12% | 6% |