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The differences between strategy consultants and small business 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 small business consultant. Additionally, a strategy consultant has an average salary of $115,244, which is higher than the $47,982 average annual salary of a small business consultant.
The top three skills for a strategy consultant include healthcare, project management and develop recommendations. The most important skills for a small business consultant are customer service, business clients, and outbound calls.
| Strategy Consultant | Small Business Consultant | |
| Yearly salary | $115,244 | $47,982 |
| Hourly rate | $55.41 | $23.07 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,241 | 116,476 |
| 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 small business consultant specializes in developing and recommending strategies to optimize the daily operations of small businesses. They typically meet with clients to identify their needs and preferences, determine their short and long-term goals, perform market research and analysis to find business or client opportunities, determine the strengths and weaknesses of current processes, and implement solutions against problem areas. They may also conduct risk assessments and help address issues and concerns, resolving them promptly and efficiently. Moreover, a small business consultant must devise a plan to implement the establishment's policies and regulations, suggesting new ones as needed.
Strategy consultants and small business consultants have different pay scales, as shown below.
| Strategy Consultant | Small Business Consultant | |
| Average salary | $115,244 | $47,982 |
| Salary range | Between $87,000 And $151,000 | Between $34,000 And $66,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Alaska | - |
| Best paying company | Mayo Clinic | - |
| Best paying industry | Finance | - |
There are a few differences between a strategy consultant and a small business consultant in terms of educational background:
| Strategy Consultant | Small Business 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 small business consultants' demographics:
| Strategy Consultant | Small Business Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 59.0% Female, 41.0% |
| 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, 8.8% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 9.7% White, 67.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |