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The differences between advisers and finance advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an adviser has an average salary of $75,787, which is higher than the $64,993 average annual salary of a finance advisor.
The top three skills for an adviser include java, provide technical assistance and workgroup. The most important skills for a finance advisor are team support, wealth management, and securities.
| Adviser | Finance Advisor | |
| Yearly salary | $75,787 | $64,993 |
| Hourly rate | $36.44 | $31.25 |
| Growth rate | 10% | 15% |
| Number of jobs | 11,373 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 74% |
| Average age | 42 | 45 |
| Years of experience | - | 4 |
An Adviser provides advice and guidance to help people make realistic choices about their education, training, and work. They can work in various locations, such as schools, colleges, and local authorities.
A Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes. Furthermore, it is also the duty of the Financial Advisor to research new investments that would be of great help to the client's assets.
Advisers and finance advisors have different pay scales, as shown below.
| Adviser | Finance Advisor | |
| Average salary | $75,787 | $64,993 |
| Salary range | Between $42,000 And $134,000 | Between $34,000 And $121,000 |
| Highest paying City | Hartford, CT | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Kirkland & Ellis | Enbridge |
| Best paying industry | Insurance | Finance |
There are a few differences between an adviser and a finance advisor in terms of educational background:
| Adviser | Finance Advisor | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between advisers' and finance advisors' demographics:
| Adviser | Finance Advisor | |
| Average age | 42 | 45 |
| Gender ratio | Male, 55.5% Female, 44.5% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 10.6% Unknown, 3.8% Hispanic or Latino, 14.2% Asian, 3.7% White, 67.0% American Indian and Alaska Native, 0.6% | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 5% |