Bank advisor vs finance advisor

The differences between bank advisors and finance advisors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank advisor and a finance advisor. Additionally, a bank advisor has an average salary of $90,014, which is higher than the $64,993 average annual salary of a finance advisor.

The top three skills for a bank advisor include financial services, CRM and client relationships. The most important skills for a finance advisor are team support, wealth management, and securities.

Bank advisor vs finance advisor overview

	Bank Advisor	Finance Advisor
Yearly salary	$90,014	$64,993
Hourly rate	$43.28	$31.25
Growth rate	15%	15%
Number of jobs	49,437	106,311
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 74%
Average age	45	45
Years of experience	4	4

Bank advisor vs finance advisor salary

Bank advisors and finance advisors have different pay scales, as shown below.

	Bank Advisor	Finance Advisor
Average salary	$90,014	$64,993
Salary range	Between $56,000 And $143,000	Between $34,000 And $121,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Enbridge
Best paying industry	-	Finance

Differences between bank advisor and finance advisor education

There are a few differences between a bank advisor and a finance advisor in terms of educational background:

	Bank Advisor	Finance Advisor
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 74%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Minnesota - Twin Cities

Bank advisor vs finance advisor demographics

Here are the differences between bank advisors' and finance advisors' demographics:

	Bank Advisor	Finance Advisor
Average age	45	45
Gender ratio	Male, 61.3% Female, 38.7%	Male, 72.3% Female, 27.7%
Race ratio	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%	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	5%	5%

Differences between bank advisor and finance advisor duties and responsibilities

Bank advisor example responsibilities.

Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
Carry out excellent profiling, cross-selling of all products, and explaining benefits to each client.
Utilize cross-selling techniques to sell the best product for each customer's needs.
Support banking and lending activity through leveraging securities to provide lending solutions for high net worth clients.
Analyze clients' securities portfolios to ensure diversification and margin ability for credit line/loan approval.
Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.

Finance advisor example responsibilities.

Manage all budget and forecast submissions into Hyperion.
Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Research eligibility and status of all Medicare and Medicaid patients.
Perform portfolio analysis using MorningStar workstation and complete cost basis research project.

Bank advisor vs finance advisor skills

Common bank advisor skills

Financial Services, 21%
CRM, 14%
Client Relationships, 13%
Cross-Selling, 6%
Financial Solutions, 5%
Bank Products, 4%

Common finance advisor skills

Team Support, 7%
Wealth Management, 7%
Securities, 6%
Strong Computer, 6%
Financial Services, 6%
Client Facing, 5%