Bank advisor vs finance consultant

The differences between bank advisors and finance 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 bank advisor and a finance consultant. Additionally, a bank advisor has an average salary of $90,014, which is higher than the $77,551 average annual salary of a finance consultant.

The top three skills for a bank advisor include financial services, CRM and client relationships. The most important skills for a finance consultant are customer service, financial services, and financial statements.

Bank advisor vs finance consultant overview

	Bank Advisor	Finance Consultant
Yearly salary	$90,014	$77,551
Hourly rate	$43.28	$37.28
Growth rate	15%	15%
Number of jobs	49,437	94,259
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 72%
Average age	45	45
Years of experience	4	4

Bank advisor vs finance consultant salary

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

	Bank Advisor	Finance Consultant
Average salary	$90,014	$77,551
Salary range	Between $56,000 And $143,000	Between $54,000 And $110,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Apple
Best paying industry	-	Technology

Differences between bank advisor and finance consultant education

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

	Bank Advisor	Finance Consultant
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Bank advisor vs finance consultant demographics

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

	Bank Advisor	Finance Consultant
Average age	45	45
Gender ratio	Male, 61.3% Female, 38.7%	Male, 68.5% Female, 31.5%
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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage	5%	5%

Differences between bank advisor and finance consultant 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 consultant example responsibilities.

Lead new hire training for FINRA test preparation and consultative sales model.
Manage client's portfolio to ensure proper taxation of gains/losses on exercise stock options.
Provide expert advice to clients to achieve their financial planning goals in conjunction with an independent RIA.
Lead and organize a weekly macro meeting with multi-asset strategists to discuss and challenge the team's positioning.
Focuse on separately manage accounts, mutual fund and ETF wrap programs, variable annuities, and alternative strategies.
Manage all employee relate matters, including stock options, benefits , 401K, payroll administration and human resources.

Bank advisor vs finance consultant skills

Common bank advisor skills

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

Common finance consultant skills

Customer Service, 14%
Financial Services, 10%
Financial Statements, 5%
CPA, 4%
Business Development, 4%
Wealth Management, 3%