Bank advisor vs finance planner

The differences between bank advisors and finance planners 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 planner. Additionally, a bank advisor has an average salary of $90,014, which is higher than the $71,607 average annual salary of a finance planner.

The top three skills for a bank advisor include financial services, CRM and client relationships. The most important skills for a finance planner are financial aid, financial services, and client facing.

Bank advisor vs finance planner overview

	Bank Advisor	Finance Planner
Yearly salary	$90,014	$71,607
Hourly rate	$43.28	$34.43
Growth rate	15%	15%
Number of jobs	49,437	91,557
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 73%
Average age	45	45
Years of experience	4	4

Bank advisor vs finance planner salary

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

	Bank Advisor	Finance Planner
Average salary	$90,014	$71,607
Salary range	Between $56,000 And $143,000	Between $42,000 And $120,000
Highest paying City	-	Springfield, MA
Highest paying state	-	Massachusetts
Best paying company	-	Northern Trust
Best paying industry	-	Insurance

Differences between bank advisor and finance planner education

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

	Bank Advisor	Finance Planner
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Bank advisor vs finance planner demographics

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

	Bank Advisor	Finance Planner
Average age	45	45
Gender ratio	Male, 61.3% Female, 38.7%	Male, 62.0% Female, 38.0%
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, 8.4% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage	5%	5%

Differences between bank advisor and finance planner 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 planner example responsibilities.

Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Represent a large brokerage firm for products and services through direct sales.
Educate clients in tax implications for products that include mutual funds, securities, and retirement plans.
Redesign the existing report from a value-base manual effort to a Hyperion driven report, vastly improving both efficiency and accuracy.
Gain additional responsibility as a season FSR.

Bank advisor vs finance planner skills

Common bank advisor skills

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

Common finance planner skills

Financial Aid, 21%
Financial Services, 9%
Client Facing, 8%
Retirement Planning, 7%
Estate Planning, 6%
Life Insurance, 6%