Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business consultants 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 business consultant and a finance advisor. Additionally, a business consultant has an average salary of $87,214, which is higher than the $64,993 average annual salary of a finance advisor.
The top three skills for a business consultant include data analysis, project management and strong analytical. The most important skills for a finance advisor are team support, wealth management, and securities.
| Business Consultant | Finance Advisor | |
| Yearly salary | $87,214 | $64,993 |
| Hourly rate | $41.93 | $31.25 |
| Growth rate | 11% | 15% |
| Number of jobs | 128,033 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Average age | 44 | 45 |
| Years of experience | 4 | 4 |
A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.
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.
Business consultants and finance advisors have different pay scales, as shown below.
| Business Consultant | Finance Advisor | |
| Average salary | $87,214 | $64,993 |
| Salary range | Between $64,000 And $117,000 | Between $34,000 And $121,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | ZS | Enbridge |
| Best paying industry | Technology | Finance |
There are a few differences between a business consultant and a finance advisor in terms of educational background:
| Business Consultant | Finance Advisor | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Minnesota - Twin Cities |
Here are the differences between business consultants' and finance advisors' demographics:
| Business Consultant | Finance Advisor | |
| Average age | 44 | 45 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.4% White, 65.1% American Indian and Alaska Native, 0.2% | 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 | 12% | 5% |