Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between client advisors and investment counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a client advisor and an investment counselor. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $71,135 average annual salary of a client advisor.
The top three skills for a client advisor include customer service, business development and CRM. The most important skills for an investment counselor are client service, capital markets, and client relationships.
| Client Advisor | Investment Counselor | |
| Yearly salary | $71,135 | $120,817 |
| Hourly rate | $34.20 | $58.09 |
| Growth rate | 15% | 15% |
| Number of jobs | 86,363 | 33,016 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 78% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
A client advisor is responsible for managing and maintaining healthy business relationships with clients to achieve long-term business goals and objectives. Client advisors advise the senior management in building strategic techniques and identify business opportunities that would generate more revenue resources and increase the company's profits. They also monitor business and financial transactions and analyze client portfolios to determine their needs and interests, recommending plans and coordinating with the senior management to achieve the highest client satisfaction.
Investment counselors can be called financial planners. They usually work in a financial institution to communicate with clients on how to invest in an investment. An investment counselor often assesses the client's financial situation to come up with a financial plan. Sometimes, they are also responsible for conducting training and workshops for both clients and bank employees.
Client advisors and investment counselors have different pay scales, as shown below.
| Client Advisor | Investment Counselor | |
| Average salary | $71,135 | $120,817 |
| Salary range | Between $40,000 And $123,000 | Between $68,000 And $213,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | BP America Inc | Citi |
| Best paying industry | - | Finance |
There are a few differences between a client advisor and an investment counselor in terms of educational background:
| Client Advisor | Investment Counselor | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Minnesota - Twin Cities |
Here are the differences between client advisors' and investment counselors' demographics:
| Client Advisor | Investment Counselor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 66.8% Female, 33.2% | Male, 74.0% Female, 26.0% |
| Race ratio | Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.5% White, 71.9% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.1% White, 72.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |