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The differences between client associates and client advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a client associate, becoming a client advisor takes usually requires 2-4 years. Additionally, a client advisor has an average salary of $71,135, which is higher than the $45,992 average annual salary of a client associate.
The top three skills for a client associate include client service, wealth management and sales support. The most important skills for a client advisor are customer service, business development, and CRM.
| Client Associate | Client Advisor | |
| Yearly salary | $45,992 | $71,135 |
| Hourly rate | $22.11 | $34.20 |
| Growth rate | -4% | 15% |
| Number of jobs | 191,586 | 86,363 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Average age | 40 | 45 |
| Years of experience | 12 | 4 |
A client associate is an individual who builds a strong relationship with customers by providing support for their account needs and provides training if necessary. Client associates are required to communicate with their customers either on the phone, through email, or in person. They carry out administrative tasks for financial advisers, such as maintaining client account information and assisting with special projects. Client associates must also collect and analyze competitor data and client usage so that they create new business opportunities.
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.
Client associates and client advisors have different pay scales, as shown below.
| Client Associate | Client Advisor | |
| Average salary | $45,992 | $71,135 |
| Salary range | Between $28,000 And $74,000 | Between $40,000 And $123,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Arrowstreet Capital | BP America Inc |
| Best paying industry | Professional | - |
There are a few differences between a client associate and a client advisor in terms of educational background:
| Client Associate | Client Advisor | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | - | University of Minnesota - Twin Cities |
Here are the differences between client associates' and client advisors' demographics:
| Client Associate | Client Advisor | |
| Average age | 40 | 45 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 66.8% Female, 33.2% |
| Race ratio | Black or African American, 12.7% Unknown, 5.6% Hispanic or Latino, 19.9% Asian, 7.1% White, 54.0% American Indian and Alaska Native, 0.7% | 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% |
| LGBT Percentage | 7% | 5% |