Economic adviser vs finance advisor

The differences between economic advisers and finance advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an economic adviser has an average salary of $76,957, which is higher than the $64,993 average annual salary of a finance advisor.

The top three skills for an economic adviser include economic analysis, economic development and financial institutions. The most important skills for a finance advisor are team support, wealth management, and securities.

Economic adviser vs finance advisor overview

	Economic Adviser	Finance Advisor
Yearly salary	$76,957	$64,993
Hourly rate	$37.00	$31.25
Growth rate	6%	15%
Number of jobs	11,974	106,311
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 74%
Average age	45	45
Years of experience	-	4

Economic adviser vs finance advisor salary

Economic advisers and finance advisors have different pay scales, as shown below.

	Economic Adviser	Finance Advisor
Average salary	$76,957	$64,993
Salary range	Between $40,000 And $145,000	Between $34,000 And $121,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Enbridge
Best paying industry	-	Finance

Differences between economic adviser and finance advisor education

There are a few differences between an economic adviser and a finance advisor in terms of educational background:

	Economic Adviser	Finance Advisor
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 74%
Most common major	Economics	Business
Most common college	Harvard University	University of Minnesota - Twin Cities

Economic adviser vs finance advisor demographics

Here are the differences between economic advisers' and finance advisors' demographics:

	Economic Adviser	Finance Advisor
Average age	45	45
Gender ratio	Male, 73.4% Female, 26.6%	Male, 72.3% Female, 27.7%
Race ratio	Black or African American, 6.3% Unknown, 5.6% Hispanic or Latino, 11.8% Asian, 10.7% White, 65.2% 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	8%	5%

Differences between economic adviser and finance advisor duties and responsibilities

Economic adviser example responsibilities.

Perform GIS inventory of city pedestrian infrastructure to achieve ADA compliance
Develop, specify, and test econometric models using time-series econometrics, panel-data econometrics, and limit dependent variable techniques.
Assist in planning and implementation of logistics automation initiatives relate to vehicle fleet management and repair parts management.

Finance advisor example responsibilities.

Manage all budget and forecast submissions into Hyperion.
Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Research eligibility and status of all Medicare and Medicaid patients.
Perform portfolio analysis using MorningStar workstation and complete cost basis research project.

Economic adviser vs finance advisor skills

Common economic adviser skills

Economic Analysis, 26%
Economic Development, 11%
Financial Institutions, 8%
Research Projects, 7%
Strategic Plan, 6%
Capacity Building, 6%

Common finance advisor skills

Team Support, 7%
Wealth Management, 7%
Securities, 6%
Strong Computer, 6%
Financial Services, 6%
Client Facing, 5%

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Economic Adviser
Economic Adviser vs Finance Advisor

Updated January 8, 2025

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