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The differences between finance advisors and fund accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance advisor and a fund accountant. Additionally, a finance advisor has an average salary of $64,993, which is higher than the $60,203 average annual salary of a fund accountant.
The top three skills for a finance advisor include team support, wealth management and securities. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Finance Advisor | Fund Accountant | |
| Yearly salary | $64,993 | $60,203 |
| Hourly rate | $31.25 | $28.94 |
| Growth rate | 15% | 6% |
| Number of jobs | 106,311 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 84% |
| Average age | 45 | 44 |
| Years of experience | 4 | 4 |
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.
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.
Finance advisors and fund accountants have different pay scales, as shown below.
| Finance Advisor | Fund Accountant | |
| Average salary | $64,993 | $60,203 |
| Salary range | Between $34,000 And $121,000 | Between $44,000 And $80,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Enbridge | Warburg Pincus |
| Best paying industry | Finance | Finance |
There are a few differences between a finance advisor and a fund accountant in terms of educational background:
| Finance Advisor | Fund Accountant | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 84% |
| Most common major | Business | Accounting |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between finance advisors' and fund accountants' demographics:
| Finance Advisor | Fund Accountant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 61.5% Female, 38.5% |
| 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, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 5% | 7% |