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Finance assistance advisor vs investment counselor

The differences between finance assistance 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 finance assistance advisor and an investment counselor. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $79,349 average annual salary of a finance assistance advisor.

The top three skills for a finance assistance advisor include customer service, financial assistance and financial data. The most important skills for an investment counselor are client service, capital markets, and client relationships.

Finance assistance advisor vs investment counselor overview

Finance Assistance AdvisorInvestment Counselor
Yearly salary$79,349$120,817
Hourly rate$38.15$58.09
Growth rate15%15%
Number of jobs99,34133,016
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 78%
Average age4545
Years of experience44

Finance assistance advisor vs investment counselor salary

Finance assistance advisors and investment counselors have different pay scales, as shown below.

Finance Assistance AdvisorInvestment Counselor
Average salary$79,349$120,817
Salary rangeBetween $42,000 And $147,000Between $68,000 And $213,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Citi
Best paying industry-Finance

Differences between finance assistance advisor and investment counselor education

There are a few differences between a finance assistance advisor and an investment counselor in terms of educational background:

Finance Assistance AdvisorInvestment Counselor
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 78%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Minnesota - Twin Cities

Finance assistance advisor vs investment counselor demographics

Here are the differences between finance assistance advisors' and investment counselors' demographics:

Finance Assistance AdvisorInvestment Counselor
Average age4545
Gender ratioMale, 35.5% Female, 64.5%Male, 74.0% Female, 26.0%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% 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 Percentage5%5%

Differences between finance assistance advisor and investment counselor duties and responsibilities

Finance assistance advisor example responsibilities.

  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Conduct initial and ongoing meetings with prospects and clients profiling and developing comprehensive wealth management strategies.
  • Analyze and test derivative modeling and dynamic hedging methods.

Investment counselor example responsibilities.

  • Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
  • Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.
  • Monitor preparation of asset/liability management report.

Finance assistance advisor vs investment counselor skills

Common finance assistance advisor skills
  • Customer Service, 28%
  • Financial Assistance, 13%
  • Financial Data, 13%
  • Financial Aid Eligibility, 11%
  • Financial Aid, 10%
  • Client Service, 3%
Common investment counselor skills
  • Client Service, 13%
  • Capital Markets, 11%
  • Client Relationships, 10%
  • Securities, 10%
  • Wealth Management, 8%
  • Brokerage, 7%

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