Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance associates and finance consultants 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 associate and a finance consultant. Additionally, a finance associate has an average salary of $81,339, which is higher than the $77,551 average annual salary of a finance consultant.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for a finance consultant are customer service, financial services, and financial statements.
| Finance Associate | Finance Consultant | |
| Yearly salary | $81,339 | $77,551 |
| Hourly rate | $39.11 | $37.28 |
| Growth rate | 10% | 15% |
| Number of jobs | 83,256 | 94,259 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 43 | 45 |
| Years of experience | 4 | 4 |
Finance associates perform various financial tasks for a company. These include managing accounting records, preparing payroll documents as well as financial and budget reports, and handling payments. Additionally, finance associates help with tax preparation, audits and reviews, and help with developing and implementing procedures, best practices, and policies for financial and accounting operations. The skills and qualifications for this role may include a bachelor's degree in finance or accounting, excellent communication skills, and attention to detail.
A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.
Finance associates and finance consultants have different pay scales, as shown below.
| Finance Associate | Finance Consultant | |
| Average salary | $81,339 | $77,551 |
| Salary range | Between $50,000 And $130,000 | Between $54,000 And $110,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Pillsbury Winthrop Shaw Pittman | Apple |
| Best paying industry | Professional | Technology |
There are a few differences between a finance associate and a finance consultant in terms of educational background:
| Finance Associate | Finance Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance associates' and finance consultants' demographics:
| Finance Associate | Finance Consultant | |
| Average age | 43 | 45 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 68.5% Female, 31.5% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 5% |