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The differences between finance consultants and 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 consultant and a consultant. Additionally, a consultant has an average salary of $78,912, which is higher than the $77,551 average annual salary of a finance consultant.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a consultant are customer service, strong analytical, and project management.
| Finance Consultant | Consultant | |
| Yearly salary | $77,551 | $78,912 |
| Hourly rate | $37.28 | $37.94 |
| Growth rate | 15% | 11% |
| Number of jobs | 94,259 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Average age | 45 | 44 |
| Years of experience | 4 | 4 |
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.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Finance consultants and consultants have different pay scales, as shown below.
| Finance Consultant | Consultant | |
| Average salary | $77,551 | $78,912 |
| Salary range | Between $54,000 And $110,000 | Between $58,000 And $107,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New Jersey |
| Best paying company | Apple | L.E.K. Consulting |
| Best paying industry | Technology | Technology |
There are a few differences between a finance consultant and a consultant in terms of educational background:
| Finance Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance consultants' and consultants' demographics:
| Finance Consultant | Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 58.4% Female, 41.6% |
| Race ratio | 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% | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 5% | 12% |