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The differences between finance consultants and corporate finance analysts 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 corporate finance analyst. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $76,023 average annual salary of a corporate finance analyst.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Finance Consultant | Corporate Finance Analyst | |
| Yearly salary | $77,551 | $76,023 |
| Hourly rate | $37.28 | $36.55 |
| Growth rate | 15% | 9% |
| Number of jobs | 94,259 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Average age | 45 | 40 |
| 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.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Finance consultants and corporate finance analysts have different pay scales, as shown below.
| Finance Consultant | Corporate Finance Analyst | |
| Average salary | $77,551 | $76,023 |
| Salary range | Between $54,000 And $110,000 | Between $52,000 And $109,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Michigan |
| Best paying company | Apple | |
| Best paying industry | Technology | Finance |
There are a few differences between a finance consultant and a corporate finance analyst in terms of educational background:
| Finance Consultant | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance consultants' and corporate finance analysts' demographics:
| Finance Consultant | Corporate Finance Analyst | |
| Average age | 45 | 40 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 63.5% Female, 36.5% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 7% |