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The differences between finance consultants and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $61,666 average annual salary of a finance specialist.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a finance specialist are customer service, phone calls, and cash handling.
| Finance Consultant | Finance Specialist | |
| Yearly salary | $77,551 | $61,666 |
| Hourly rate | $37.28 | $29.65 |
| Growth rate | 15% | 10% |
| Number of jobs | 94,259 | 97,216 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Average age | 45 | 43 |
| Years of experience | 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.
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Finance consultants and finance specialists have different pay scales, as shown below.
| Finance Consultant | Finance Specialist | |
| Average salary | $77,551 | $61,666 |
| Salary range | Between $54,000 And $110,000 | Between $37,000 And $100,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Connecticut |
| Best paying company | Apple | |
| Best paying industry | Technology | Finance |
There are a few differences between a finance consultant and a finance specialist in terms of educational background:
| Finance Consultant | Finance Specialist | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance consultants' and finance specialists' demographics:
| Finance Consultant | Finance Specialist | |
| Average age | 45 | 43 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 42.1% Female, 57.9% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 5% | 4% |