Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance consultants and investment 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 an investment consultant. Additionally, an investment consultant has an average salary of $109,300, 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 an investment consultant are financial services, FINRA, and financial products.
| Finance Consultant | Investment Consultant | |
| Yearly salary | $77,551 | $109,300 |
| Hourly rate | $37.28 | $52.55 |
| Growth rate | 15% | 15% |
| Number of jobs | 94,259 | 48,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Average age | 45 | 45 |
| 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.
An investment consultant is an individual who gives investment products, planning, and/or advice to investors. Investment consultants formulate investment strategies to help clients fulfill their necessities and realize their financial objectives. They create internal research documents that outline real estate investment opportunities and private equity. It is also part of their job to review strategies of asset management that recognize estate and income tax needs.
Finance consultants and investment consultants have different pay scales, as shown below.
| Finance Consultant | Investment Consultant | |
| Average salary | $77,551 | $109,300 |
| Salary range | Between $54,000 And $110,000 | Between $60,000 And $196,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Bailey & Glasser |
| Best paying industry | Technology | Finance |
There are a few differences between a finance consultant and an investment consultant in terms of educational background:
| Finance Consultant | Investment Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between finance consultants' and investment consultants' demographics:
| Finance Consultant | Investment Consultant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 79.7% Female, 20.3% |
| 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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.4% White, 71.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |