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The differences between finance consultants and senior 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 consultant and a senior finance consultant. Additionally, a senior finance consultant has an average salary of $97,689, 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 senior finance consultant are financial analysis, project management, and financial services.
| Finance Consultant | Senior Finance Consultant | |
| Yearly salary | $77,551 | $97,689 |
| Hourly rate | $37.28 | $46.97 |
| Growth rate | 15% | 9% |
| Number of jobs | 94,259 | 112,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| 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.
A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Finance consultants and senior finance consultants have different pay scales, as shown below.
| Finance Consultant | Senior Finance Consultant | |
| Average salary | $77,551 | $97,689 |
| Salary range | Between $54,000 And $110,000 | Between $68,000 And $138,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Apple | Dell |
| Best paying industry | Technology | Technology |
There are a few differences between a finance consultant and a senior finance consultant in terms of educational background:
| Finance Consultant | Senior Finance Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance consultants' and senior finance consultants' demographics:
| Finance Consultant | Senior Finance Consultant | |
| Average age | 45 | 40 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 68.2% Female, 31.8% |
| 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% |