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The differences between finance consultants and tax consultants 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 $66,737 average annual salary of a tax consultant.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a tax consultant are CPA, tax planning, and tax issues.
| Finance Consultant | Tax Consultant | |
| Yearly salary | $77,551 | $66,737 |
| Hourly rate | $37.28 | $32.09 |
| Growth rate | 15% | 6% |
| Number of jobs | 94,259 | 39,379 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 63% |
| Average age | 45 | 47 |
| 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.
Tax consultants are experts in providing commercially centered tax advice and tax services to wide-ranging clients who function in all sectors of the economy. The work they do involves devising tax-efficient strategies for international and domestic-based clients in various business situations, including takeovers, company merges, and corporate reconstructions. They work continually to help clients ensure that the best business decisions are met. They also monitor and get ahead of possible changes concerning tax legislation and responding fast with guidance specific to their clients' tax requirements.
Finance consultants and tax consultants have different pay scales, as shown below.
| Finance Consultant | Tax Consultant | |
| Average salary | $77,551 | $66,737 |
| Salary range | Between $54,000 And $110,000 | Between $47,000 And $93,000 |
| Highest paying City | New York, NY | Hartford, CT |
| Highest paying state | New York | Rhode Island |
| Best paying company | Apple | Cargill |
| Best paying industry | Technology | Finance |
There are a few differences between a finance consultant and a tax consultant in terms of educational background:
| Finance Consultant | Tax Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 63% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance consultants' and tax consultants' demographics:
| Finance Consultant | Tax Consultant | |
| Average age | 45 | 47 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 52.7% Female, 47.3% |
| 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, 10.5% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 10.4% White, 57.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 5% | 8% |