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The differences between finance executives and finance advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance executive, becoming a finance advisor takes usually requires 2-4 years. Additionally, a finance executive has an average salary of $110,830, which is higher than the $64,993 average annual salary of a finance advisor.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance advisor are team support, wealth management, and securities.
| Finance Executive | Finance Advisor | |
| Yearly salary | $110,830 | $64,993 |
| Hourly rate | $53.28 | $31.25 |
| Growth rate | 17% | 15% |
| Number of jobs | 137,400 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Average age | 46 | 45 |
| Years of experience | 8 | 4 |
Finance executives oversee an organization's money and profit. They are responsible for overseeing the income and expenses of the business' money transactions. These executives evaluate financial reports such as cash-flow statements, tax planning, and budgeting. Sometimes, finance executives manage a staff of finance clerks, hire new staff, and develop schedules. They work full-time in an office, but they also often work beyond regular business hours. As for qualifications, finance executives must have at least a bachelor's degree and a considerable length of work experience in the business field.
A Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes. Furthermore, it is also the duty of the Financial Advisor to research new investments that would be of great help to the client's assets.
Finance executives and finance advisors have different pay scales, as shown below.
| Finance Executive | Finance Advisor | |
| Average salary | $110,830 | $64,993 |
| Salary range | Between $68,000 And $178,000 | Between $34,000 And $121,000 |
| Highest paying City | West Babylon, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Enbridge |
| Best paying industry | Government | Finance |
There are a few differences between a finance executive and a finance advisor in terms of educational background:
| Finance Executive | Finance Advisor | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between finance executives' and finance advisors' demographics:
| Finance Executive | Finance Advisor | |
| Average age | 46 | 45 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3% | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 5% |