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The differences between finance executives and finance consultants 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 consultant takes usually requires 2-4 years. Additionally, a finance executive has an average salary of $110,830, which is higher than the $77,551 average annual salary of a finance consultant.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance consultant are customer service, financial services, and financial statements.
| Finance Executive | Finance Consultant | |
| Yearly salary | $110,830 | $77,551 |
| Hourly rate | $53.28 | $37.28 |
| Growth rate | 17% | 15% |
| Number of jobs | 137,400 | 94,259 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| 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 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.
Finance executives and finance consultants have different pay scales, as shown below.
| Finance Executive | Finance Consultant | |
| Average salary | $110,830 | $77,551 |
| Salary range | Between $68,000 And $178,000 | Between $54,000 And $110,000 |
| Highest paying City | West Babylon, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Apple |
| Best paying industry | Government | Technology |
There are a few differences between a finance executive and a finance consultant in terms of educational background:
| Finance Executive | Finance Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance executives' and finance consultants' demographics:
| Finance Executive | Finance Consultant | |
| Average age | 46 | 45 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 68.5% Female, 31.5% |
| 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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 5% |