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The differences between finance service specialists and finance sales 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 service specialist and a finance sales consultant. Additionally, a finance sales consultant has an average salary of $45,562, which is higher than the $40,415 average annual salary of a finance service specialist.
The top three skills for a finance service specialist include excellent interpersonal, mutual funds and customer service. The most important skills for a finance sales consultant are customer satisfaction, sales process, and financial services.
| Finance Service Specialist | Finance Sales Consultant | |
| Yearly salary | $40,415 | $45,562 |
| Hourly rate | $19.43 | $21.90 |
| Growth rate | 10% | 10% |
| Number of jobs | 131,509 | 101,031 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A financial service specialist is responsible for determining the clients' financial needs by assessing their account profiles and financial performance. Financial service specialists sell insurance services and other financial instruments based on clients' specifications and risk appetite. They also review stock trends and market stability to create financial forecasting and modify investment plans for the clients. A financial service specialist must have excellent communication and analytical skills, especially in discussing options to the clients to achieve their long-term goals and objectives.
A finance sales consultant helps sell financial products and services. They can work in various industries, such as home, automotive, or banking. They essentially assess their client's needs and provide financial solutions. There are a lot of skills needed to become a good finance sales consultant. However, great customer service and communication skills top the demand.
Finance service specialists and finance sales consultants have different pay scales, as shown below.
| Finance Service Specialist | Finance Sales Consultant | |
| Average salary | $40,415 | $45,562 |
| Salary range | Between $27,000 And $60,000 | Between $34,000 And $59,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Cravath | - |
| Best paying industry | Real Estate | - |
There are a few differences between a finance service specialist and a finance sales consultant in terms of educational background:
| Finance Service Specialist | Finance Sales Consultant | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance service specialists' and finance sales consultants' demographics:
| Finance Service Specialist | Finance Sales Consultant | |
| Average age | 43 | 43 |
| Gender ratio | Male, 36.4% Female, 63.6% | Male, 62.5% Female, 37.5% |
| Race ratio | Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.5% Asian, 10.1% White, 67.2% American Indian and Alaska Native, 0.2% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 10.2% White, 67.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |