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The differences between hedge fund managers and finance advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a hedge fund manager, becoming a finance advisor takes usually requires 2-4 years. Additionally, a hedge fund manager has an average salary of $135,399, which is higher than the $64,993 average annual salary of a finance advisor.
The top three skills for a hedge fund manager include hedge funds, derivative and private equity. The most important skills for a finance advisor are team support, wealth management, and securities.
| Hedge Fund Manager | Finance Advisor | |
| Yearly salary | $135,399 | $64,993 |
| Hourly rate | $65.10 | $31.25 |
| Growth rate | 10% | 15% |
| Number of jobs | 2,225 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 47 | 45 |
| Years of experience | 10 | 4 |
A hedge fund manager manages an investment pool, popularly called a hedge fund. This entails managing liquid assets that have been contributed by a limited number of investors who have met a certain net worth investment. They oversee this fund and make investment decisions for this fund, including running its daily affairs. Another part of their duty is to monitors stock markets and choose which assets to buy. They may also have to make money by using several investment techniques such as selling or leveraging.
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.
Hedge fund managers and finance advisors have different pay scales, as shown below.
| Hedge Fund Manager | Finance Advisor | |
| Average salary | $135,399 | $64,993 |
| Salary range | Between $70,000 And $261,000 | Between $34,000 And $121,000 |
| Highest paying City | Rochester, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Kforce | Enbridge |
| Best paying industry | Insurance | Finance |
There are a few differences between a hedge fund manager and a finance advisor in terms of educational background:
| Hedge Fund Manager | Finance Advisor | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between hedge fund managers' and finance advisors' demographics:
| Hedge Fund Manager | Finance Advisor | |
| Average age | 47 | 45 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.2% American Indian and Alaska Native, 0.7% | 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 | 10% | 5% |