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Individual pension consultant vs investment consultant

The differences between individual pension consultants and investment consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an individual pension consultant and an investment consultant. Additionally, an investment consultant has an average salary of $109,300, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for an individual pension consultant include financial issues, insurance products and life insurance. The most important skills for an investment consultant are financial services, FINRA, and financial products.

Individual pension consultant vs investment consultant overview

Individual Pension ConsultantInvestment Consultant
Yearly salary$43,775$109,300
Hourly rate$21.05$52.55
Growth rate15%15%
Number of jobs8,11248,111
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 77%
Average age4545
Years of experience44

Individual pension consultant vs investment consultant salary

Individual pension consultants and investment consultants have different pay scales, as shown below.

Individual Pension ConsultantInvestment Consultant
Average salary$43,775$109,300
Salary rangeBetween $26,000 And $73,000Between $60,000 And $196,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Bailey & Glasser
Best paying industry-Finance

Differences between individual pension consultant and investment consultant education

There are a few differences between an individual pension consultant and an investment consultant in terms of educational background:

Individual Pension ConsultantInvestment Consultant
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Minnesota - Twin Cities

Individual pension consultant vs investment consultant demographics

Here are the differences between individual pension consultants' and investment consultants' demographics:

Individual Pension ConsultantInvestment Consultant
Average age4545
Gender ratioMale, 59.8% Female, 40.2%Male, 79.7% Female, 20.3%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.4% White, 71.9% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between individual pension consultant and investment consultant duties and responsibilities

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Investment consultant example responsibilities.

  • Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
  • Research securities to determine value by analyzing financial statements, corporate filings and earnings reports
  • Preform timely and accurate securities operational support functions, trade processing, settlement reporting.
  • Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.
  • Advance knowledge of annuities and interest rates.
  • Team leader for license bank employees in the selling of tax-defer annuities.
  • Show more

Individual pension consultant vs investment consultant skills

Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%
Common investment consultant skills
  • Financial Services, 12%
  • FINRA, 8%
  • Financial Products, 7%
  • Client Relationships, 5%
  • Investment Products, 4%
  • Client Satisfaction, 4%

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