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The differences between investment advisors and finance management analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an investment advisor and a finance management analyst. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $71,934 average annual salary of a finance management analyst.
The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for a finance management analyst are financial management, financial issues, and management reports.
| Investment Advisor | Finance Management Analyst | |
| Yearly salary | $105,377 | $71,934 |
| Hourly rate | $50.66 | $34.58 |
| Growth rate | 15% | 11% |
| Number of jobs | 63,438 | 184,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Average age | 45 | 44 |
| Years of experience | 4 | 4 |
An investment advisor is responsible for managing the clients' financial portfolios, advising them of investment options according to their financial goals and objectives, and their ability to handle risks. Investment advisors should have excellent knowledge of the investment policies, providing the clients with the best financial strategies according to their interests. They also determine their expenses, income, and credit scores to identify a comprehensive financial plan. An investment advisor helps the clients with cash management techniques, as well as conducting data analysis on financial market projections.
A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.
Investment advisors and finance management analysts have different pay scales, as shown below.
| Investment Advisor | Finance Management Analyst | |
| Average salary | $105,377 | $71,934 |
| Salary range | Between $60,000 And $184,000 | Between $49,000 And $104,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | McKinsey & Company Inc | Apple |
| Best paying industry | Telecommunication | Government |
There are a few differences between an investment advisor and a finance management analyst in terms of educational background:
| Investment Advisor | Finance Management Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | Northwestern University |
Here are the differences between investment advisors' and finance management analysts' demographics:
| Investment Advisor | Finance Management Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 54.2% Female, 45.8% |
| Race ratio | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.2% White, 72.3% American Indian and Alaska Native, 0.1% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 5% | 12% |