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The differences between investment advisors and investments managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an investment advisor, becoming an investments manager takes usually requires 6-8 years. Additionally, an investments manager has an average salary of $116,102, which is higher than the $105,377 average annual salary of an investment advisor.
The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for an investments manager are private equity, due diligence, and real estate.
| Investment Advisor | Investments Manager | |
| Yearly salary | $105,377 | $116,102 |
| Hourly rate | $50.66 | $55.82 |
| Growth rate | 15% | 17% |
| Number of jobs | 63,438 | 42,946 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Average age | 45 | 46 |
| Years of experience | 4 | 8 |
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.
The job of investment managers or fund managers is to help clients grow their money and achieve their financial and personal goals in life. Investment managers have a variety of responsibilities that often include handling all activities associated with managing client portfolios, monitoring performance measurement and transaction settlement, and determining the best strategy for investments. Also, you will be responsible for providing advice on investments and handling investments and investor decisions with discretion. As an investment manager, you are also expected to offer recommendations about investments.
Investment advisors and investments managers have different pay scales, as shown below.
| Investment Advisor | Investments Manager | |
| Average salary | $105,377 | $116,102 |
| Salary range | Between $60,000 And $184,000 | Between $68,000 And $198,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | Alaska |
| Best paying company | McKinsey & Company Inc | Netflix |
| Best paying industry | Telecommunication | Finance |
There are a few differences between an investment advisor and an investments manager in terms of educational background:
| Investment Advisor | Investments Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between investment advisors' and investments managers' demographics:
| Investment Advisor | Investments Manager | |
| Average age | 45 | 46 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 65.5% Female, 34.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 5% | 11% |