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The differences between investment advisors and personal investment advisers 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 personal investment adviser. Additionally, a personal investment adviser has an average salary of $119,629, 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 a personal investment adviser are customer service, loan applications, and inbound calls.
| Investment Advisor | Personal Investment Adviser | |
| Yearly salary | $105,377 | $119,629 |
| Hourly rate | $50.66 | $57.51 |
| Growth rate | 15% | 15% |
| Number of jobs | 63,438 | 29,147 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
Investment advisors and personal investment advisers have different pay scales, as shown below.
| Investment Advisor | Personal Investment Adviser | |
| Average salary | $105,377 | $119,629 |
| Salary range | Between $60,000 And $184,000 | Between $74,000 And $192,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Telecommunication | - |
There are a few differences between an investment advisor and a personal investment adviser in terms of educational background:
| Investment Advisor | Personal Investment Adviser | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Minnesota - Twin Cities |
Here are the differences between investment advisors' and personal investment advisers' demographics:
| Investment Advisor | Personal Investment Adviser | |
| Average age | 45 | 45 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 48.5% Female, 51.5% |
| 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, 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 | 5% | 5% |