Investment consultants are responsible for providing investors with the best financial advice. They work with clients to identify their unique investment goals and formulate investment strategies based on client goals. They also suggest investment products based on client needs. Investment consultants earn a median sum of $79,000 annually or $38 per hour.
Investment consultants are primarily tasked with providing sound financial guidance to clients and providing updates on investment performance and issues related to tax compliance. They also issue client documents relating to investment vehicles and products as well as building useful client and financial services networks to support business goals. Investment consultants need to possess outstanding interpersonal, sales, and speaking skills to succeed in the field.
Investment consultants typically hold a bachelor's degree in finance, accounting, economics, or other related disciplines. They have some years of experience in a finance position and expertise in tax financial regulations law. Some employers prefer candidates with license by the financial industry regulatory authority (FINRA).
There is more than meets the eye when it comes to being an investment consultant. For example, did you know that they make an average of $38.2 an hour? That's $79,449 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.
There are certain skills that many investment consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, sales skills and speaking skills.
When it comes to the most important skills required to be an investment consultant, we found that a lot of resumes listed 10.2% of investment consultants included investment products, while 9.4% of resumes included financial services, and 7.6% of resumes included financial goals. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the investment consultant job title. But what industry to start with? Most investment consultants actually find jobs in the finance and professional industries.
If you're interested in becoming an investment consultant, one of the first things to consider is how much education you need. We've determined that 56.1% of investment consultants have a bachelor's degree. In terms of higher education levels, we found that 30.5% of investment consultants have master's degrees. Even though most investment consultants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an investment consultant. When we researched the most common majors for an investment consultant, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on investment consultant resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an investment consultant. In fact, many investment consultant jobs require experience in a role such as finance advisor. Meanwhile, many investment consultants also have previous career experience in roles such as internship or finance consultant.