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The differences between investment consultants and investment associates 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 consultant and an investment associate. Additionally, an investment associate has an average salary of $127,205, which is higher than the $109,300 average annual salary of an investment consultant.
The top three skills for an investment consultant include financial services, FINRA and financial products. The most important skills for an investment associate are powerpoint, customer service, and client service.
| Investment Consultant | Investment Associate | |
| Yearly salary | $109,300 | $127,205 |
| Hourly rate | $52.55 | $61.16 |
| Growth rate | 15% | 9% |
| Number of jobs | 48,111 | 39,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 79% |
| Average age | 45 | 40 |
| Years of experience | 4 | 4 |
An investment consultant is an individual who gives investment products, planning, and/or advice to investors. Investment consultants formulate investment strategies to help clients fulfill their necessities and realize their financial objectives. They create internal research documents that outline real estate investment opportunities and private equity. It is also part of their job to review strategies of asset management that recognize estate and income tax needs.
An investment associate's primary role is to review a company's financial data, recommend investment strategies, oversee the distribution of stocks, and calculate possible risks for business mergers. They also serve as a mediator during agreements between companies during takeovers, monitors stock inventory, sell stocks, and details all financial transactions. In the course of these responsibilities, an investment associate provides administrative support and timely response to client requests as needed, acting as an additional point of communication for clients.
Investment consultants and investment associates have different pay scales, as shown below.
| Investment Consultant | Investment Associate | |
| Average salary | $109,300 | $127,205 |
| Salary range | Between $60,000 And $196,000 | Between $72,000 And $222,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Bailey & Glasser | Brookfield Properties |
| Best paying industry | Finance | Technology |
There are a few differences between an investment consultant and an investment associate in terms of educational background:
| Investment Consultant | Investment Associate | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 79% |
| Most common major | Business | Finance |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between investment consultants' and investment associates' demographics:
| Investment Consultant | Investment Associate | |
| Average age | 45 | 40 |
| Gender ratio | Male, 79.7% Female, 20.3% | Male, 60.2% Female, 39.8% |
| Race ratio | 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% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 7% |