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The differences between investment consultants 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 consultant, 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 $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 investments manager are private equity, due diligence, and real estate.
| Investment Consultant | Investments Manager | |
| Yearly salary | $109,300 | $116,102 |
| Hourly rate | $52.55 | $55.82 |
| Growth rate | 15% | 17% |
| Number of jobs | 48,111 | 42,946 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 71% |
| Average age | 45 | 46 |
| Years of experience | 4 | 8 |
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.
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 consultants and investments managers have different pay scales, as shown below.
| Investment Consultant | Investments Manager | |
| Average salary | $109,300 | $116,102 |
| Salary range | Between $60,000 And $196,000 | Between $68,000 And $198,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | Alaska |
| Best paying company | Bailey & Glasser | Netflix |
| Best paying industry | Finance | Finance |
There are a few differences between an investment consultant and an investments manager in terms of educational background:
| Investment Consultant | Investments Manager | |
| Most common degree | Bachelor's Degree, 77% | 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 consultants' and investments managers' demographics:
| Investment Consultant | Investments Manager | |
| Average age | 45 | 46 |
| Gender ratio | Male, 79.7% Female, 20.3% | Male, 65.5% Female, 34.5% |
| 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, 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% |