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The differences between investment consultants 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 consultant and a personal investment adviser. Additionally, a personal investment adviser has an average salary of $119,629, 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 a personal investment adviser are customer service, loan applications, and inbound calls.
| Investment Consultant | Personal Investment Adviser | |
| Yearly salary | $109,300 | $119,629 |
| Hourly rate | $52.55 | $57.51 |
| Growth rate | 15% | 15% |
| Number of jobs | 48,111 | 29,147 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 65% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
Investment consultants and personal investment advisers have different pay scales, as shown below.
| Investment Consultant | Personal Investment Adviser | |
| Average salary | $109,300 | $119,629 |
| Salary range | Between $60,000 And $196,000 | Between $74,000 And $192,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Bailey & Glasser | - |
| Best paying industry | Finance | - |
There are a few differences between an investment consultant and a personal investment adviser in terms of educational background:
| Investment Consultant | Personal Investment Adviser | |
| Most common degree | Bachelor's Degree, 77% | 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 consultants' and personal investment advisers' demographics:
| Investment Consultant | Personal Investment Adviser | |
| Average age | 45 | 45 |
| Gender ratio | Male, 79.7% Female, 20.3% | Male, 48.5% Female, 51.5% |
| 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, 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% |