Investment counselor vs bank advisor

The differences between investment counselors and bank advisors 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 counselor and a bank advisor. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $90,014 average annual salary of a bank advisor.

The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for a bank advisor are financial services, CRM, and client relationships.

Investment counselor vs bank advisor overview

	Investment Counselor	Bank Advisor
Yearly salary	$120,817	$90,014
Hourly rate	$58.09	$43.28
Growth rate	15%	15%
Number of jobs	33,016	49,437
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 64%
Average age	45	45
Years of experience	4	4

Investment counselor vs bank advisor salary

Investment counselors and bank advisors have different pay scales, as shown below.

	Investment Counselor	Bank Advisor
Average salary	$120,817	$90,014
Salary range	Between $68,000 And $213,000	Between $56,000 And $143,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Citi	-
Best paying industry	Finance	-

Differences between investment counselor and bank advisor education

There are a few differences between an investment counselor and a bank advisor in terms of educational background:

	Investment Counselor	Bank Advisor
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Minnesota - Twin Cities	University of Pennsylvania

Investment counselor vs bank advisor demographics

Here are the differences between investment counselors' and bank advisors' demographics:

	Investment Counselor	Bank Advisor
Average age	45	45
Gender ratio	Male, 74.0% Female, 26.0%	Male, 61.3% Female, 38.7%
Race ratio	Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.1% White, 72.5% 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%

Differences between investment counselor and bank advisor duties and responsibilities

Investment counselor example responsibilities.

Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.
Monitor preparation of asset/liability management report.

Bank advisor example responsibilities.

Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
Carry out excellent profiling, cross-selling of all products, and explaining benefits to each client.
Utilize cross-selling techniques to sell the best product for each customer's needs.
Support banking and lending activity through leveraging securities to provide lending solutions for high net worth clients.
Analyze clients' securities portfolios to ensure diversification and margin ability for credit line/loan approval.
Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.

Investment counselor vs bank advisor skills

Common investment counselor skills

Client Service, 13%
Capital Markets, 11%
Client Relationships, 10%
Securities, 10%
Wealth Management, 8%
Brokerage, 7%

Common bank advisor skills

Financial Services, 21%
CRM, 14%
Client Relationships, 13%
Cross-Selling, 6%
Financial Solutions, 5%
Bank Products, 4%