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The differences between investment counselors and counselors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $36,225 average annual salary of a counselor.
The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for a counselor are patients, crisis intervention, and substance abuse.
| Investment Counselor | Counselor | |
| Yearly salary | $120,817 | $36,225 |
| Hourly rate | $58.09 | $17.42 |
| Growth rate | 15% | 10% |
| Number of jobs | 33,016 | 77,536 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 59% |
| Average age | 45 | 44 |
| Years of experience | 4 | - |
Investment counselors can be called financial planners. They usually work in a financial institution to communicate with clients on how to invest in an investment. An investment counselor often assesses the client's financial situation to come up with a financial plan. Sometimes, they are also responsible for conducting training and workshops for both clients and bank employees.
Often, counselors are known to be the go-to person in times we are in need of emotional and psychological support. They help people to manage and overcome the issues which affect their mental health and well-being. Counselors face different kind of situations which may involve trauma, addiction, disabilities, abuse, suicide, anger management, career, and even personal relationships. They provide care, counseling, rehabilitation, and support services. Every counseling requires collaborative effort both from the counselor and client to become effective.
Investment counselors and counselors have different pay scales, as shown below.
| Investment Counselor | Counselor | |
| Average salary | $120,817 | $36,225 |
| Salary range | Between $68,000 And $213,000 | Between $19,000 And $67,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | California |
| Best paying company | Citi | - |
| Best paying industry | Finance | Education |
There are a few differences between an investment counselor and a counselor in terms of educational background:
| Investment Counselor | Counselor | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 59% |
| Most common major | Business | Psychology |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between investment counselors' and counselors' demographics:
| Investment Counselor | Counselor | |
| Average age | 45 | 44 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 38.5% Female, 61.5% |
| 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, 15.6% Unknown, 5.1% Hispanic or Latino, 11.1% Asian, 3.5% White, 63.5% American Indian and Alaska Native, 1.2% |
| LGBT Percentage | 5% | 9% |