Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between investment counselors and finance 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 finance advisor. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $64,993 average annual salary of a finance advisor.
The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for a finance advisor are team support, wealth management, and securities.
| Investment Counselor | Finance Advisor | |
| Yearly salary | $120,817 | $64,993 |
| Hourly rate | $58.09 | $31.25 |
| Growth rate | 15% | 15% |
| Number of jobs | 33,016 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 74% |
| Average age | 45 | 45 |
| Years of experience | 4 | 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.
A Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes. Furthermore, it is also the duty of the Financial Advisor to research new investments that would be of great help to the client's assets.
Investment counselors and finance advisors have different pay scales, as shown below.
| Investment Counselor | Finance Advisor | |
| Average salary | $120,817 | $64,993 |
| Salary range | Between $68,000 And $213,000 | Between $34,000 And $121,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Enbridge |
| Best paying industry | Finance | Finance |
There are a few differences between an investment counselor and a finance advisor in terms of educational background:
| Investment Counselor | Finance Advisor | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Minnesota - Twin Cities |
Here are the differences between investment counselors' and finance advisors' demographics:
| Investment Counselor | Finance Advisor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 72.3% Female, 27.7% |
| 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% |