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The differences between investment counselors and finance consultants 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 consultant. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $77,551 average annual salary of a finance consultant.
The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for a finance consultant are customer service, financial services, and financial statements.
| Investment Counselor | Finance Consultant | |
| Yearly salary | $120,817 | $77,551 |
| Hourly rate | $58.09 | $37.28 |
| Growth rate | 15% | 15% |
| Number of jobs | 33,016 | 94,259 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| 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 finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.
Investment counselors and finance consultants have different pay scales, as shown below.
| Investment Counselor | Finance Consultant | |
| Average salary | $120,817 | $77,551 |
| Salary range | Between $68,000 And $213,000 | Between $54,000 And $110,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Apple |
| Best paying industry | Finance | Technology |
There are a few differences between an investment counselor and a finance consultant in terms of educational background:
| Investment Counselor | Finance Consultant | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between investment counselors' and finance consultants' demographics:
| Investment Counselor | Finance Consultant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 68.5% Female, 31.5% |
| 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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |