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Investment counselor vs individual pension consultant

The differences between investment counselors and individual pension 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 an individual pension consultant. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for an individual pension consultant are financial issues, insurance products, and life insurance.

Investment counselor vs individual pension consultant overview

Investment CounselorIndividual Pension Consultant
Yearly salary$120,817$43,775
Hourly rate$58.09$21.05
Growth rate15%15%
Number of jobs33,0168,112
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 77%
Average age4545
Years of experience44

Investment counselor vs individual pension consultant salary

Investment counselors and individual pension consultants have different pay scales, as shown below.

Investment CounselorIndividual Pension Consultant
Average salary$120,817$43,775
Salary rangeBetween $68,000 And $213,000Between $26,000 And $73,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyCiti-
Best paying industryFinance-

Differences between investment counselor and individual pension consultant education

There are a few differences between an investment counselor and an individual pension consultant in terms of educational background:

Investment CounselorIndividual Pension Consultant
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Minnesota - Twin Cities

Investment counselor vs individual pension consultant demographics

Here are the differences between investment counselors' and individual pension consultants' demographics:

Investment CounselorIndividual Pension Consultant
Average age4545
Gender ratioMale, 74.0% Female, 26.0%Male, 59.8% Female, 40.2%
Race ratioBlack 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, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between investment counselor and individual pension consultant 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.

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Investment counselor vs individual pension consultant skills

Common investment counselor skills
  • Client Service, 13%
  • Capital Markets, 11%
  • Client Relationships, 10%
  • Securities, 10%
  • Wealth Management, 8%
  • Brokerage, 7%
Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%

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