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The differences between investment executives and investment advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an investment executive, becoming an investment advisor takes usually requires 2-4 years. Additionally, an investment executive has an average salary of $130,432, which is higher than the $105,377 average annual salary of an investment advisor.
The top three skills for an investment executive include develop strong relationships, comprehensive knowledge and financial products. The most important skills for an investment advisor are exceptional client, risk management, and client relationships.
| Investment Executive | Investment Advisor | |
| Yearly salary | $130,432 | $105,377 |
| Hourly rate | $62.71 | $50.66 |
| Growth rate | 6% | 15% |
| Number of jobs | 77,837 | 63,438 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 76% |
| Average age | 52 | 45 |
| Years of experience | - | 4 |
An investment executive is typically responsible for communicating with clients encourage them to invest in opportunities to make their business or company more profitable. An investment executive needs to be an influential adviser and supervisor. They have an objective for both the clients and the company, and they establish a long-term relationship by giving them investment options.
An investment advisor is responsible for managing the clients' financial portfolios, advising them of investment options according to their financial goals and objectives, and their ability to handle risks. Investment advisors should have excellent knowledge of the investment policies, providing the clients with the best financial strategies according to their interests. They also determine their expenses, income, and credit scores to identify a comprehensive financial plan. An investment advisor helps the clients with cash management techniques, as well as conducting data analysis on financial market projections.
Investment executives and investment advisors have different pay scales, as shown below.
| Investment Executive | Investment Advisor | |
| Average salary | $130,432 | $105,377 |
| Salary range | Between $74,000 And $228,000 | Between $60,000 And $184,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | Hawaii | New York |
| Best paying company | Allianz of America, Inc. | McKinsey & Company Inc |
| Best paying industry | Real Estate | Telecommunication |
There are a few differences between an investment executive and an investment advisor in terms of educational background:
| Investment Executive | Investment Advisor | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between investment executives' and investment advisors' demographics:
| Investment Executive | Investment Advisor | |
| Average age | 52 | 45 |
| Gender ratio | Male, 79.9% Female, 20.1% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.2% White, 72.3% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 5% |