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The differences between investment officers and investment consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an investment officer, becoming an investment consultant takes usually requires 2-4 years. Additionally, an investment officer has an average salary of $126,952, which is higher than the $109,300 average annual salary of an investment consultant.
The top three skills for an investment officer include portfolio management, asset allocation and risk management. The most important skills for an investment consultant are financial services, FINRA, and financial products.
| Investment Officer | Investment Consultant | |
| Yearly salary | $126,952 | $109,300 |
| Hourly rate | $61.03 | $52.55 |
| Growth rate | 17% | 15% |
| Number of jobs | 63,096 | 48,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 77% |
| Average age | 46 | 45 |
| Years of experience | 8 | 4 |
Investment officers determine possible opportunities for businesses and investments that can promote the interest of a company. They are usually responsible for managing and marketing different financial programs, handling money transactions, and providing partnership with clients. Also, they manage the financial investment and approval process. This position typically requires a master's degree in business administration.
An investment consultant is an individual who gives investment products, planning, and/or advice to investors. Investment consultants formulate investment strategies to help clients fulfill their necessities and realize their financial objectives. They create internal research documents that outline real estate investment opportunities and private equity. It is also part of their job to review strategies of asset management that recognize estate and income tax needs.
Investment officers and investment consultants have different pay scales, as shown below.
| Investment Officer | Investment Consultant | |
| Average salary | $126,952 | $109,300 |
| Salary range | Between $69,000 And $232,000 | Between $60,000 And $196,000 |
| Highest paying City | Albany, NY | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Matthews International | Bailey & Glasser |
| Best paying industry | Finance | Finance |
There are a few differences between an investment officer and an investment consultant in terms of educational background:
| Investment Officer | Investment Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 77% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between investment officers' and investment consultants' demographics:
| Investment Officer | Investment Consultant | |
| Average age | 46 | 45 |
| Gender ratio | Male, 76.7% Female, 23.3% | Male, 79.7% Female, 20.3% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.4% White, 71.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 5% |