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The differences between membership advisors and investment advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $25,723 average annual salary of a membership advisor.
The top three skills for a membership advisor include telephone inquiries, sales system and referral program. The most important skills for an investment advisor are exceptional client, risk management, and client relationships.
| Membership Advisor | Investment Advisor | |
| Yearly salary | $25,723 | $105,377 |
| Hourly rate | $12.37 | $50.66 |
| Growth rate | -4% | 15% |
| Number of jobs | 40,219 | 63,438 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Average age | 44 | 45 |
| Years of experience | - | 4 |
A membership advisor ensures customers receive exceptional customer support and service via email communication, online communication, and telephone communication. Besides processing paper, telephone, and online registration, membership advisors also ensure customers get technical support. They ensure customer questions get dealt with on time and exceptionally. These professionals generate the required new sales leads, start outbound calls to customers, and attend and participate in team and staff training meetings. Other duties performed by membership advisors include promoting and selling services or products to customers.
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.
Membership advisors and investment advisors have different pay scales, as shown below.
| Membership Advisor | Investment Advisor | |
| Average salary | $25,723 | $105,377 |
| Salary range | Between $17,000 And $38,000 | Between $60,000 And $184,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | McKinsey & Company Inc |
| Best paying industry | - | Telecommunication |
There are a few differences between a membership advisor and an investment advisor in terms of educational background:
| Membership Advisor | Investment Advisor | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | - | University of Minnesota - Twin Cities |
Here are the differences between membership advisors' and investment advisors' demographics:
| Membership Advisor | Investment Advisor | |
| Average age | 44 | 45 |
| Gender ratio | Male, 51.2% Female, 48.8% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 16.3% Asian, 5.6% White, 67.0% American Indian and Alaska Native, 0.4% | 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 | 5% | 5% |