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Personal investment adviser vs bank advisor

The differences between personal investment advisers and bank advisors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a personal investment adviser and a bank advisor. Additionally, a personal investment adviser has an average salary of $119,629, which is higher than the $90,014 average annual salary of a bank advisor.

The top three skills for a personal investment adviser include customer service, loan applications and inbound calls. The most important skills for a bank advisor are financial services, CRM, and client relationships.

Personal investment adviser vs bank advisor overview

Personal Investment AdviserBank Advisor
Yearly salary$119,629$90,014
Hourly rate$57.51$43.28
Growth rate15%15%
Number of jobs29,14749,437
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 64%
Average age4545
Years of experience44

Personal investment adviser vs bank advisor salary

Personal investment advisers and bank advisors have different pay scales, as shown below.

Personal Investment AdviserBank Advisor
Average salary$119,629$90,014
Salary rangeBetween $74,000 And $192,000Between $56,000 And $143,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between personal investment adviser and bank advisor education

There are a few differences between a personal investment adviser and a bank advisor in terms of educational background:

Personal Investment AdviserBank Advisor
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Personal investment adviser vs bank advisor demographics

Here are the differences between personal investment advisers' and bank advisors' demographics:

Personal Investment AdviserBank Advisor
Average age4545
Gender ratioMale, 48.5% Female, 51.5%Male, 61.3% Female, 38.7%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between personal investment adviser and bank advisor duties and responsibilities

Personal investment adviser example responsibilities.

  • Create and manage investment securities portfolios optimize to address each client's specific needs using establish asset allocation principles.
  • Create and manage investment securities portfolios optimize to address each client's specific needs using establish asset allocation principles.
  • Assist in planning and implementation of logistics automation initiatives relate to vehicle fleet management and repair parts management.

Bank advisor example responsibilities.

  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Carry out excellent profiling, cross-selling of all products, and explaining benefits to each client.
  • Utilize cross-selling techniques to sell the best product for each customer's needs.
  • Support banking and lending activity through leveraging securities to provide lending solutions for high net worth clients.
  • Analyze clients' securities portfolios to ensure diversification and margin ability for credit line/loan approval.
  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Show more

Personal investment adviser vs bank advisor skills

Common personal investment adviser skills
  • Customer Service, 33%
  • Loan Applications, 29%
  • Inbound Calls, 7%
  • Product Knowledge, 4%
  • Outbound Calls, 4%
  • Guest Service, 3%
Common bank advisor skills
  • Financial Services, 21%
  • CRM, 14%
  • Client Relationships, 13%
  • Cross-Selling, 6%
  • Financial Solutions, 5%
  • Bank Products, 4%

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