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Wealth management advisor vs certified medical technician

The differences between wealth management advisors and certified medical technicians can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a wealth management advisor, becoming a certified medical technician takes usually requires 6-12 months. Additionally, a wealth management advisor has an average salary of $91,605, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for a wealth management advisor include customer service, insurance products and securities. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Wealth management advisor vs certified medical technician overview

Wealth Management AdvisorCertified Medical Technician
Yearly salary$91,605$38,859
Hourly rate$44.04$18.68
Growth rate15%5%
Number of jobs127,946164,424
Job satisfaction4-
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 28%
Average age4544
Years of experience412

What does a wealth management advisor do?

As a wealth management advisor, you will be responsible for advising and guiding clients on financial plans using your knowledge and expertise on investment and tax strategies, pension plans, insurance, real estate, and securities. You will be regularly checking clients to re-evaluate their situation and future financial goals. Additionally, you are responsible for assessing clients' tolerance for risk and providing an investment strategy to help them reach these goals. Other duties and responsibilities may include coordinating with your lawyers or accountants to minimize the tax owed by their clients and assisting clients with estate planning strategies.

What does a certified medical technician do?

Certified Medical Technicians are specialists in medical diagnoses by performing laboratory testing and analysis for hospitals and physicians. Their duties include lab sanitization to prepare for testing and collection, recording medical samples for testing, specimen preparation, blood drawing for donation and testing, and assisting physicians with sample collection as well as equipment handling in surgical rooms. They must also understand how to use complex and sensitive testing equipment such as cell counters, analyzers, microscopes, and centrifuges.

Wealth management advisor vs certified medical technician salary

Wealth management advisors and certified medical technicians have different pay scales, as shown below.

Wealth Management AdvisorCertified Medical Technician
Average salary$91,605$38,859
Salary rangeBetween $49,000 And $168,000Between $28,000 And $53,000
Highest paying CityNew York, NYDenton, TX
Highest paying stateMassachusettsAlaska
Best paying companyCapital GroupFavorite Healthcare Staffing
Best paying industryFinanceHealth Care

Differences between wealth management advisor and certified medical technician education

There are a few differences between a wealth management advisor and a certified medical technician in terms of educational background:

Wealth Management AdvisorCertified Medical Technician
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 28%
Most common majorBusinessNursing
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Connecticut

Wealth management advisor vs certified medical technician demographics

Here are the differences between wealth management advisors' and certified medical technicians' demographics:

Wealth Management AdvisorCertified Medical Technician
Average age4544
Gender ratioMale, 69.1% Female, 30.9%Male, 20.4% Female, 79.6%
Race ratioBlack 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%Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage5%8%

Differences between wealth management advisor and certified medical technician duties and responsibilities

Wealth management advisor example responsibilities.

  • Handle sales of permanent and term insurance, fix annuities, brokerage accounts, mutual funds, and manage money accounts.
  • Manage FINRA, NASD compliance, quality control and documentation for all stock, bond and option trades place by team.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Contribute MorningStar research reports for mutual fund portfolios.
  • Maintain and monitor files to ensure proper compliance procedures under FINRA.
  • Research and compare active vs. passive financial managers who utilize section rotation and ETFs to hedge risk and capture alpha.
  • Show more

Certified medical technician example responsibilities.

  • Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
  • Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
  • Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
  • Perform first aid and apply CPR when necessary.
  • Perform first aid or CPR during medical emergencies until paramedics arrive.
  • Assist the residents in their ADL needs and prepare their meals.
  • Show more

Wealth management advisor vs certified medical technician skills

Common wealth management advisor skills
  • Customer Service, 11%
  • Insurance Products, 8%
  • Securities, 8%
  • Portfolio Management, 7%
  • Client Relationships, 7%
  • FINRA, 6%
Common certified medical technician skills
  • Patients, 17%
  • Vital Signs, 12%
  • CPR, 8%
  • Administer Medications, 7%
  • Resident Care, 6%
  • HIPAA, 6%

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