Investment Consultant Salary

Investment Consultants in the United States can expect to earn an average of $73K annually. Pay generally varies between $47K and $162K per year. Total cash compensation to Investment Consultants bottoms out near $47K and approaches $162K on the high end; the biggest paychecks include approximately $39K from bonuses and almost $11K from profit sharing. Compensation for this group is mainly affected by residence, but career duration and the particular employer are influential factors as well. Most workers in this position report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Generally, women make up less than a third of all Investment Consultants who answered the questionnnaire. The data for this synopsis comes from respondents who took the PayScale salary survey.

$44,045 - $134,226

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$44,045 - $134,226  
   
Bonus
$1,942 - $38,733  
Profit Sharing
$964 - $11,335  
Commission
$0.00 - $55,624  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,458 - $161,641  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 222
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Job Description for Investment Consultant

The investment consultant holds an advisory position and works with their company's clients or as a contractor for multiple organizations. Brokerage firms and investment advisory companies are typical employers for investment consultants. The investment consultant is responsible for making calls to prospective and current clients, resolving their concerns and issues, and strengthening relationships. They help clients manage their portfolios, make suggestions, figure out the client's goals, and establish plans to achieve those aims. These professionals must track interactions with clients through a customer relationship system software. The consultant must be comfortable speaking with a wide variety of people, and they may also work with other branches and divisions of their company to serve clients as well.

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Popular Employer Salaries for Investment Consultant


The biggest paychecks can be found at TD Ameritrade, Inc — the median salary there is $122K.

Less than half of the top paying company's rate, Scottrade, Inc. offers a median salary of just $51K, consistently last on the pay scale ladder by far.

Popular Skills for Investment Consultant


Job skills reported by Investment Consultants are limited. Most notably, facility with Investment Management and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent and 18 percent, respectively. Those listing Sales as a skill should be prepared for drastically lower pay. Those familiar with Financial Analysis also tend to know Sales.

Pay by Experience Level for Investment Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Investment Consultants, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries for the relatively untried average out to around $60K, but survey participants with five to 10 years of experience earn a significantly higher median of $90K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $108K. Investment Consultants who have spent more than 20 years on the job report earning a significantly higher median of $155K.

Pay Difference by Location


Home to some of the best pay for Investment Consultants, San Francisco offers exceptional salaries, 85 percent above the national average. Investment Consultants can also look forward to large paychecks in cities like Boston (+44 percent), New York (+39 percent), Atlanta (+18 percent), and Chicago (+7 percent). Compared to the national average, Charlotte Investment Consultants have considerably lower salaries, 32 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession.

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Experience Affects Investment Consultant Salaries

Late-Career
up arrow 85%



National Average
$84,000


Skills That Affect Investment Consultant Salaries



National Average
$84,000

Sales
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
45%
10-19 years
24%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 65% employee benefits None: 9%
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