The average salary for a Financial Consultant is $68,662.
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What Do Financial Consultants Do?
A financial consultant advises clients of an investment bank or financial services company on the best way to manage their money. They assesses customers' financial needs and work with them to build an investment portfolio that is comfortable for the client and builds wealth. To be successful, a financial consultant must build a client base; they need to identify prospective clients and cultivate relationships with them. Consultants may need to be creative in developing ways to attract new clien…Read more
Financial Consultant Tasks
- Guide clients through financial self-analysis, including goal setting and advice to reach goals.
- Assist clients with estate management, tax returns, budgets, or other financial tasks.
- Follow-up with clients on plans, track successes, and inform about modifications.
Job Satisfaction for Financial Consultant
Popular Employer Salaries for Financial Consultant
The top respondents for the job title Financial Consultant are from the companies Regions Bank, TIAA-CREF and Deloitte. Reported salaries are highest at EY (Ernst & Young) where the average pay is $78,567. Other companies that offer high salaries for this role include Deloitte and TIAA-CREF, earning around $71,163 and $62,196, respectively. Regions Bank pays the lowest at around $42,724. TD Ameritrade, Inc and Fidelity Investments also pay on the lower end of the scale, paying $51,836 and $59,994, respectively.
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Somewhat common (8 - 20%)
Financial Consultant Job Listings
What Are Popular Skills for Financial Consultants?
Skills in Financial Analysis, Microsoft Excel, Data Analysis and Financial Modeling are correlated to pay that is above average. Skills that pay less than market rate include Financial Advisor.
What is the Pay by Experience Level for Financial Consultants?
An entry-level Financial Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $54,438 based on 72 salaries. An early career Financial Consultant with 1-4 years of experience earns an average total compensation of $65,633 based on 423 salaries. A mid-career Financial Consultant with 5-9 years of experience earns an average total compensation of $76,135 based on 229 salaries. An experienced Financial Consultant with 10-19 years of experience earns an average total compensation of $79,849 based on 170 salaries. In their late career (20 years and higher), employees earn an average total compensation of $85,087.
Pay Difference by Location
Employees with Financial Consultant in their job title in Chicago, Illinois earn an average of 21.1% more than the national average. These job titles also find higher than average salaries in New York, New York (12.8% more) and Washington, District of Columbia (10.3% more). The lowest salaries can be found in Denver, Colorado (15.5% less) and Charlotte, North Carolina (0.9% less).
Years of Experience
This data is based on 987 survey responses.