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Salary and Benefits

Financial Consultant
$54K-$66K / yr. (est.)
$54K
$60,463 / year
$67K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Financial Consultant

What does a Financial Consultant do?

As Financial Consultants, we develop financial plans to help clients achieve their short/long-term financial goals. Depending on their financial goals, we advise clients on taxes, investments, and insurance decisions. We also assess how specific life changes and financial status changes affect client’s financial plans and adjust our strategy accordingly. We solicit new clients through cold-calling, emailing, hosting seminars & webinars, and advertising. We prepare and interpret financial document summaries, investment performance reports, and future income projections.

Core tasks:

  • coordinate with accountants, attorney, real estate agents, and other professionals to verify the clients’ information
  • implement financial plans and refer clients to specialized professionals to help them
  • continuously research suitable investment opportunities for the client

Insights

How Many Years of Experience Do Professionals Need Before Becoming Financial Consultant?
On average, people work 5-7 years in other positions prior to becoming a Financial Consultant.
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Financial AnalystHouston, TX - A year ago
👎 That's nonsense! I started as a Financial Consultant straight out of college and it hasn't affected my career at all. Experience isn't everything!
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Private BankerSan Francisco, CA - A year ago
This information is so misleading. It's the quality of experience that matters, not the quantity! Who creates these infographics?
How Long Do Financial Consultant Employees Typically Stay in Their Roles?
On average, Financial Consultants works in this position for 5+ years across multiple employers.
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EconomistHouston, TX - A year ago
The turnover rate is concerning. It raises questions about the work environment and job satisfaction in the financial industry.
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AccountantMiami, FL - A year ago
Well, if you can't handle the heat, get out of the financial kitchen! This job isn't for the faint-hearted!
What Is the Job Hopper Score for Financial Consultant Employees?
Moderate job changes in Financial Consultant, showing some career movement without excessive turnover.
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Financial PlannerHouston, TX - A year ago
As a Financial Planner, I believe that loyalty and commitment lead to stronger client relationships and trust. Job changes may negatively impact that.
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AccountantMiami, FL - A year ago
for an Accountant like me, I think moderate job changes can bring fresh perspectives and a wider skill set. Embracing change is essential to stay competitive. 💯

Career path

Path to job

Discover a Financial Consultant's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Financial Consultant typically studied at.
Arizona State University-Tempe
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Financial Consultant Employees?
Gender ratio in Financial Consultant position: 0.75983278918622 Male and 0.24016721081378 Female. Age ratio in Financial Consultant position: 16-20: 3%, 21-30: 58%, 31-40: 22%, 41-50: 11%, 51-60: 5%, 60+: 1%. Financial Consultant position is predominantly male (76.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Financial ConsultantHouston, TX - A year ago
I don't get it. Why do we see such a high percentage of Financial Consultants aged 21-30? Are they simply more attracted to this field or are there other factors at play? 🤷
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Financial ConsultantSan Francisco, CA - A year ago
As a female considering a career as a Financial Consultant, it's disheartening to see the gender imbalance. What can we do to encourage more women to enter and thrive in this industry? 😡

Workplaces

Who Are the Top Employers for Financial Consultant?
Top employers of Financial Consultant position: AXA Advisors, Charles Schwab, Fidelity Investments. People who work in Financial Consultant position most typically go on to work for the AXA Advisors.
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Financial ConsultantHouston, TX - A year ago
Can't people understand that not everyone wants to work for the big names? Small firms have their own charm too!
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Financial ConsultantMiami, FL - A year ago
I've worked for AXA Advisors for years and I can say they offer great opportunities for growth. No wonder they're popular!
AXA Advisors
Charles Schwab
Fidelity Investments
What Industries Does Financial Consultant Typically Have Experience In?
Industry Background: The most typical industries of Financial Consultant: Finance & Insurance, Professional / Scientific / Technical, Information Technology, Health Care, Manufacturing. Financial Consultant employees most likely come from a Finance & Insurance industry background.
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Financial ConsultantHouston, TX - A year ago
Financial Consultants are just glorified salespeople. They're more interested in making a quick commission than actually helping their clients. 😠
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Financial ConsultantSeattle, WA - A year ago
Sure, there may be dodgy Financial Consultants, but there are also many ethical and dedicated ones out there. Don't generalize based on a few bad apples! 🍏

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Discussion about Financial Consultant

Want to know more about Financial Consultant position?
Share your thoughts and ideas about Financial Consultant position with others in our community.
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Do a lot of women work as a Financial Consultant?
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Isabella Holmes3 years ago
More men than women work as a Financial Consultant.
What is the typical age of people who work as a Financial Consultant?
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Isabella Holmes3 years ago
The typical age is 31 for a Financial Consultant.
Is a Financial Consultant considered to be a senior profession?
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Liam Brown3 years ago
You need 6 years of experience to work as a Financial Consultant.
Which industries does a Financial Consultant typically work in?
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Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
Is it encouraged to have a degree as a Financial Consultant?
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Sophie Hayes3 years ago
Bachelor of Science degree is the typical for a Financial Consultant
Which company are you working for as a Financial Consultant?
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Sophie Hayes3 years ago
It’s common for a Financial Consultant to work for AXA Advisors, Charles Schwab, Fidelity Investments and Thrivent Financial
How many years do people spend as a Financial Consultant in their career path?
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Benjamin Gardner3 years ago
On average people change after more than 5 years.
How frequently people change companies if they work as a Financial Consultant?
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Liam Brown3 years ago
The job hopper score is medium for a Financial Consultant.
What jobs do people work in before becoming a Financial Consultant?
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Sophie Hayes3 years ago
A Financial Consultant probably worked as Financial Advisor, Financial Analyst or Investment Consultant before
What are the typical next steps for someone working as a Financial Consultant?
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Sophie Hayes3 years ago
Financial Advisor, Vice President or Financial Analyst can be a good next step
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Disclaimer

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