- Financial consultants who manage the investment and insurance portfolios of individuals are called personal financial advisers. Advisers ensure that their clients' investment choices are in line with personal financial goals. According to the U.S. Bureau of Labor Statistics (BLS), financial advisers earned an average median salary of $68,200 as of May 2009.
- Financial consulting managers work in banks, savings and loans, credit unions and investment firms. Financial managers ensure that the organization is on track to meet financial goals. They monitor cash flow and receipts, and consult with company executives to develop financial risk-management strategies. As of May 2009, financial managers earned median annual wages of $101,190. Managers on the top of the pay scale earned more than $166,400 per year.
- Financial consultants are often responsible for selling commodities and securities. Brokers and sales agents sell investments to people based on personal investment models and financial ability. They also consult with clients on the types of investments and banking products that will provide the best return for the money. According to the BLS, financial sales agents earned average median wages of $66,930 as of May 2009. Financial agents who earned the most in this occupation made more than $118,640 while those who earned the least made less than $29,980 according to the bureau.
- Pinpointing the exact salary of a financial consultant can be complicated because they work for a variety of industries and have varied job duties. Some financial consultants are self-employed. Other consultants work on a commission basis only. Similar to self-employed consultants, commissioned financial consultants have the opportunity to earn very high salaries depending on the commission structure of their organization and their individual work ethic.
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