Investment consultant roles typically require a Bachelor’s degree with coursework covering economics, accounting, or business administration. Roles with a title such as “investment consultant” typically require in-depth knowledge of investment theory and practice, financial markets, and the evolving demands of industry business models.

As a career path, consulting offers a multitude of opportunities for professionals at different points in their professional development. Some consultant roles require only a few years of relevant professional experience, but many positions require more extensive experience as well as specialized knowledge and skills.

Because financial planners are frequently considered investment consultants, they typically acquire additional certifications to be qualified to provide financial services and investment guidance to clients.

A 2019 CFA Institute compensation study of charterholders and members found that investment consultants reported a typical, global total compensation of US$131,000 (US$106,000 base annual salary).