Financial Advisor vs Management Consultant salary
In Canada, a management consultant earns about 25% more than a financial advisor — $167,311 vs $133,426 per year.
Showing amounts in USD (USD default; source data is CAD). FX as of Mon, 13 Jul 2026 00:02:31 +0000. Convert currencies
Finance & Business
Financial Advisor$133,426/yr
- Monthly
- $11,154
- Hourly
- $64
- Range
- $73,419–$206,845
- 10-yr outlook
- +13%
Pays more
Finance & Business
Management Consultant$167,311/yr
- Monthly
- $13,978
- Hourly
- $80
- Range
- $92,057–$259,368
- 10-yr outlook
- +10%
Pay range, side by side
| Percentile | Financial Advisor | Management Consultant |
|---|---|---|
| Entry (10th) | $73,419 | $92,057 |
| 25th | $103,422 | $129,684 |
| Median | $133,426 | $167,311 |
| 75th | $170,135 | $213,340 |
| Senior (90th) | $206,845 | $259,368 |
National Canada figures in CAD. Individual pay varies with experience, employer, and location.
More Finance & Business comparisons
Frequently asked questions
- Does a financial advisor or management consultant earn more in Canada?
- A management consultant earns more, at about $237,000 per year vs $189,000 for a financial advisor — roughly 25% ($48,000) more.
- What is the salary range for these roles in Canada?
- A financial advisor typically earns $104,000–$293,000, while a management consultant earns $130,400–$367,400 per year.
- How much do these jobs pay per month in Canada?
- On a monthly basis before tax, a financial advisor averages about $15,800 and a management consultant about $19,800.
- How do entry-level salaries compare?
- At the 10th percentile in Canada, a financial advisor earns about $104,000 while a management consultant earns about $130,400 per year.
- How do senior-level salaries compare?
- At the 90th percentile in Canada, a financial advisor earns about $293,000 while a management consultant earns about $367,400 per year.
- Are financial advisor and management consultant similar careers?
- Both roles sit in the Finance & Business category on Pay by Role, which is why we compare them head-to-head. Day-to-day work still differs — review each job page for skills and outlook.