what is an advisor?

As an advisor, you are a person with specialised talents, experience, and skills in a particular field. You use those traits and knowledge to assist, inform, and mentor others. You can specialise in a wide range of fields, such as finance, law, real estate, education, and healthcare, among others.

To become an advisor, you must have a relevant educational and professional background in the field you wish to advise in. For instance, a financial advisor should have a degree or certification in finance, accounting, or economics, and a law advisor should have a law degree and be registered with the Bar Council of India.

You play a crucial role in helping your clients navigate complex issues and make informed decisions that can have significant impacts on their lives or businesses. Your advice is objective and impartial advice, keeping the best interests of your client in mind. You also keep yourself up-to-date with the latest developments in your field and provide timely advice to your clients based on the latest information.

Does a career as an advisor appeal to you? If you feel as though your areas of interest and expertise could mesh well with your willingness to share your knowledge, keep reading to find out what skills and competencies are needed to thrive in this role.

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average advisor salary

According to Talent, the average salary of an advisor in India is ₹393,246 per year. This falls on the lower half of the overall spectrum for this profession. Entry-level advisors tend to make upwards of ₹240,000 per year. Conversely, the highest-earning advisors make as much as ₹10,15,683 per year.

factors that affect an advisor's pay

Experience is a crucial factor that affects your pay. Advisors with several years of experience in their field are likely to command higher salaries than those who are new to the profession. Clients value advisors who have a proven track record of success in their field and can provide valuable insights and guidance.

Qualifications are another significant element in your earning potential. If you have higher degrees, certifications, or specialised training in your field, you are likely to command higher pay than those without. Additionally, working in metro cities like Mumbai, Delhi, or Bangalore are likely to earn more than working in smaller towns or rural areas.

male executive typing on laptop
male executive typing on laptop

types of advisor


As an advisor, your role is to provide advice in your given area of expertise. As a result, you can essentially be an advisor in any field and your role will remain the same. That being said, there are common types of advisor roles with unique aspects, and they are:

  • financial advisors: this is one of the most common types of advisors. In this role, you help clients with financial planning, investment management, tax planning, and retirement planning. You also provide personalised advice and guidance to help your clients achieve their financial goals.
  • legal advisors: as a legal advisor, you provide legal advice and guidance to clients on various matters such as contracts, dispute resolution, litigation, and corporate law. You may work in law firms, as in-house counsel for companies, or as an independent consultant.
  • real estate advisors: this role is particularly common in urban areas. In this role, you provide advice and guidance on buying, selling, and leasing properties. You also help clients with property valuations, legal documentation, and negotiations.
  • career advisors: in this role, you provide advice and guidance on job search strategies, resume writing, interview preparation, and career development. You can work in educational institutions as a consultant or in career counselling centres.
  • healthcare advisors: here, you provide advice and guidance on healthcare management, medical tourism, and wellness programs. Healthcare advisors can work in hospitals, clinics, or as independent consultants.

working as an advisor

The specific duties of an advisor include the following:


education and skills

Due to the nature of your role, there are no specific qualifications that apply across the board. That being said, advisors typically have a bachelor's degree in a topic related to their field. Some financial advisors may also have advanced degrees, such as a master's in finance or an MBA. In addition to academic qualifications, financial advisors are typically required to have professional certifications such as the Certified Financial Planner (CFP) or the Chartered Financial Analyst (CFA).

advisor skills and competencies

Some of the qualities of an advisor include:

  • effective communicator: you are able to build trust with your clients, communicate complex ideas clearly and concisely, and build strong relationships with colleagues in related fields.
  • analytical skillset: you evaluate complex data, analyse trends, and make informed recommendations based on that analysis. You pay close attention to detail to ensure that your advice is accurate and comprehensive.
  • ethical behaviour: you are expected to maintain the highest standards of professional conduct. You put your client's best interests first and avoid any conflicts of interest that could compromise the advice you give. You must also maintain the confidentiality of the client's information and comply with all relevant laws and regulations regarding that confidentiality.
Two women having a conversation in a cafe
Two women having a conversation in a cafe

FAQs about working as an advisor

Here, you will find the answers to the most frequently asked questions about the profession of advisor.

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