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Financial Counselor Salary

Earnings for Financial Counselors in the United States come in at around $15.70 per hour on average. In the world of Financial Counselors, overall income ranges from $26K near the bottom to $50K at the top; this can include more than $2K from bonuses and more than $4K from profit sharing in exceptional cases. Geography and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a fair number, and a strong majority earn dental coverage. Most Financial Counselors report high levels of job satisfaction. There are far more female Financial Counselors who answered the questionnaire than men, making up 82 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$29,634 - $57,559
(Median)
$30K
$41K
$58K
MEDIAN: $40,894
10%
50%
90%

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$12.04 - $20.75
(Median)
$12
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$29,634 - $57,559  
   
Bonus
$0.00 - $2,027  
Profit Sharing
$0.44 - $3,523  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,174 - $49,838  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 207
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$12.04 - $20.75  
   
Overtime
$9.48 - $29.75  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $2,027  
   
Profit Sharing
$0.44 - $3,523  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,174 - $49,838  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 479

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Job Description for Financial Counselor

Financial counselors are responsible for providing key financial information to clients, offering financial assistance and arrangements as needed. They are in charge of establishing relationships to ensure satisfactory financial resolution for their organization. They provide one-on-one financial counseling to educate clients on their options, handle insurance information, and review documentation and financial information to approve reimbursements. Financial counselors also verify clients' eligibility for programs based on program requirements, as well as help secure payment agreements between their organization and external parties.

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Financial Counselor Tasks

  • Investigate insurance coverage, financial assistant options, and calculate out of pocket expenses.
  • Meet with clients to discuss finances, cost of services, interest and payment options.
  • Counsel individuals and families regarding various financial decisions, including budgeting, debt management and paying for medical treatment.

Financial Counselor Job Listings

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Popular Skills for Financial Counselor


Financial Counselors report using a wide range of professional skills. Most notably, facility with Financial Advisor and Counseling are correlated to pay that is significantly above average, leading to increases of 28 percent and 12 percent, respectively. Skills that seem to negatively impact pay include Collections. Most people who know Customer Service also know Collections.

Pay by Experience Level for Financial Counselor

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $34K, but survey participants with five to 10 years of experience earn a significantly higher median of $37K. Financial Counselors with one to two decades of relevant experience report an average salary of approximately $37K. Survey participants who have worked for more than two decades report bringing in $40K on average.

Related Job Salaries

United States (change)

Experience Affects Financial Counselor Salaries




National Average
$35,000


Skills That Affect Financial Counselor Salaries

Financial Advisor
up arrow 28%

Counseling
up arrow 12%

Billing
up arrow 3%

National Average
$35,000

Customer Service
up arrow 1%

Insurance
up arrow 2%

Collections
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
29%
10-19 years
22%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 71%
vision benefits Vision: 59% employee benefits None: 16%
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