Financial Counselor Salary

An average Financial Counselor in the United States can expect to take home roughly $16.71 per hour. Geography and career duration each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Financial Counselors who responded to the questionnaire are largely women, dominating at 84 percent. Job satisfaction is high and work is enjoyable for most Financial Counselors. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$31,069 - $63,502
$31K
$43K
$64K
MEDIAN: $43,061
10%
50%
90%

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$13.17 - $21.73
$13
$17
$22
MEDIAN: $16.71
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$31,069 - $63,502  
   
Bonus
$0.00 - $9,826  
Profit Sharing
$500  
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).
)
$28,372 - $50,616  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 137
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$13.17 - $21.73  
   
Overtime
$20.29 - $35.35  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $9,826  
   
Profit Sharing
$500  
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).
)
$28,372 - $50,616  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 469

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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

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

Common Career Paths for Financial Counselor


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Many Financial Counselors transition into upper-level Patient Access Supervisor positions. Patient Access Supervisors earn a median of $42K per year.

Financial Counselor Job Listings

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Popular Skills for Financial Counselor


Financial Counselors report using a large range of skills on the job. Most notably, facility with Financial Advisor, Financial Analysis, and Epic Hospital Billing are correlated to pay that is significantly above average, leading to increases of 40 percent, 31 percent, and 19 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Collections, Medical Terminology, and bill collections. Those educated in Customer Service tend to be well versed in Collections.

Pay by Experience Level for Financial Counselor

Pay by Experience for a Financial Counselor has a positive trend. An entry-level Financial Counselor with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 327 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Counselor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 183 salaries. An experienced Financial Counselor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 177 salaries. A Financial Counselor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 49 salaries.

Pay Difference by Location

National Average: $36,836

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Financial Counselors, New York offers exceptional salaries, 34 percent above the national average. Financial Counselors will also find cushy salaries in Honolulu (+27 percent), Philadelphia (+26 percent), Boston (+21 percent), and Chicago (+18 percent). Compared to the national average, Orlando Financial Counselors have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Pittsburgh and Tampa (11 percent lower and 10 percent lower, respectively).

Related Job Salaries

Key Stats for Financial Counselor

Gender

Female
84 %
Male
16 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 111 votes.
Less than 1 year
3%
1-4 years
40%
5-9 years
23%
10-19 years
25%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Counselor Salaries

▲12%

▲9%

▲3%

National Average
$37,000

▼5%

Skills That Affect Financial Counselor Salaries

Financial Advisor
▲40%

Financial Analysis
▲31%

Epic Hospital Billing
▲19%

Counseling
▲17%

Financial Applications
▲11%

National Average
$37,000


▼2%

Billing
▼2%


▼6%

Medical Terminology
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 111 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
23%
10-19 years
25%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
vision benefits
Vision: 66%
no benefits
None: 12%
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