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Financial Counselor Salary

The average Financial Counselor in the United States earns approximately $15.78 per hour. Total cash compensation to Financial Counselors bottoms out near $26K and approaches $50K on the high end; the biggest paychecks include approximately $2K from bonuses and almost $4K from profit sharing. Geographic location and career length each impact pay for this group, with the former having the largest influence. There are far more female Financial Counselors who answered the questionnaire than men, making up 82 percent. The majority of Financial Counselors claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

$29,674 - $57,864
(Median)
$30K
$41K
$58K
MEDIAN: $40,960
10%
50%
90%

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$12.12 - $20.74
(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
$29,674 - $57,864  
   
Bonus
$0.00 - $2,392  
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).
)
$26,418 - $50,099  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 210
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
$12.12 - $20.74  
   
Overtime
$9.54 - $29.63  
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 - $2,392  
   
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).
)
$26,418 - $50,099  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 496
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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 are correlated to lower pay, on the other hand, include Collections. Those familiar with Customer Service also tend to know Collections.

Pay by Experience Level for Financial Counselor

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


The average worker who claims fewer than five years of experience earns around $34K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $37K. People with 10 to 20 years of experience make an average of about $37K in this role. Seasoned veterans with 20 years under their belts enjoy a median income of $40K.

Related Job Salaries

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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 147 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: 60% employee benefits None: 16%
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