Financial Counselor Salary

Median pay for Financial Counselors in the United States is around $16.98 per hour. Location is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women make up the vast majority of Financial Counselors (85 percent) who answered the questionnaire. Job satisfaction for Financial Counselors is high. This report is based on answers to PayScale's salary questionnaire.

$31,295 - $61,992
$31K
$43K
$62K
MEDIAN: $43,082
10%
50%
90%

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$13.29 - $21.72
$13
$17
$22
MEDIAN: $16.98
10%
50%
90%

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$0$61K
Salary $31,295 - $61,992
Bonus $0.00 - $6,082
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).
)
$28,594 - $50,561
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 145
Hourly Data $0$32
Hourly Rate $13.29 - $21.72
Overtime $19.57 - $32.36
Annual Data $0$50K
Bonus $0.00 - $6,082
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).
)
$28,594 - $50,561
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 493

Find Out Exactly What You Should Be Paid

United States (change)

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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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Financial Counselors often end up in upper-level roles like Patient Access Supervisor. Patient Access Supervisors bring home $42K annually on average.

Financial Counselor Job Listings

Popular Skills for Financial Counselor


Financial Counselors seem to require a rather large skill set. 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 38 percent, 30 percent, and 17 percent, respectively. At the other end of the pay range are skills like Collections, Medical Terminology, and bill collections. Most people skilled in Customer Service are similarly competent 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: $37,235

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

For Financial Counselors, busy New York offers a higher-than-average pay rate, 33 percent above the national average. Financial Counselors can also look forward to large paychecks in cities like Honolulu (+26 percent), Philadelphia (+25 percent), Boston (+20 percent), and Chicago (+16 percent). Compared to the national average, Orlando Financial Counselors have considerably lower salaries, 22 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers in Pittsburgh and Tampa also lean toward paying below-median salaries (12 percent lower and 11 percent lower, respectively).

Financial Counselor Reviews

Q: What is it like working as a Financial Counselor?

Financial Counselor in Bristol:
"Stressful."
Pros: I like helping people and customer service.
Cons: The stress of having to go to patient rooms when in hospital sick.

Financial Counselor in Merrillville:
"Like it so far."
Pros: Individualized work.
Cons: Repetitive.

Related Job Salaries

Key Stats for Financial Counselor

Gender

Female
85 %
Male
15 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 133 votes.
Less than 1 year
3%
1-4 years
40%
5-9 years
24%
10-19 years
25%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Counselor Salaries

▲11%

▲8%

▲2%

National Average
$37,000

▼7%

Skills That Affect Financial Counselor Salaries

Financial Advisor
▲38%

Financial Analysis
▲30%

Epic Hospital Billing
▲17%

Counseling
▲16%

Financial Applications
▲10%

National Average
$37,000


▼3%

Billing
▼3%


▼7%

Medical Terminology
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 133 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
24%
10-19 years
25%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 77%
vision benefits
Vision: 66%
no benefits
None: 14%
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