Financial Counselor Salary (United States)

Salaries for Financial Counselors in the United States lie in the neighborhood of $15.50 per hour. Compensation starts at $11.83 per hour and can reach $20.32. Total cash earnings range from $29,150 on the low end to $57,699 on the high end and can include bonus and profit sharing proceeds as high as $1,965 and $2,043, respectively. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Most workers in this profession enjoy health benefits; medical and dental coverage is claimed by most, and more than half earn vision coverage. The majority of Financial Counselors claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
Financial Counselor Salary (?
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.
)
$29,150 - $57,699
(Median)
29K
34K
41K
49K
58K
MEDIAN: $40,769
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Financial Counselor Salary (?
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.
)
$11.83 - $20.32
(Median)
12
14
15
18
20
MEDIAN: $15.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$29,150 - $57,699  
   
Bonus
$0.00 - $1,965  
Profit Sharing
$0.25 - $2,043  
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).
)
$25,648 - $49,772  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 165
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
$11.83 - $20.32  
   
Overtime
$9.64 - $29.50  
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 - $1,965  
   
Profit Sharing
$0.25 - $2,043  
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).
)
$25,648 - $49,772  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 380
Is Financial Counselor your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

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.
Read More...
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

Search for more jobs:
job title / company
location

Popular Skills for Financial Counselor

Survey results show that Financial Counselors use a fair number of skills. Counseling and Billing are considered valuable skills and can increase employee pay by 20 percent and 4 percent respectively. Skills that pay less than market rate include Collections and Financial Advisor. For most people, competency in Collections indicates knowledge of Insurance.

Pay by Experience Level for Financial Counselor

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Though Financial Counselors can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. Starting at around $34K, salaries see a boost to $36K after five to 10 years. After spending one to two decades on the job, pay usually hovers around $36K. Though salary increases are not as strong, pay continues to grow slightly for Financial Counselors after two decades on the job, and average earnings come to $41K. Experienced employees who have 10-20 years of experience make up 22 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 6 percent. Between one and nine years of experience is the norm for people in this field—a majority of those surveyed fit this bill.

Pay Difference By Location

Honolulu
up arrow 34%
Los Angeles
up arrow 23%
New York
up arrow 19%
Chicago
up arrow 11%
Dallas
up arrow 9%
Cleveland
up arrow 2%
National Average
$35,000
Tampa
up arrow 4%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Financial Counselors that is 34 percent greater than the national average, Honolulu offers a comfortable salary for those in this profession. Financial Counselors can also look forward to large paychecks in cities like Los Angeles (+23 percent), New York (+19 percent), Chicago (+11 percent), and Dallas (+9 percent). In Tampa, salaries are 4 percent below the national average and represent the lowest-paying market.

Related Job Salaries

Experience Affects Financial Counselor Salaries

Late-Career
up arrow 17%
National Average
$35,000

Skills That Affect Financial Counselor Salaries

Counseling
up arrow 20%
Billing
up arrow 4%
National Average
$35,000
Customer Service
up arrow 1%
Insurance
up arrow 3%
Financial Advisor
up arrow 5%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 129 votes.

Gender

Female
80%
female alumni
 
Male
20%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
40%
5-9 years
29%
10-19 years
22%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 69%
vision benefits Vision: 58% employee benefits None: 16%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -