The average hourly pay for a Financial Counselor is $17.46.
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What Do Financial Counselors Do?
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' elig…Read more
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.
Job Satisfaction for Financial Counselor
Popular Employer Salaries for Financial Counselor
The top respondents for the job title Financial Counselor are from the companies Florida Cancer Specialists, Sidney & Lois Eskenazi Hospital and Inverness Technologies. Reported salaries are highest at Methodist where the average pay is $22.41. Other companies that offer high salaries for this role include Inverness Technologies and Grady Hospital, earning around $19.25 and $18.90, respectively. Scott & White Hospital and Clinic pays the lowest at around $16.82. Florida Cancer Specialists and Sidney & Lois Eskenazi Hospital also pay on the lower end of the scale, paying $17.08 and $17.89, respectively.
Explore the most common career paths for Financial Counselor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Patient Access Supervisor
Somewhat common (8 - 20%)
Financial Counselor Job Listings
What Are Popular Skills for Financial Counselors?
Skills in Insurance, Patient Counseling and Financial Advisor are correlated to pay that is above average. Skills that pay less than market rate include Bill Collections and Customer Service.
What is the Pay by Experience Level for Financial Counselors?
An entry-level Financial Counselor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.79 based on 42 salaries. An early career Financial Counselor with 1-4 years of experience earns an average total compensation of $16.57 based on 461 salaries. A mid-career Financial Counselor with 5-9 years of experience earns an average total compensation of $17.48 based on 256 salaries. An experienced Financial Counselor with 10-19 years of experience earns an average total compensation of $18.89 based on 277 salaries. In their late career (20 years and higher), employees earn an average total compensation of $18.
Pay Difference by Location
Employees with Financial Counselor in their job title in Boston, Massachusetts earn an average of 28.6% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (18.4% more) and Dallas, Texas (16.4% more).
Years of Experience
This data is based on 1,154 survey responses.