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Salary and Benefits

Financial Counselor
$44K-$54K / yr. (est.)
$45K
$49,577 / year
$55K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Financial Counselor

What does a Financial Counselor do?

We, financial counselors, assist clients with different financial application processes. We offer advice and required information to the individuals facing financail difficulty. It is our duty to attend meetings and participate in finance-related presentations. We help our clients write financial applications. Some of us assist clients with financial arrangements. Also, we have to collect liabilities from the clients. While working in the financial sector, we explain our clients about the process of applying for a loan and what are the terms to pay back the amount. Once clients agree to take a loan, we follow up with them to ensure that the information provided is complete and accurate.

Core tasks:

  • reporting issues and problems to supervisors
  • verifying the employment details of clients
  • complying with the companies’ regulations and rules

Insights

How Many Years of Experience Do Professionals Need Before Becoming Financial Counselor?
On average, people work 5-7 years in other positions prior to becoming a Financial Counselor.
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Financial CounselorPhiladelphia, PA - 9 months ago
I'm fine with it taking a while. It means they're putting in the effort to really understand the field. 👍
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Financial CounselorMiami, FL - 9 months ago
Listen, y'all. It ain't a walk in the park payin' folks' bills and managin' their finances. Takes time to become competent in that field, so quit complainin'.
How Long Do Financial Counselor Employees Typically Stay in Their Roles?
On average, Financial Counselors works in this position for 5+ years across multiple employers.
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Financial AnalystHouston, TX - 9 months ago
Experience counts, but let's not discount new talent! Financial Analysts bring fresh perspectives, current market insights, and the ability to analyze complex data trends, keeping the industry innovative and progressive. 🔍
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Wealth ManagerMiami, FL - 9 months ago
As a Wealth Manager, I believe it's not just about the track record. Building and maintaining trust-based relationships is crucial, alongside having an in-depth understanding of clients' goals and aspirations. ☑
What Is the Job Hopper Score for Financial Counselor Employees?
Moderate job changes in Financial Counselor, showing some career movement without excessive turnover.
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Financial PlannerLos Angeles, CA - 9 months ago
Seriously, who stays in the same job for that long? My clients expect me to keep pushing myself and growing in my career!
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Personal BankerBoston, MA - 9 months ago
As a Personal Banker, I disagree with this image. People change jobs all the time, searching for something better. This is unrealistic.

Career path

Path to job

How long does a Financial Counselor work in this position across multiple employers?
22 %
Customer Service Representative
Avg. length of tenure:3 years
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13 %
Patient Access Representative
Avg. length of tenure:3 years
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Discover a Financial Counselor's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Financial Counselor typically studied at.
Arizona State University-Tempe
University of Central Florida

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Financial Counselor Employees?
Gender ratio in Financial Counselor position: 0.387957231288689 Male and 0.612042768711311 Female. Age ratio in Financial Counselor position: 16-20: 14%, 21-30: 63%, 31-40: 15%, 41-50: 6%, 51-60: 2%, 60+: 0%. Financial Counselor position is predominantly female (61.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Financial CounselorPhiladelphia, PA - 9 months ago
Most people in their 20s don't have enough experience to counsel others! 😡
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Financial CounselorPhoenix, AZ - 9 months ago
There could be many reasons why there are fewer men in this role. Gender stereotypes? Lack of interest? 😒

Workplaces

Who Are the Top Employers for Financial Counselor?
Top employers of Financial Counselor position: 21st Mortgage Corporation, Cleveland Clinic, Kaiser Permanente. People who work in Financial Counselor position most typically go on to work for the 21st Mortgage Corporation.
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Financial CounselorMiami, FL - 9 months ago
Kaiser Permanente is the worst employer for Financial Counselors, they don't care about their employees! 😡
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Financial CounselorPhiladelphia, PA - 9 months ago
You don't need any qualifications to be a Financial Counselor, just stay away from debt and you'll be fine! 💸
21st Mortgage Corporation
Cleveland Clinic
Kaiser Permanente
What Industries Does Financial Counselor Typically Have Experience In?
Industry Background: The most typical industries of Financial Counselor: Health Care, Education, Finance & Insurance, Professional / Scientific / Technical, Religious / Grantmaking / Civic. Financial Counselor employees most likely come from a Health Care industry background.
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Financial CounselorHouston, TX - 9 months ago
Y'all don't understand the valuable service a Financial Counselor provides. Money management involves more than just basic math skills!
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Financial CounselorMiami, FL - 9 months ago
financial counseling is vital for many people, especially those with medical bills, student loans, and other significant expenses. 🙌

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Discussion about Financial Counselor

Want to know more about Financial Counselor position?
Share your thoughts and ideas about Financial Counselor position with others in our community.
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Do a lot of women work as a Financial Counselor?
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Sophie Hayes3 years ago
Women are more common working as a Financial Counselor.
What is the typical age to work as a Financial Counselor?
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Liam Brown3 years ago
People working as a Financial Counselor are 27 old on average.
Is a Financial Counselor considered to be a senior profession?
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Isabella Holmes3 years ago
You probably need around 6 years to work as a Financial Counselor
Which industries does a Financial Counselor typically work in?
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Sophie Hayes3 years ago
Health Care is the most probable for a Financial Counselor to work in.
Is a higher education needed as a Financial Counselor?
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Liam Brown3 years ago
No higher education could not hurt if you want to be a Financial Counselor
Which company are you working for as a Financial Counselor?
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Liam Brown3 years ago
21st Mortgage Corporation, Cleveland Clinic, Kaiser Permanente, Orlando Health and Zeiders Enterprises employs the most people in the Financial Counselor role.
How long do people usually work as a Financial Counselor when they switch to another position?
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Liam Brown3 years ago
A Financial Counselor typically changes positions after more than 5 years.
Is it frequent for people to switch companies and still work as a Financial Counselor?
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Sophie Hayes3 years ago
A typical Financial Counselor might work for one or two companies.
From which job titles people come from to work as a Financial Counselor?
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Benjamin Gardner3 years ago
Typical prior positions for a Financial Counselor are Customer Service Representative, Patient Access Representative or Office Manager
What are the typical next steps for someone working as a Financial Counselor?
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Benjamin Gardner3 years ago
Customer Service Representative, Administrative Assistant or Office Manager are good next steps for a Financial Counselor
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Disclaimer

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