Working as a Bankruptcy Specialist

There is more than meets the eye when it comes to being a bankruptcy specialist. For example, did you know that they make an average of $15.52 an hour? That's $32,274 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 50,100 job opportunities across the U.S.

What Does a Bankruptcy Specialist Do

There are certain skills that many bankruptcy specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, problem-solving skills and research skills.

When it comes to the most important skills required to be a bankruptcy specialist, we found that a lot of resumes listed 23.7% of bankruptcy specialists included bankruptcy, while 6.7% of resumes included relief, and 5.8% of resumes included legal documents. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the bankruptcy specialist job title. But what industry to start with? Most bankruptcy specialists actually find jobs in the finance and professional industries.

How To Become a Bankruptcy Specialist

If you're interested in becoming a bankruptcy specialist, one of the first things to consider is how much education you need. We've determined that 37.7% of bankruptcy specialists have a bachelor's degree. In terms of higher education levels, we found that 9.0% of bankruptcy specialists have master's degrees. Even though some bankruptcy specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a bankruptcy specialist. When we researched the most common majors for a bankruptcy specialist, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on bankruptcy specialist resumes include associate degree degrees or master's degree degrees.

You may find that experience in other jobs will help you become a bankruptcy specialist. In fact, many bankruptcy specialist jobs require experience in a role such as customer service representative. Meanwhile, many bankruptcy specialists also have previous career experience in roles such as administrative assistant or legal assistant.

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Average Salary$32,274
Job Growth Rate6%

Bankruptcy Specialist Career Paths

Top Careers Before Bankruptcy Specialist

Top Careers After Bankruptcy Specialist

Analyst
7.0 %

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Average Salary for a Bankruptcy Specialist

Bankruptcy Specialists in America make an average salary of $32,274 per year or $16 per hour. The top 10 percent makes over $43,000 per year, while the bottom 10 percent under $23,000 per year.
Average Salary
$32,274

Best Paying Cities

City
Average Salary
Moorpark, CA
Salary Range34k - 62k$46k$46,460
Norfolk, VA
Salary Range32k - 57k$43k$42,871
Ewing, NJ
Salary Range30k - 57k$42k$42,107
Wilson, NC
Salary Range28k - 49k$38k$37,814
Dallas, TX
Salary Range28k - 49k$38k$37,536
Atlanta, GA
Salary Range26k - 45k$35k$35,041
$20k
$62k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Bankruptcy Specialist
Bankruptcy Specialist
Robert Half
Robert Half
01/21/2021
01/21/2021
$25,04401/21/2021
$25,044
Bankruptcy Specialist
Bankruptcy Specialist
Randstad
Randstad
01/15/2021
01/15/2021
$30,00001/15/2021
$30,000
Bankruptcy Specialist
Bankruptcy Specialist
Randstad
Randstad
11/20/2020
11/20/2020
$32,34911/20/2020
$32,349
Bankruptcy Specialist
Bankruptcy Specialist
Randstad
Randstad
10/16/2020
10/16/2020
$32,34910/16/2020
$32,349
Bankruptcy Specialist
Bankruptcy Specialist
Randstad
Randstad
09/15/2020
09/15/2020
$32,34909/15/2020
$32,349
See More Recent Salaries

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Bankruptcy Specialist Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Bankruptcy Specialist. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Bankruptcy Specialist Resume

At Zippia, we went through countless Bankruptcy Specialist resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Bankruptcy Specialist Demographics

Gender

female

67.6 %

male

28.2 %

unknown

4.2 %

Ethnicity

White

79.6 %

Hispanic or Latino

7.1 %

Black or African American

5.6 %

Foreign Languages Spoken

Spanish

66.1 %

Italian

6.5 %

Chinese

3.2 %
See More Demographics

Bankruptcy Specialist Education

Majors

Business
31.3 %

Degrees

Bachelors

37.7 %

High School Diploma

19.7 %

Associate

19.2 %

Top Colleges for Bankruptcy Specialists

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

9. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

10. Duke University

Durham, NC • Private

In-State Tuition
$55,695
Enrollment
6,596
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Bankruptcy Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 23.7% of bankruptcy specialists listed bankruptcy on their resume, but soft skills such as interpersonal skills and problem-solving skills are important as well.

Best States For a Bankruptcy Specialist

Some places are better than others when it comes to starting a career as a bankruptcy specialist. The best states for people in this position are Connecticut, Massachusetts, New York, and California. Bankruptcy specialists make the most in Connecticut with an average salary of $50,862. Whereas in Massachusetts and New York, they would average $50,169 and $49,244, respectively. While bankruptcy specialists would only make an average of $46,574 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Massachusetts

Total Bankruptcy Specialist Jobs:
379
Highest 10% Earn:
$87,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Rhode Island

Total Bankruptcy Specialist Jobs:
56
Highest 10% Earn:
$72,000
Location Quotient:
1.55
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Bankruptcy Specialist Jobs:
503
Highest 10% Earn:
$89,000
Location Quotient:
0.94
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Bankruptcy Specialist Employers

1. Wells Fargo
4.7
Avg. Salary: 
$31,408
Bankruptcy Specialists Hired: 
387+
2. Bank of America
4.8
Avg. Salary: 
$31,407
Bankruptcy Specialists Hired: 
339+
3. Citi
4.8
Avg. Salary: 
$31,397
Bankruptcy Specialists Hired: 
198+
4. JPMorgan Chase
4.9
Avg. Salary: 
$31,400
Bankruptcy Specialists Hired: 
134+
5. HSBC North America Holdings
4.9
Avg. Salary: 
$41,662
Bankruptcy Specialists Hired: 
88+
6. SunTrust Banks
4.8
Avg. Salary: 
$31,408
Bankruptcy Specialists Hired: 
57+

Bankruptcy Specialist Videos

Updated October 2, 2020