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The differences between bankruptcy specialists and associate attorneys can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bankruptcy specialist and an associate attorney. Additionally, an associate attorney has an average salary of $110,053, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a bankruptcy specialist include relief, pacer and foreclosure. The most important skills for an associate attorney are litigation, law firm, and discovery responses.
| Bankruptcy Specialist | Associate Attorney | |
| Yearly salary | $35,498 | $110,053 |
| Hourly rate | $17.07 | $52.91 |
| Growth rate | 10% | 10% |
| Number of jobs | 4,381 | 9,183 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Doctoral Degree, 57% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
An associate attorney's role is to provide legal counseling to an individual or business entity, resolve legal disputes through crafting agreements and negotiating contract terms, and serving as an advisor or advocate. Most associate attorneys work at law firms or government agencies, supervised by more experienced personnel. Among the duties of an associate attorney includes conducting extensive research on every case, presenting factual evidence and statements, producing the legal and necessary documentation, and representing clients in formal settings.
Bankruptcy specialists and associate attorneys have different pay scales, as shown below.
| Bankruptcy Specialist | Associate Attorney | |
| Average salary | $35,498 | $110,053 |
| Salary range | Between $27,000 And $46,000 | Between $70,000 And $170,000 |
| Highest paying City | Norfolk, VA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | The PNC Financial Services Group | Schiff Hardin |
| Best paying industry | Finance | Professional |
There are a few differences between a bankruptcy specialist and an associate attorney in terms of educational background:
| Bankruptcy Specialist | Associate Attorney | |
| Most common degree | Bachelor's Degree, 50% | Doctoral Degree, 57% |
| Most common major | Business | Law |
| Most common college | Stanford University | Stanford University |
Here are the differences between bankruptcy specialists' and associate attorneys' demographics:
| Bankruptcy Specialist | Associate Attorney | |
| Average age | 46 | 46 |
| Gender ratio | Male, 31.0% Female, 69.0% | Male, 57.1% Female, 42.9% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% | Black or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |