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The differences between bankruptcy specialists and legal externs 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 a legal extern. Additionally, a legal extern has an average salary of $47,238, 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 a legal extern are litigation, legal intern, and legal issues.
| Bankruptcy Specialist | Legal Extern | |
| Yearly salary | $35,498 | $47,238 |
| Hourly rate | $17.07 | $22.71 |
| Growth rate | 10% | 10% |
| Number of jobs | 4,381 | 10,986 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 68% |
| 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.
Legal externs are law students who took the opportunity to do on-the-job training at a law firm. Instead of monetary compensation, they receive academic credits. Legal externs primarily engage in job shadowing. They are usually assigned mentors in the law firm, and they would shadow their mentors in their daily routines. Legal externs are exposed to the actual work done by lawyers. Legal externs are involved in cases, providing insights while building a solid case for their client, giving advice to clients, and representing clients under the supervision of the actual lawyers in the firm. They are usually not given administrative or clerical tasks since they are expected to do more tasks directly related to being a lawyer.
Bankruptcy specialists and legal externs have different pay scales, as shown below.
| Bankruptcy Specialist | Legal Extern | |
| Average salary | $35,498 | $47,238 |
| Salary range | Between $27,000 And $46,000 | Between $23,000 And $93,000 |
| Highest paying City | Norfolk, VA | Washington, DC |
| Highest paying state | California | New York |
| Best paying company | The PNC Financial Services Group | Jones Day |
| Best paying industry | Finance | Professional |
There are a few differences between a bankruptcy specialist and a legal extern in terms of educational background:
| Bankruptcy Specialist | Legal Extern | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 68% |
| Most common major | Business | Law |
| Most common college | Stanford University | Stanford University |
Here are the differences between bankruptcy specialists' and legal externs' demographics:
| Bankruptcy Specialist | Legal Extern | |
| Average age | 46 | 46 |
| Gender ratio | Male, 31.0% Female, 69.0% | Male, 46.0% Female, 54.0% |
| 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, 5.6% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |