Branch credit counselor vs finance advisor

The differences between branch credit counselors and finance advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a branch credit counselor, becoming a finance advisor takes usually requires 2-4 years. Additionally, a branch credit counselor has an average salary of $65,902, which is higher than the $64,993 average annual salary of a finance advisor.

The top three skills for a branch credit counselor include loan payments, cross-selling and credit reports. The most important skills for a finance advisor are team support, wealth management, and securities.

Branch credit counselor vs finance advisor overview

	Branch Credit Counselor	Finance Advisor
Yearly salary	$65,902	$64,993
Hourly rate	$31.68	$31.25
Growth rate	10%	15%
Number of jobs	41,102	106,311
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 74%
Average age	45	45
Years of experience	2	4

Branch credit counselor vs finance advisor salary

Branch credit counselors and finance advisors have different pay scales, as shown below.

	Branch Credit Counselor	Finance Advisor
Average salary	$65,902	$64,993
Salary range	Between $41,000 And $103,000	Between $34,000 And $121,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Enbridge
Best paying industry	-	Finance

Differences between branch credit counselor and finance advisor education

There are a few differences between a branch credit counselor and a finance advisor in terms of educational background:

	Branch Credit Counselor	Finance Advisor
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 74%
Most common major	Business	Business
Most common college	California State University - Long Beach	University of Minnesota - Twin Cities

Branch credit counselor vs finance advisor demographics

Here are the differences between branch credit counselors' and finance advisors' demographics:

	Branch Credit Counselor	Finance Advisor
Average age	45	45
Gender ratio	Male, 34.0% Female, 66.0%	Male, 72.3% Female, 27.7%
Race ratio	Black or African American, 6.9% Unknown, 4.5% Hispanic or Latino, 11.2% Asian, 5.2% White, 71.8% American Indian and Alaska Native, 0.5%	Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%
LGBT Percentage	8%	5%

Differences between branch credit counselor and finance advisor duties and responsibilities

Branch credit counselor example responsibilities.

Perform comprehensive financial assessment of homeowners facing financial crisis and at risk of foreclosure.
Represent MMI professionally and effectively to all constituents through participation in professional development programs and through the certification process.

Finance advisor example responsibilities.

Manage all budget and forecast submissions into Hyperion.
Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Research eligibility and status of all Medicare and Medicaid patients.
Perform portfolio analysis using MorningStar workstation and complete cost basis research project.

Branch credit counselor vs finance advisor skills

Common branch credit counselor skills

Loan Payments, 33%
Cross-Selling, 20%
Credit Reports, 20%
Loan Products, 14%
Iras, 12%

Common finance advisor skills

Team Support, 7%
Wealth Management, 7%
Securities, 6%
Strong Computer, 6%
Financial Services, 6%
Client Facing, 5%

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Branch Credit Counselor
Branch Credit Counselor vs Finance Advisor

Updated January 8, 2025

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