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Certified personal finance counselor vs finance counselor

The differences between certified personal finance counselors and finance counselors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a certified personal finance counselor, becoming a finance counselor takes usually requires 2-4 years. Additionally, a certified personal finance counselor has an average salary of $48,474, which is higher than the $40,561 average annual salary of a finance counselor.

The top three skills for a certified personal finance counselor include money management, credit management and interest rates. The most important skills for a finance counselor are patients, customer service, and medical terminology.

Certified personal finance counselor vs finance counselor overview

Certified Personal Finance CounselorFinance Counselor
Yearly salary$48,474$40,561
Hourly rate$23.30$19.50
Growth rate15%15%
Number of jobs139,819101,005
Job satisfaction--
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 47%
Average age4545
Years of experience24

Certified personal finance counselor vs finance counselor salary

Certified personal finance counselors and finance counselors have different pay scales, as shown below.

Certified Personal Finance CounselorFinance Counselor
Average salary$48,474$40,561
Salary rangeBetween $32,000 And $71,000Between $32,000 And $50,000
Highest paying City-Glen Cove, NY
Highest paying state-New York
Best paying company-Morgan Stanley
Best paying industry-Health Care

Differences between certified personal finance counselor and finance counselor education

There are a few differences between a certified personal finance counselor and a finance counselor in terms of educational background:

Certified Personal Finance CounselorFinance Counselor
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 47%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Certified personal finance counselor vs finance counselor demographics

Here are the differences between certified personal finance counselors' and finance counselors' demographics:

Certified Personal Finance CounselorFinance Counselor
Average age4545
Gender ratioMale, 40.8% Female, 59.2%Male, 21.0% Female, 79.0%
Race ratioBlack or African American, 9.6% Unknown, 4.5% Hispanic or Latino, 16.7% Asian, 4.8% White, 64.0% American Indian and Alaska Native, 0.5%Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.1% Asian, 5.8% White, 73.4% American Indian and Alaska Native, 0.1%
LGBT Percentage8%5%

Differences between certified personal finance counselor and finance counselor duties and responsibilities

Certified personal finance counselor example responsibilities.

  • Lead cleanup of company database and files with pending patient and insurance payments through Meditech software program.
  • Provide assistance to uninsure patients and families in completing and filing Medicaid or assistance program applications with the appropriate agency.
  • Represent MMI professionally and effectively to all constituents through participation in professional development programs and through the certification process.

Finance counselor example responsibilities.

  • Lead cleanup of company database and files with pending patient and insurance payments through Meditech software program.
  • Work one on one with the nurses to insure all patients are registered and treat with dignity and compassion.
  • Develop ad implement in-house software financial aid college work-study program.
  • Collect student paperwork to verify FAFSA applications to award accurate financial aid.
  • Provide excellent customer service reflecting respect and compassion towards every patient and visitor.
  • Interview and train college work-study personnel, and counsele students/parents for eligibility for financial aid.
  • Show more

Certified personal finance counselor vs finance counselor skills

Common certified personal finance counselor skills
  • Money Management, 55%
  • Credit Management, 22%
  • Interest Rates, 22%
  • Customer Service, 0%
  • Inbound Calls, 0%
  • Debt Management, 0%
Common finance counselor skills
  • Patients, 28%
  • Customer Service, 11%
  • Medical Terminology, 6%
  • Insurance Benefits, 5%
  • Insurance Coverage, 4%
  • Payment Arrangements, 4%

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