Debt management counselor vs certified personal finance counselor

The differences between debt management counselors and certified personal finance counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a debt management counselor and a certified personal finance counselor. Additionally, a debt management counselor has an average salary of $58,503, which is higher than the $48,474 average annual salary of a certified personal finance counselor.

The top three skills for a debt management counselor include legal advice, in-house and risk management. The most important skills for a certified personal finance counselor are money management, credit management, and interest rates.

Debt management counselor vs certified personal finance counselor overview

	Debt Management Counselor	Certified Personal Finance Counselor
Yearly salary	$58,503	$48,474
Hourly rate	$28.13	$23.30
Growth rate	10%	15%
Number of jobs	88,981	139,819
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 46%
Average age	45	45
Years of experience	2	2

Debt management counselor vs certified personal finance counselor salary

Debt management counselors and certified personal finance counselors have different pay scales, as shown below.

	Debt Management Counselor	Certified Personal Finance Counselor
Average salary	$58,503	$48,474
Salary range	Between $41,000 And $81,000	Between $32,000 And $71,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between debt management counselor and certified personal finance counselor education

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

	Debt Management Counselor	Certified Personal Finance Counselor
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 46%
Most common major	Law	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Debt management counselor vs certified personal finance counselor demographics

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

	Debt Management Counselor	Certified Personal Finance Counselor
Average age	45	45
Gender ratio	Male, 39.9% Female, 60.1%	Male, 40.8% Female, 59.2%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.7% American Indian and Alaska Native, 0.5%	Black 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%
LGBT Percentage	8%	8%

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

Debt management counselor example responsibilities.

Manage the dispute resolution/litigation process; responding to and resolving threaten litigation; responding to subpoenas and regulatory inquiries and investigations.
Manage the dispute resolution/litigation process; responding to and resolving threaten litigation; responding to subpoenas and regulatory inquiries and investigations.
Represent MMI professionally and effectively to all constituents through participation in professional development programs and through the certification process.

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.

Debt management counselor vs certified personal finance counselor skills

Common debt management counselor skills

Legal Advice, 16%
In-House, 12%
Risk Management, 11%
Litigation, 9%
Real Estate, 9%
Legal Issues, 8%

Common certified personal finance counselor skills

Money Management, 55%
Credit Management, 22%
Interest Rates, 22%
Customer Service, 0%
Inbound Calls, 0%
Debt Management, 0%

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Debt Management Counselor
Debt Management Counselor vs Certified Personal Finance Counselor

Updated January 8, 2025

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