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Job outlook for finance aid advisors in the United States
Finance aid advisor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected finance aid advisor job growth rate is 7% from 2018-2028.
About 15,500 new jobs for finance aid advisors are projected over the next decade.
Finance aid advisor salaries have increased 4% for finance aid advisors in the last 5 years.
There are over 17,326 finance aid advisors currently employed in the United States.
There are 127,378 active finance aid advisor job openings in the US.
The average finance aid advisor salary is $37,791.
Are finance aid advisor jobs in demand?
Finance aid advisor job and salary trends over time
Finance aid advisor jobs over time
Finance aid advisor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 17,326 | 0.01% |
| 2020 | 17,071 | 0.01% |
| 2019 | 17,814 | 0.01% |
| 2018 | 19,828 | 0.01% |
| 2017 | 19,917 | 0.01% |
Average finance aid advisor salary over time
Finance aid advisor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $37,791 | $18.17 | +0.5% |
| 2025 | $37,611 | $18.08 | +1.7% |
| 2024 | $36,980 | $17.78 | +1.1% |
| 2023 | $36,596 | $17.59 | +0.7% |
| 2022 | $36,326 | $17.46 | +1.2% |
Finance aid advisor jobs by state
Most common states for finance aid advisors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Connecticut | 3,588,184 | 964 | 27% |
| 2 | Massachusetts | 6,859,819 | 1,778 | 26% |
| 3 | Minnesota | 5,576,606 | 1,346 | 24% |
| 4 | Delaware | 961,939 | 231 | 24% |
| 5 | Illinois | 12,802,023 | 2,847 | 22% |
| 6 | New Jersey | 9,005,644 | 1,848 | 21% |
| 7 | Virginia | 8,470,020 | 1,795 | 21% |
| 8 | Oregon | 4,142,776 | 875 | 21% |
| 9 | District of Columbia | 693,972 | 148 | 21% |
| 10 | Washington | 7,405,743 | 1,499 | 20% |
| 11 | Utah | 3,101,833 | 621 | 20% |
| 12 | North Dakota | 755,393 | 154 | 20% |
| 13 | Wisconsin | 5,795,483 | 1,124 | 19% |
| 14 | Rhode Island | 1,059,639 | 206 | 19% |
| 15 | Wyoming | 579,315 | 111 | 19% |
| 16 | Tennessee | 6,715,984 | 1,193 | 18% |
| 17 | Missouri | 6,113,532 | 1,114 | 18% |
| 18 | Colorado | 5,607,154 | 1,006 | 18% |
| 19 | New Hampshire | 1,342,795 | 236 | 18% |
| 20 | New York | 19,849,399 | 3,283 | 17% |
Most common cities for finance aid advisors
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Alhambra | 1 | 1% | $44,639 |
| 2 | Pasadena | 1 | 1% | $44,622 |
| 3 | Pembroke Pines | 1 | 1% | $38,904 |
| 4 | Waterloo | 1 | 1% | $35,572 |
| 5 | Chicago | 2 | 0% | $36,368 |
| 6 | Denver | 2 | 0% | $38,404 |
| 7 | Anchorage | 1 | 0% | $44,105 |
| 8 | Boston | 1 | 0% | $41,610 |
| 9 | Buffalo | 1 | 0% | $47,518 |
| 10 | Los Angeles | 1 | 0% | $44,733 |
| 11 | Phoenix | 1 | 0% | $31,980 |
| 12 | Sacramento | 1 | 0% | $44,309 |
| 13 | Saint Petersburg | 1 | 0% | $38,925 |
| 14 | Washington | 1 | 0% | $45,847 |
Finance Aid Advisor job outlook: Expert opinions
Our panel of finance aid advisor experts
Manhattan College
Fairfield University
University of Oregon
American University
Pacific Lutheran University
University of Nevada - Las Vegas
Lincoln University
University of Texas at El Paso
What general advice would you give to a Finance Aid Advisor?
Dr. Natalia Boliari PhD: First, learn everything about the company you just started working for - its historical path, management, the way it's dealt with crises, etc. Second, learn everything about the specific industry the company belongs to and see how the company has developed relative to the development of the industry domestically and internationally. Third, always be extremely alert to notice new opportunities and be prepared to take calculated risks. That is, actively look for opportunities to complete as many and diverse tasks as possible, and volunteer to complete any type of work regardless of whether it seems relevant to your assigned job or not. Opportunities to learn, grow, and improve and thus to maximize your income, will only come up if you are exposed to diverse situations.
What Finance Aid Advisor skills would you recommend for someone trying to advance their career?
Dr. Natalia Boliari PhD: Be open minded. Finance is the broad definition of an industry which provides opportunities for careers in financial consultancy, financial analysis, stock brokerage, foreign investment, modeling, exchange rate forecasts, and many more. While most of those careers are attributed to the banking industry, you can find those and others in other sectors of the economy, such as insurance, technology, health care/medical, government, and so on. So, be open and look beyond the banking sector, examine the current and predicted trends in the economy to hunt for exciting career options.
What general advice would you give to a Finance Aid Advisor?
John McDermott Ph.D.: To maximize your salary potential, keep learning, investing in your human capital, and expanding your capabilities. Learn as much as you can about your new position and industry, work with a variety of people at your firm, and seek opportunities outside your comfort zone. Your salary potential will increase as you are recognized as a capable and hard working colleague.
What will help Finance Aid Advisors increase their earning potential?
Clemens Kownatzki PhD, MBA: As a beginner in any field, it pays to listen more than to talk. Be humble, pay attention, be nice to folks and probably most helpful is having a mentor who can guide you along and show you some best practices for navigating your career. You should take advantage of your education, not just to show a piece of paper that says you graduated but think of every single project, essay or paper that you write as part of a portfolio that demonstrates your skill sets. Especially in finance where we can sometimes be enamored with the beauty of a mathematical model, think about how any model should be applied in the real world. In some cases that might mean that you have to “get your hands on the wheel and learn how to drive.” I am not suggesting that you should put all your savings at risk and buy the next iteration of the latest cryptocurrency, but If you’re interested in a career in investing, put a small amount of money at risk and trade a stock, or if you must trade a few dollars’ worth of Bitcoin or Ether – as much as you would risk for a movie ticket seems reasonable. There are lots of virtual trading apps where you can trade with paper money, but there’s nothing like understanding risk when your own dollars are at stake, even if it’s just a few dollars. You should also absorb all the workshops, seminars and resources available out there. Follow Prof. Aswath Damodaran who has a YouTube Channel and hundreds of spreadsheets with financial models, all for free! Also follow some good content providers on various channels to get additional insights – in the field of finance, you need to be up-to-date on all events because those influence markets and the economy. Be ready to continue learning and update your skills and understanding while you’re working. Education doesn’t end after you finish your degree. All successful people are life-long learners.
Z. Jay Wang
Department Head, Associate Professor of FinanceUniversity of Oregon
Finance And Financial Management Services
What will help Finance Aid Advisors increase their earning potential?
Z. Jay Wang: Students who have a history of doing work in the field outside the classroom either through internships, industry projects, or school-sponsored clubs managing financial decisions are better poised to maximize starting salary potential. Starting early to secure internships with top companies will also position students well for higher earning potential. Most top banks and firms will post internships from April/May to August, and close by the end of September for the following summer. They are also rolling, so may fill the roles by as early as June of the sophomore year for the following summer after junior year. Finally, networking with industry and alumni professionals in the companies, firms, banks prior to applying for an internship or full-time position will have an impact. The candidate will learn more about the opportunity and company culture for their resume and potential interview, and most top companies in finance will have a referral program. If the candidate impresses the internal connection with excellent questions and strategic answers, they may get a referral that moves them up in the stacks of applicants.
Octavian Ionici PhD
Sr. Lecturer in FinanceAmerican University
Finance And Financial Management Services
What Finance Aid Advisor skills would you recommend for someone trying to advance their career?
Octavian Ionici PhD: The finance profession is lucrative, rewarding and very competitive. Graduates should do their research about the organization they are interviewing with and be able to discuss how their skills can contribute to the business. They should also know if they would rather interact with people and clients or if they are drawn to intellectual pursuits such as analysis. Do they value power, prestige status, risk, or something else? Ultimately our core values, personal goals, interests, aptitudes, and personality will shape our career paths.
Being able to articulate what sparked their interest in the financial field and why they are interested in a chosen role will be an advantage during the hiring process. While still in college, students should join a professional association like the Financial Management Association to give them more access to that broad network, as well as access to career development resources that can set them apart from the crowd.
It's also critical to get an internship (paid or unpaid) in order to show some real-life experience. They can do this while they are still in college, during the summers, or even afterwards, to get a foot in the door.
Reading the WSJ and FT daily, and listening to Bloomberg, or other financial programs as a regular practice will help them to have fluency in the language of our profession. Because the finance sector is heavily regulated and changes occur due to changing economic and political conditions, they will need to stay updated with those changes. Financial media sources will help bring them that context to stay up to date on all of these moving parts.
What will help Finance Aid Advisors increase their earning potential?
Dr. Kimberly Gaither: Maximize your salary potential by asking questions and learning as quickly as possible. Be a good communicator with those above and below you as well as your peers. Be dependable. Persons who show up early and work hard will be valued and rewarded.
Fang Lin
Assistant Professor of FinancePacific Lutheran University
Finance And Financial Management Services
What Finance Aid Advisor skills would you recommend for someone trying to advance their career?
Fang Lin: Don't be afraid to negotiate your starting salary. Young journalists have a lot to offer newsrooms through social media skills and a willingness to adapt to new technologies such as artificial intelligence. Technology skills have value and should not be undersold. Also, young journalism students should not discount the value of their student media and internship experiences. Young journalists must use everything on their resumes to show how they bring value to their position and ask to be compensated fairly for the work they will contribute to the newsroom's success.
John Clark Ph.D., CFA, CFP
Chair, Dept. of FinanceUniversity of Nevada - Las Vegas
Geological And Earth Sciences/Geosciences
What general advice would you give to a Finance Aid Advisor?
John Clark Ph.D., CFA, CFP: Show you have experience. Doing an internship is a great way to increase your starting salary. I always advocate for doing applied research, this is research that you can show has implications for society - science for the sake of science is not good science! Obtaining an MS degree is also a good way to increase your salary, especially if your MS degree is relevant to your future job.
Will there be an enduring impact of the coronavirus pandemic on Finance Aid Advisors?
Dr. Mikhail Brodsky Ph.D.: Of course, everybody and everything are negatively influenced by COVID. Quality of education and employment options are down.
What are the biggest trends we'll see in the Finance Aid Advisor job market given the pandemic?
Dr. Frank Cabano Ph.D.: I think maybe the biggest trend that we will continue to see is that employers are going to hire more employees to work completely from home, even after the pandemic ends. Many employers have realized the advantages of having their employees work virtually during the pandemic, and it is expected that they will continue to operate in this fashion even after it is safe to return to work in physical spaces. Therefore, I think they will continue to hire employees who can live anywhere in the world and work remotely from home.