Finance coach vs finance planner

The differences between finance coaches and finance planners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance coach, becoming a finance planner takes usually requires 2-4 years. Additionally, a finance planner has an average salary of $71,607, which is higher than the $48,165 average annual salary of a finance coach.

The top three skills for a finance coach include money management, financial stability and financial services. The most important skills for a finance planner are financial aid, financial services, and client facing.

Finance coach vs finance planner overview

	Finance Coach	Finance Planner
Yearly salary	$48,165	$71,607
Hourly rate	$23.16	$34.43
Growth rate	17%	15%
Number of jobs	82,301	91,557
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 73%
Average age	46	45
Years of experience	8	4

Finance coach vs finance planner salary

Finance coaches and finance planners have different pay scales, as shown below.

	Finance Coach	Finance Planner
Average salary	$48,165	$71,607
Salary range	Between $28,000 And $80,000	Between $42,000 And $120,000
Highest paying City	-	Springfield, MA
Highest paying state	-	Massachusetts
Best paying company	-	Northern Trust
Best paying industry	-	Insurance

Differences between finance coach and finance planner education

There are a few differences between a finance coach and a finance planner in terms of educational background:

	Finance Coach	Finance Planner
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Finance coach vs finance planner demographics

Here are the differences between finance coaches' and finance planners' demographics:

	Finance Coach	Finance Planner
Average age	46	45
Gender ratio	Male, 39.5% Female, 60.5%	Male, 62.0% Female, 38.0%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.2% Asian, 8.8% White, 63.7% American Indian and Alaska Native, 0.3%	Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.4% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage	11%	5%

Differences between finance coach and finance planner duties and responsibilities

Finance coach example responsibilities.

Manage financial statements and work independently to produce accurate records for petty cash, bank reconciliations, and data inventory.
Review home buying information with clients and discuss HUD programs available.
Carry out office objectives while constantly reviewing company program guidelines and HUD funding conditions essential to reaching company goals.
Compile capital vendor lists, analyze bank reconciliations, process goods receipt/invoice reports, and generate company codes while extensively learning excel
Adhere to federal, IRS, federal reserve, lending, OFAC & NCUA regulations.
Process accounts payable for company including cutting checks, setting up ACH payments, processing positive pay and check exceptions.

Finance planner example responsibilities.

Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Represent a large brokerage firm for products and services through direct sales.
Educate clients in tax implications for products that include mutual funds, securities, and retirement plans.
Redesign the existing report from a value-base manual effort to a Hyperion driven report, vastly improving both efficiency and accuracy.
Gain additional responsibility as a season FSR.

Finance coach vs finance planner skills

Common finance coach skills

Money Management, 17%
Financial Stability, 11%
Financial Services, 10%
Financial Management, 8%
Financial Products, 6%
Community Outreach, 6%

Common finance planner skills

Financial Aid, 21%
Financial Services, 9%
Client Facing, 8%
Retirement Planning, 7%
Estate Planning, 6%
Life Insurance, 6%