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The differences between finance consultants and finance counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance consultant and a finance counselor. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $40,561 average annual salary of a finance counselor.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a finance counselor are patients, customer service, and medical terminology.
| Finance Consultant | Finance Counselor | |
| Yearly salary | $77,551 | $40,561 |
| Hourly rate | $37.28 | $19.50 |
| Growth rate | 15% | 15% |
| Number of jobs | 94,259 | 101,005 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 47% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.
A finance counselor specializes in providing billing advice to patients in a hospital or similar setting. They are primarily responsible for giving cost-estimates and offering financial assistance in payment plans and other options such as insurance. Moreover, they must gather patient information and requirements, verifying them for authenticity. They must also review financial and medical history to ensure that the patient can uphold financial obligations. Furthermore, it is essential to build rapport with clients to improve relationships.
Finance consultants and finance counselors have different pay scales, as shown below.
| Finance Consultant | Finance Counselor | |
| Average salary | $77,551 | $40,561 |
| Salary range | Between $54,000 And $110,000 | Between $32,000 And $50,000 |
| Highest paying City | New York, NY | Glen Cove, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Morgan Stanley |
| Best paying industry | Technology | Health Care |
There are a few differences between a finance consultant and a finance counselor in terms of educational background:
| Finance Consultant | Finance Counselor | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance consultants' and finance counselors' demographics:
| Finance Consultant | Finance Counselor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 21.0% Female, 79.0% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% | 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 Percentage | 5% | 5% |