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The differences between finance counselors and client advisors 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 counselor and a client advisor. Additionally, a client advisor has an average salary of $71,135, which is higher than the $40,561 average annual salary of a finance counselor.
The top three skills for a finance counselor include patients, customer service and medical terminology. The most important skills for a client advisor are customer service, business development, and CRM.
| Finance Counselor | Client Advisor | |
| Yearly salary | $40,561 | $71,135 |
| Hourly rate | $19.50 | $34.20 |
| Growth rate | 15% | 15% |
| Number of jobs | 101,005 | 86,363 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 64% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
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.
A client advisor is responsible for managing and maintaining healthy business relationships with clients to achieve long-term business goals and objectives. Client advisors advise the senior management in building strategic techniques and identify business opportunities that would generate more revenue resources and increase the company's profits. They also monitor business and financial transactions and analyze client portfolios to determine their needs and interests, recommending plans and coordinating with the senior management to achieve the highest client satisfaction.
Finance counselors and client advisors have different pay scales, as shown below.
| Finance Counselor | Client Advisor | |
| Average salary | $40,561 | $71,135 |
| Salary range | Between $32,000 And $50,000 | Between $40,000 And $123,000 |
| Highest paying City | Glen Cove, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Morgan Stanley | BP America Inc |
| Best paying industry | Health Care | - |
There are a few differences between a finance counselor and a client advisor in terms of educational background:
| Finance Counselor | Client Advisor | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Minnesota - Twin Cities |
Here are the differences between finance counselors' and client advisors' demographics:
| Finance Counselor | Client Advisor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 21.0% Female, 79.0% | Male, 66.8% Female, 33.2% |
| Race ratio | 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% | Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.5% White, 71.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |