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The differences between finance counselors and finance aid counselors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance counselor, becoming a finance aid counselor takes usually requires 1-2 years. Additionally, a finance counselor has an average salary of $40,561, which is higher than the $37,672 average annual salary of a finance aid counselor.
The top three skills for a finance counselor include patients, customer service and medical terminology. The most important skills for a finance aid counselor are financial assistance, customer service, and financial aid programs.
| Finance Counselor | Finance Aid Counselor | |
| Yearly salary | $40,561 | $37,672 |
| Hourly rate | $19.50 | $18.11 |
| Growth rate | 15% | 15% |
| Number of jobs | 101,005 | 118,072 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 66% |
| Average age | 45 | 45 |
| Years of experience | 4 | 2 |
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.
Financial aid counselors are professionals who are responsible for providing advice to students and parents regarding various institutional financial aid programs. By following state and university guidelines, financial aid counselors are required to award funds from various controlled programs to students by ensuring the optimal use of financial aid funds. These counselors must assist students to complete all the appropriate and required forms to ensure the proper application process for financial aid. They must also assist the financial aid coordinator to make sure that their department is running smoothly.
Finance counselors and finance aid counselors have different pay scales, as shown below.
| Finance Counselor | Finance Aid Counselor | |
| Average salary | $40,561 | $37,672 |
| Salary range | Between $32,000 And $50,000 | Between $29,000 And $47,000 |
| Highest paying City | Glen Cove, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Morgan Stanley | The American Musical and Dramatic Academy |
| Best paying industry | Health Care | Education |
There are a few differences between a finance counselor and a finance aid counselor in terms of educational background:
| Finance Counselor | Finance Aid Counselor | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between finance counselors' and finance aid counselors' demographics:
| Finance Counselor | Finance Aid Counselor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 21.0% Female, 79.0% | Male, 28.2% Female, 71.8% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 5% | 8% |