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Finance counselor vs finance assistance advisor

The differences between finance counselors and finance assistance 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 finance assistance advisor. Additionally, a finance assistance advisor has an average salary of $79,349, 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 finance assistance advisor are customer service, financial assistance, and financial data.

Finance counselor vs finance assistance advisor overview

Finance CounselorFinance Assistance Advisor
Yearly salary$40,561$79,349
Hourly rate$19.50$38.15
Growth rate15%15%
Number of jobs101,00599,341
Job satisfaction--
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 69%
Average age4545
Years of experience44

Finance counselor vs finance assistance advisor salary

Finance counselors and finance assistance advisors have different pay scales, as shown below.

Finance CounselorFinance Assistance Advisor
Average salary$40,561$79,349
Salary rangeBetween $32,000 And $50,000Between $42,000 And $147,000
Highest paying CityGlen Cove, NY-
Highest paying stateNew York-
Best paying companyMorgan Stanley-
Best paying industryHealth Care-

Differences between finance counselor and finance assistance advisor education

There are a few differences between a finance counselor and a finance assistance advisor in terms of educational background:

Finance CounselorFinance Assistance Advisor
Most common degreeBachelor's Degree, 47%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance counselor vs finance assistance advisor demographics

Here are the differences between finance counselors' and finance assistance advisors' demographics:

Finance CounselorFinance Assistance Advisor
Average age4545
Gender ratioMale, 21.0% Female, 79.0%Male, 35.5% Female, 64.5%
Race ratioBlack 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, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between finance counselor and finance assistance advisor duties and responsibilities

Finance counselor example responsibilities.

  • Lead cleanup of company database and files with pending patient and insurance payments through Meditech software program.
  • Work one on one with the nurses to insure all patients are registered and treat with dignity and compassion.
  • Develop ad implement in-house software financial aid college work-study program.
  • Collect student paperwork to verify FAFSA applications to award accurate financial aid.
  • Provide excellent customer service reflecting respect and compassion towards every patient and visitor.
  • Interview and train college work-study personnel, and counsele students/parents for eligibility for financial aid.
  • Show more

Finance assistance advisor example responsibilities.

  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Conduct initial and ongoing meetings with prospects and clients profiling and developing comprehensive wealth management strategies.
  • Analyze and test derivative modeling and dynamic hedging methods.

Finance counselor vs finance assistance advisor skills

Common finance counselor skills
  • Patients, 28%
  • Customer Service, 11%
  • Medical Terminology, 6%
  • Insurance Benefits, 5%
  • Insurance Coverage, 4%
  • Payment Arrangements, 4%
Common finance assistance advisor skills
  • Customer Service, 28%
  • Financial Assistance, 13%
  • Financial Data, 13%
  • Financial Aid Eligibility, 11%
  • Financial Aid, 10%
  • Client Service, 3%

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