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The differences between finance counselors and finance coordinators 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 coordinator takes usually requires 4-6 years. Additionally, a finance coordinator has an average salary of $49,358, 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 coordinator are patients, customer service, and payroll.
| Finance Counselor | Finance Coordinator | |
| Yearly salary | $40,561 | $49,358 |
| Hourly rate | $19.50 | $23.73 |
| Growth rate | 15% | -5% |
| Number of jobs | 101,005 | 106,187 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 58% |
| Average age | 45 | 51 |
| Years of experience | 4 | 6 |
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 coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.
Finance counselors and finance coordinators have different pay scales, as shown below.
| Finance Counselor | Finance Coordinator | |
| Average salary | $40,561 | $49,358 |
| Salary range | Between $32,000 And $50,000 | Between $34,000 And $71,000 |
| Highest paying City | Glen Cove, NY | Washington, DC |
| Highest paying state | New York | Maryland |
| Best paying company | Morgan Stanley | McKinsey & Company Inc |
| Best paying industry | Health Care | Professional |
There are a few differences between a finance counselor and a finance coordinator in terms of educational background:
| Finance Counselor | Finance Coordinator | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance counselors' and finance coordinators' demographics:
| Finance Counselor | Finance Coordinator | |
| Average age | 45 | 51 |
| Gender ratio | Male, 21.0% Female, 79.0% | Male, 22.1% Female, 77.9% |
| 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 5% | 7% |