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The differences between housing counselors and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a housing counselor and a bankruptcy specialist. Additionally, a housing counselor has an average salary of $78,730, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a housing counselor include litigation, in-house counsel and social work. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Housing Counselor | Bankruptcy Specialist | |
| Yearly salary | $78,730 | $35,498 |
| Hourly rate | $37.85 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 33,639 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
A Housing Counselor works directly with clients and organizations to support moderate and low-income clients in overcoming barriers to housing and financial stability. They represent the homeowner in interventions and/or mediation proceedings with the mortgage servicer, lender, and/or other stakeholders.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Housing counselors and bankruptcy specialists have different pay scales, as shown below.
| Housing Counselor | Bankruptcy Specialist | |
| Average salary | $78,730 | $35,498 |
| Salary range | Between $42,000 And $144,000 | Between $27,000 And $46,000 |
| Highest paying City | Glen Cove, NY | Norfolk, VA |
| Highest paying state | Connecticut | California |
| Best paying company | PREIT | The PNC Financial Services Group |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a housing counselor and a bankruptcy specialist in terms of educational background:
| Housing Counselor | Bankruptcy Specialist | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between housing counselors' and bankruptcy specialists' demographics:
| Housing Counselor | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.8% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |