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Individual pension consultant vs finance counselor

The differences between individual pension consultants and finance counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an individual pension consultant and a finance counselor. Additionally, an individual pension consultant has an average salary of $43,775, which is higher than the $40,561 average annual salary of a finance counselor.

The top three skills for an individual pension consultant include financial issues, insurance products and life insurance. The most important skills for a finance counselor are patients, customer service, and medical terminology.

Individual pension consultant vs finance counselor overview

Individual Pension ConsultantFinance Counselor
Yearly salary$43,775$40,561
Hourly rate$21.05$19.50
Growth rate15%15%
Number of jobs8,112101,005
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 47%
Average age4545
Years of experience44

Individual pension consultant vs finance counselor salary

Individual pension consultants and finance counselors have different pay scales, as shown below.

Individual Pension ConsultantFinance Counselor
Average salary$43,775$40,561
Salary rangeBetween $26,000 And $73,000Between $32,000 And $50,000
Highest paying City-Glen Cove, NY
Highest paying state-New York
Best paying company-Morgan Stanley
Best paying industry-Health Care

Differences between individual pension consultant and finance counselor education

There are a few differences between an individual pension consultant and a finance counselor in terms of educational background:

Individual Pension ConsultantFinance Counselor
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 47%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Individual pension consultant vs finance counselor demographics

Here are the differences between individual pension consultants' and finance counselors' demographics:

Individual Pension ConsultantFinance Counselor
Average age4545
Gender ratioMale, 59.8% Female, 40.2%Male, 21.0% Female, 79.0%
Race ratioBlack 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%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%
LGBT Percentage5%5%

Differences between individual pension consultant and finance counselor duties and responsibilities

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

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

Individual pension consultant vs finance counselor skills

Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%
Common finance counselor skills
  • Patients, 28%
  • Customer Service, 11%
  • Medical Terminology, 6%
  • Insurance Benefits, 5%
  • Insurance Coverage, 4%
  • Payment Arrangements, 4%

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