Savings counselor vs finance advisor

The differences between savings counselors and finance advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a savings counselor, becoming a finance advisor takes usually requires 2-4 years. Additionally, a finance advisor has an average salary of $64,993, which is higher than the $53,252 average annual salary of a savings counselor.

The top three skills for a savings counselor include bank products, customer transactions and budget preparation. The most important skills for a finance advisor are team support, wealth management, and securities.

Savings counselor vs finance advisor overview

	Savings Counselor	Finance Advisor
Yearly salary	$53,252	$64,993
Hourly rate	$25.60	$31.25
Growth rate	4%	15%
Number of jobs	27,415	106,311
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 74%
Average age	45	45
Years of experience	2	4

Savings counselor vs finance advisor salary

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

	Savings Counselor	Finance Advisor
Average salary	$53,252	$64,993
Salary range	Between $35,000 And $80,000	Between $34,000 And $121,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Enbridge
Best paying industry	-	Finance

Differences between savings counselor and finance advisor education

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

	Savings Counselor	Finance Advisor
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 74%
Most common major	Business	Business
Most common college	Stanford University	University of Minnesota - Twin Cities

Savings counselor vs finance advisor demographics

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

	Savings Counselor	Finance Advisor
Average age	45	45
Gender ratio	Male, 27.0% Female, 73.0%	Male, 72.3% Female, 27.7%
Race ratio	Black or African American, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.6% White, 63.1% American Indian and Alaska Native, 0.5%	Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%
LGBT Percentage	8%	5%

Differences between savings counselor and finance advisor duties and responsibilities

Savings counselor example responsibilities.

Inform members on HUD/ FHA guidelines.
Prepare budgets for members who are in danger of losing their homes to foreclosure.
Advise homeowners throughout foreclosure procedures.
Remain non-denominational, open, flexible and ecumenical in service to patients while also providing additional resources from local spiritual communities.
Assist borrowers with home retention programs such as HAMP, HAUP, and HAFA and company sponsor mitigation programs.

Finance advisor example responsibilities.

Manage all budget and forecast submissions into Hyperion.
Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Research eligibility and status of all Medicare and Medicaid patients.
Perform portfolio analysis using MorningStar workstation and complete cost basis research project.

Savings counselor vs finance advisor skills

Common savings counselor skills

Bank Products, 11%
Customer Transactions, 10%
Budget Preparation, 9%
ATM, 8%
Credit Reports, 8%
Inbound Calls, 7%

Common finance advisor skills

Team Support, 7%
Wealth Management, 7%
Securities, 6%
Strong Computer, 6%
Financial Services, 6%
Client Facing, 5%