Savings counselor vs finance counselor

The differences between savings counselors and finance counselors 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 counselor takes usually requires 2-4 years. Additionally, a savings counselor has an average salary of $53,252, which is higher than the $40,561 average annual salary of a finance counselor.

The top three skills for a savings counselor include bank products, customer transactions and budget preparation. The most important skills for a finance counselor are patients, customer service, and medical terminology.

Savings counselor vs finance counselor overview

	Savings Counselor	Finance Counselor
Yearly salary	$53,252	$40,561
Hourly rate	$25.60	$19.50
Growth rate	4%	15%
Number of jobs	27,415	101,005
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 47%
Average age	45	45
Years of experience	2	4

Savings counselor vs finance counselor salary

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

	Savings Counselor	Finance Counselor
Average salary	$53,252	$40,561
Salary range	Between $35,000 And $80,000	Between $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 savings counselor and finance counselor education

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

	Savings Counselor	Finance Counselor
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Savings counselor vs finance counselor demographics

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

	Savings Counselor	Finance Counselor
Average age	45	45
Gender ratio	Male, 27.0% Female, 73.0%	Male, 21.0% Female, 79.0%
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, 6.1% Unknown, 4.4% Hispanic or Latino, 10.1% Asian, 5.8% White, 73.4% American Indian and Alaska Native, 0.1%
LGBT Percentage	8%	5%

Differences between savings counselor and finance counselor 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 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.

Savings counselor vs finance counselor skills

Common savings counselor skills

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

Common finance counselor skills

Patients, 28%
Customer Service, 11%
Medical Terminology, 6%
Insurance Benefits, 5%
Insurance Coverage, 4%
Payment Arrangements, 4%