Becoming a Financial Counselor: Salary & Job Description

About this article
A financial counselor's median annual wage is about $81,000. Is it worth the educational and licensure requirements? Read real job descriptions and see the truth about career prospects to decide if becoming a financial counselor is right for you.
  • Pros & Cons
  • Career Info
  • Requirements
  • Stand Out
  • Alternatives

Pros and Cons of Being a Financial Counselor

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A financial counselor provides information and guidance regarding finances to various types of clients. Read more about a career as a financial counselor and see if it is right for you.

Pros of Being a Financial Counselor
Faster than average job growth (27% growth estimated for 2012-2022)*
Relatively high wages (about $61,000 higher than national average)*
Some advancement opportunities available*
Ability to work independently (20% were self-employed in 2012)*

Cons of Being a Financial Counselor
High competition for jobs*
May have to work overtime (nearly 25% work more than 50 hours per week)*
Additional licensure may be required for some positions*
Some employers may prefer applicants with a graduate degree*

Source: *U.S. Bureau of Labor Statistics (BLS).

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  • Pros & Cons
  • Career Info
  • Requirements
  • Stand Out
  • Alternatives

Popular Schools

  • Online Programs Available
    1. Grand Canyon University

    Program Options

    Master's
      • MBA: Finance
      • MBA: Accounting
      • MBA
      • MBA and MS in Leadership (Dual Degree)
      • MBA: Leadership
    Bachelor's
      • B.S. in Finance with an Emphasis in Financial Planning
      • B.S. in Finance
      • Bachelor: Finance and Economics
      • Bachelor: Accounting
      • Bachelor: Business Admin
  • Online Programs Available
    2. National University

    Program Options

    Doctorate
      • DBA - Financial Management
      • PhD - Financial Management
      • DBA - Advanced Accounting
      • DBA - General Business
      • PhD - Advanced Accounting
      • PhD-BA - Global Business Management
    Master's
      • MBA - Financial Management
      • MSCY - Finance and Banking
      • MSTM - General Management
      • MHRM - Management of Virtual Organizations
  • Online Programs Available
    3. Liberty University

    Program Options

    Doctorate
      • DBA: Finance
      • DBA: Accounting
      • DBA: Strategic Management
      • DBA: Executive Coaching
    Master's
      • MS: Finance: Financial Planning
      • MBA: Finance
      • MS: Accounting: Financial Services
      • MS: Finance: Financial Management
      • MS: Finance: General
      • MS: Accounting
  • Online Programs Available
    4. Colorado Christian University

    Program Options

    Master's
      • Accounting, M.S.
      • Business Administration, MBA - Advanced Accounting
      • Business Administration, MBA - Health Care Administration
      • Business Administration, MBA - Leadership
      • Business Administration, MBA - Project Management
      • Business Administration, MBA - Enterprise Agility
    Bachelor's
      • Accountancy, B.S.
      • Business Administration, B.S.
      • Business, B.A. - International Business
  • Online Programs Available
    5. Purdue Global

    Program Options

    Master's
      • MS in Finance - Financial Planning
      • MS in Finance - Financial Analysis
      • MS in Finance
      • Master of Science in Finance - Treasury Management
      • MBA: Finance
      • Master - Accounting
    Bachelor's
      • BS in Business Administration - Wealth Management and Financial Planning
      • BSBA in Financial Analysis
      • BS in Finance
      • BS in Finance - General Finance
      • BS in Finance - Wealth Management and Financial Planning
      • Bachelor of Science in Finance
    Associate's
      • Associate: Accounting
      • Associate: Business Admin.
      • Associate of Applied Science in Small Group Management
      • Associate: Business Admin. - Office Mgmt
  • Online Programs Available
    6. Penn Foster

    Program Options

    Certificate
      • Career Diploma - Tax Preparation
      • Career Diploma - Bookkeeping
  • Campus and Online Programs
    7. Full Sail University

    Program Options

    Master's
      • M.S. - Entertainment Business
  • Online Programs Available
    8. UMass Global

    Program Options

    Master's
      • MBA in Business Administration
      • MBA in Business Administration (Accounting)
      • MBA in Business Administration (Bus Intel & Data Analytics)
      • MBA in Business Administration (Finance)
      • MBA in Business Administration (Health Administration)
      • MBA in Business Administration (Human Resources)
    Bachelor's
      • BBA in Business Admin
      • BBA in Business Admin (Accounting)
      • BBA in Business Admin (Entrepreneurship)
      • BBA in Business Admin (Finance)
      • BBA in Business Admin (Healthcare Administration)
      • BBA in Business Admin (Human Resources)
  • University of Maryland Global Campus

  • Chicago, IL

    DePaul University

Featured Schools

Grand Canyon University

  • MBA: Finance
  • MBA: Accounting
  • B.S. in Finance with an Emphasis in Financial Planning
  • B.S. in Finance

What is your highest level of education?

National University

  • DBA - Financial Management
  • PhD - Financial Management
  • MBA - Financial Management
  • MSCY - Finance and Banking

What is your highest level of education?

Liberty University

  • DBA: Finance
  • DBA: Accounting
  • MS: Finance: Financial Planning
  • MBA: Finance

What is your highest level of education?

Colorado Christian University

  • Accounting, M.S.
  • Business Administration, MBA - Advanced Accounting
  • Accountancy, B.S.
  • Business Administration, B.S.

What is your highest level of education completed?

Purdue Global

  • MS in Finance - Financial Planning
  • BS in Business Administration - Wealth Management and Financial Planning
  • Associate: Accounting

Which subject are you interested in?

Penn Foster

  • Career Diploma - Tax Preparation
  • Career Diploma - Bookkeeping

What is your highest level of education?

Full Sail University

  • M.S. - Entertainment Business

What is your highest level of education?

UMass Global

  • MBA in Business Administration
  • MBA in Business Administration (Accounting)
  • BBA in Business Admin
  • BBA in Business Admin (Accounting)

Which subject are you interested in?