How Much Do Financial Counselors Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary financial counselors make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for financial counselors and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of financial counselors are offering as compensation.
Keep reading to learn more about how much financial counselors can expect to make in the United States.
At a Glance: Salary & Jobs for Financial Counselors
According to data from 2022, there were about 290,834 positions for financial counselors in the United States. In terms of salary, the national median salary for financial counselors was reported to be $95,389. Additionally, when examining job demand, employers across the country posted 59,098 job postings related to positions for financial counselors.
How Much Money Do Financial Counselors Make?
Median salary is just one data point. To build a better understanding of how much money financial counselors and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for financial counselors.
Annual Salary for Financial Counselors
According to the BLS, the lowest earners for financial counselors and related professions earned about $46,696 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $246,107 annually.
As mentioned previously, the median salary for financial counselors in the United States in 2022 was $95,389.
Annual Salary Range For Financial Counselors In 2022
Hourly Salary for Financial Counselors
The BLS also breaks down compensation for financial counselors by hourly salary, and the median average hourly pay for financial counselors in 2022 was $46. Lowest hourly earners took home $22 while the highest reported hourly salaries for financial counselors was $118.
Hourly Salary Range For Financial Counselors In 2022
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Advertised Compensation for Financial Counselors
Data from the BLS is one way to dig into compensation for financial counselors, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for financial counselors.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Financial Counselors
Advertised Annual Salary
During a review of 89,729 job postings related to financial counselors, advertised salary was included in 15,260 of them, which was 17%. Based on those postings, the median advertised salary for financial counselors was $69,504 per year.
Hourly Salary from Job Postings for Financial Counselors
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for financial counselors. Based on 26% of postings with advertised compensation, the median hourly salary for open positions for financial counselors in the United States is about $33.
Salary Trend for Financial Counselors
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for financial counselors. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for financial counselors dating back to September 2019, advertised salaries for financial counselors have decreased 12%.
Advertised Wage Trend For Financial Counselors
What's the Job Growth for Financial Counselors?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for financial counselors over the next 10 years.
According to the data obtained through Lightcast,™ there were 291,026 jobs for financial counselors in the United States in 2022. By 2032, it is expected that about 64,941 jobs will be added. That's a 22.3% increase over the next 10-year period.
Employment Projections For Financial Counselors
Additional Links
Ready to dig deeper into career information about financial counselors? Visit our other pages focused on salary and education for financial counselors.
What do financial counselors do?
Financial Counselors: How do you become one?
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