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For Educators: Military Resources

Credit Counselors

Median Salary
48,570
Job Outlook
+5%

Overview

What are the responsibilities of this role?

Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explain loan requirements or restrictions. May help develop debt management plans or student financial aid packages. May advise on credit issues, or provide budget, mortgage, bankruptcy, or student financial aid counseling.

What is the job outlook?

Employment of credit counselors is projected to grow 5 percent from 2023 to 2033, about as fast as the average for all occupations. About 2,300 openings for credit counselors are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Compensation

What is the typical salary range?

$36,140

10%

$48,570

Median

$62,430

90%

How does location impact how much salary?

Education

What level of education do professionals in this role have?

Education Level

  • Bachelor's degree

    40%

  • High school

    36%

  • Post-secondary certificate

    12%

  • Some college

    8%

  • Associate's degree

    4%

Which college majors best prepare you for this role?

  • Financial Planning and Services
  • Banking and Financial Support Services

Skills and Interest

Which skill sets are the most valuable to possess?

Skills

  • Verbal Skills

    High

  • Leadership

    High

  • Math and Science Skills

    Mid

  • Technology Design and Control

    Low

  • Equipment Operation and Maintenance

    Low

  • Critical Thinking and Problem Solving

    Mid

What knowledge should you bring to the table?

  • Customer and Personal Service
  • English Language
  • Administrative
  • Education and Training
  • Mathematics

What challenges will you likely face in the workplace?

Workplace

  • Repetitiveness

    High

  • Decision Making

    High

  • Time Pressure

    Mid

  • Level Of Competition

    Mid

  • Exposure to Job Hazards

    Low

  • Responsibility

    Low

  • Physical Activity

    Low

What personality traits help people thrive in this role?

Conventional

You like structure, staying organized, and working with systems to get things done efficiently.

Social

You love connecting with people, helping others and making a difference in your community.

Enterprising

You love taking risks in business or personal projects — and have the leadership skills to back it up.

RIASEC represents six broad interest areas—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—helping individuals identify careers that match their skills and preferences.

Take the RIASEC Test

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Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.