Training Requirements for Credit Counselors

Credit counselors need a bachelor's degree and moderate-term on-the-job training.

Degrees for Credit counselors
Percent
Less than High School 1.0
High School 13.8
Some College 23.3
Associates Degree 9.8
Bachelors Degree 41.0
Masters Degree 9.8
Doctorate or Professional Degree 1.3

Employment Outlook for Credit Counselors

This represents about 32,000 people in the United States.

Over the next 10 years there will be aproximately 5,000 more credit counselors but, because of expected growth and replacement needs in the United States, we will need 10,000 more.

Typical Income for Credit Counselors

Hourly Income

On average,credit counselors make $23.79 per hour.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Credit counselors $14.19 $17.10 $21.34 $27.15 $36.17
Business and financial operations occupations $17.74 $23.78 $31.99 $43.47 $58.13
Financial specialists $18.61 $24.76 $33.07 $45.64 $63.36
Credit counselors and loan officers $15.53 $20.81 $29.34 $42.87 $61.85
National Average $9.27 $11.60 $17.81 $28.92 $45.45

Annual Salaries

On average, credit counselors make $49,480 per year.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Credit counselors $29,510 $35,570 $44,380 $56,470 $75,220
Business and financial operations occupations $36,910 $49,460 $66,530 $90,410 $120,910
Financial specialists $38,700 $51,510 $68,780 $94,940 $131,800
Credit counselors and loan officers $32,310 $43,270 $61,030 $89,160 $128,660
National Average $19,290 $24,140 $37,040 $60,150 $94,540

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

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