Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Credit Counselor assists individuals in managing their personal finances and debts, providing guidance on budgeting, credit management, and debt reduction strategies. They work to help clients achieve financial stability and make informed decisions about credit and debt.
Education: Bachelor's degree
Years in related career: None
On-the-job training: Moderate-term
Projected Growth: 5.4% (above average)
Annual job openings: 2 200
Direct AI exposure: 46% of tasks
Potential AI exposure: 93% of tasks
| Income data is from Employment and Social Development Canada's 2025 wage tables. The closest match for this career in Canada’s occupational classification system is Other Financial Officers. According to the wage tables, average income is $80K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $50K per year | $62K per year | $80K per year | $105K per year | $139K per year |
| Compared to other careers: Median is $15K above the national average. | ||||
Credit Counselors typically work in offices, often for non-profit credit counseling agencies, financial institutions, or as part of consumer advocacy organizations. Their work involves meeting with clients, analyzing financial documents, and providing personalized advice. They may also conduct workshops or seminars on financial literacy.
Credit Counselors play a crucial role in helping individuals navigate complex financial situations. They must be knowledgeable about various aspects of personal finance, including debt management, budgeting, and credit laws. Their work involves not only providing advice but also empowering clients to make sustainable financial changes.
Strong interpersonal skills are essential, as the role involves building trust and rapport with clients. Credit Counselors must be empathetic, patient, and able to communicate complex financial concepts in a way that is accessible and understandable to clients from diverse backgrounds.
The job requires staying updated on changes in financial regulations, credit reporting standards, and debt management strategies. Being organized and detail-oriented is also crucial, as Credit Counselors often handle multiple clients' cases simultaneously.
A bachelor's degree in finance, counseling, or a related field is usually required, amounting to about 4 years of post-secondary education. Additional certifications in financial planning or counseling can enhance job prospects and credibility.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
