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The differences between arbitrators and lawyers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an arbitrator, becoming a lawyer takes usually requires 2-4 years. Additionally, a lawyer has an average salary of $115,808, which is higher than the $68,492 average annual salary of an arbitrator.
The top three skills for an arbitrator include arbitration, customer claims and PSI. The most important skills for a lawyer are litigation, law firm, and legal issues.
| Arbitrator | Lawyer | |
| Yearly salary | $68,492 | $115,808 |
| Hourly rate | $32.93 | $55.68 |
| Growth rate | 6% | 10% |
| Number of jobs | 899 | 2,897 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | - | 4 |
Arbitrators and lawyers have different pay scales, as shown below.
| Arbitrator | Lawyer | |
| Average salary | $68,492 | $115,808 |
| Salary range | Between $39,000 And $120,000 | Between $64,000 And $208,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | New York |
| Best paying company | - | Nelson Mullins Riley & Scarborough |
| Best paying industry | - | - |
There are a few differences between an arbitrator and a lawyer in terms of educational background:
| Arbitrator | Lawyer | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 51% |
| Most common major | Law | Law |
| Most common college | Stanford University | Stanford University |
Here are the differences between arbitrators' and lawyers' demographics:
| Arbitrator | Lawyer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 48.5% Female, 51.5% |
| Race ratio | Black or African American, 5.4% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 76.0% American Indian and Alaska Native, 0.3% | Black or African American, 5.4% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 76.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |