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The differences between claims analysts and appraisers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a claims analyst, becoming an appraiser takes usually requires 2-4 years. Additionally, a claims analyst has an average salary of $48,398, which is higher than the $42,223 average annual salary of an appraiser.
The top three skills for a claims analyst include customer service, medical terminology and CPT. The most important skills for an appraiser are commercial property, appraisal reports, and customer service.
| Claims Analyst | Appraiser | |
| Yearly salary | $48,398 | $42,223 |
| Hourly rate | $23.27 | $20.30 |
| Growth rate | -6% | 7% |
| Number of jobs | 22,062 | 1,186 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Average age | 44 | 49 |
| Years of experience | 6 | 4 |
A claims analyst specializes in processing medical insurance claims. They are primarily responsible for verifying the authenticity and eligibility of claims, analyzing the billing, communicating with policyholders, and ensuring adherence to all the policies and regulations during the entire procedure. Furthermore, a claims analyst is also in charge of administrative tasks such as keeping and updating records, reaching out and sending reports to creditors, setting appointments and schedules, processing paperwork, coordinating with key personnel, and discussing terms and necessary information to clients.
An appraiser is someone who assesses the monetary value of a property such as an automobile, real property, and personal claim. His/Her or her responsibilities include resolving disparities between a property's monetary values and preparing narrative reports for projects. The essential skills that an appraiser should possess to accomplish such responsibilities include a keen eye for details, strong communication, analytical, and problem-solving skills, and the ability to work under pressure. The education requirements for the job vary depending on the area of focus.
Claims analysts and appraisers have different pay scales, as shown below.
| Claims Analyst | Appraiser | |
| Average salary | $48,398 | $42,223 |
| Salary range | Between $29,000 And $78,000 | Between $29,000 And $59,000 |
| Highest paying City | Trenton, NJ | San Mateo, CA |
| Highest paying state | New Jersey | California |
| Best paying company | City National Bank | |
| Best paying industry | - | Insurance |
There are a few differences between a claims analyst and an appraiser in terms of educational background:
| Claims Analyst | Appraiser | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between claims analysts' and appraisers' demographics:
| Claims Analyst | Appraiser | |
| Average age | 44 | 49 |
| Gender ratio | Male, 27.6% Female, 72.4% | Male, 67.8% Female, 32.2% |
| Race ratio | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5% | Black or African American, 4.6% Unknown, 3.9% Hispanic or Latino, 6.8% Asian, 2.9% White, 81.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 10% | 8% |