Compensation Adjuster Overview
Working as a Compensation Adjuster
There is more than meets the eye when it comes to being a compensation adjuster. For example, did you know that they make an average of $24.45 an hour? That's $50,861 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -13,000 job opportunities across the U.S.
What Does a Compensation Adjuster Do
There are certain skills that many compensation adjusters have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and mechanical skills.
When it comes to the most important skills required to be a compensation adjuster, we found that a lot of resumes listed 20.0% of compensation adjusters included workers compensation, while 12.6% of resumes included medical records, and 5.6% of resumes included patient care. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
How To Become a Compensation Adjuster
If you're interested in becoming a compensation adjuster, one of the first things to consider is how much education you need. We've determined that 42.2% of compensation adjusters have a bachelor's degree. In terms of higher education levels, we found that 8.8% of compensation adjusters have master's degrees. Even though most compensation adjusters have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a compensation adjuster. When we researched the most common majors for a compensation adjuster, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on compensation adjuster resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a compensation adjuster. In fact, many compensation adjuster jobs require experience in a role such as adjuster. Meanwhile, many compensation adjusters also have previous career experience in roles such as claims adjuster or claims representative.
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Compensation Adjuster Jobs
Compensation Adjuster Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of claims adjuster you might progress to a role such as office manager eventually. Later on in your career, you could end up with the title accounts receivable manager.
| Top Careers Before Compensation Adjuster |
|---|
Adjuster12.9 % |
Claims Adjuster12.7 % |
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| Top Careers After Compensation Adjuster |
|---|
Claims Adjuster8.8 % |
Claim Specialist8.6 % |
Claim Processor8.3 % |
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What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Compensation Adjuster
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Appleone Compensation Adjuster Compensation Adjuster | Appleone Appleone | 12/31/2019 12/31/2019 | $49,04512/31/2019 $49,045 |
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Compensation Adjuster Demographics
| Gender |
|---|
Female 68.0 % |
Male 27.0 % |
Unknown 4.9 % |
| Ethnicity |
White 64.3 % |
Hispanic or Latino 14.0 % |
Black or African American 12.7 % |
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| Foreign Languages Spoken |
Spanish 84.6 % |
Carrier 15.4 % |
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Compensation Adjuster Education
| Schools |
|---|
Kaplan University 8.7 % |
American Institute 8.7 % |
Saint Louis Community College 6.5 % |
Appalachian State University 6.5 % |
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| Majors |
Business 25.8 % |
Criminal Justice 8.6 % |
Insurance 7.0 % |
Psychology 5.9 % |
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| Degrees |
Bachelors 42.2 % |
Associate 21.7 % |
High School Diploma 16.5 % |
Masters 8.8 % |
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Entry Level Jobs For Becoming A Compensation Adjuster
Top Skills For a Compensation Adjuster
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.0% of compensation adjusters listed workers compensation on their resume, but soft skills such as analytical skills and math skills are important as well.