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The differences between compensation adjusters and risk and insurance consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a compensation adjuster, becoming a risk and insurance consultant takes usually requires 4-6 years. Additionally, a risk and insurance consultant has an average salary of $90,307, which is higher than the $59,246 average annual salary of a compensation adjuster.
The top three skills for a compensation adjuster include litigation, workers compensation claims and medical treatment. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.
| Compensation Adjuster | Risk And Insurance Consultant | |
| Yearly salary | $59,246 | $90,307 |
| Hourly rate | $28.48 | $43.42 |
| Growth rate | -6% | 11% |
| Number of jobs | 15,062 | 61,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
Compensation adjusters and risk and insurance consultants have different pay scales, as shown below.
| Compensation Adjuster | Risk And Insurance Consultant | |
| Average salary | $59,246 | $90,307 |
| Salary range | Between $39,000 And $89,000 | Between $69,000 And $117,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Rhode Island |
| Best paying company | - | McKinsey & Company Inc |
| Best paying industry | - | Insurance |
There are a few differences between a compensation adjuster and a risk and insurance consultant in terms of educational background:
| Compensation Adjuster | Risk And Insurance Consultant | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between compensation adjusters' and risk and insurance consultants' demographics:
| Compensation Adjuster | Risk And Insurance Consultant | |
| Average age | 44 | 43 |
| Gender ratio | Male, 23.6% Female, 76.4% | Male, 67.7% Female, 32.3% |
| Race ratio | Black or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 4% |