Post job

Field investigator vs risk and insurance consultant

The differences between field investigators 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 field investigator, 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 $34,305 average annual salary of a field investigator.

The top three skills for a field investigator include excellent time management, background checks and mental health. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.

Field investigator vs risk and insurance consultant overview

Field InvestigatorRisk And Insurance Consultant
Yearly salary$34,305$90,307
Hourly rate$16.49$43.42
Growth rate-6%11%
Number of jobs49,06861,774
Job satisfaction4-
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 67%
Average age4443
Years of experience46

What does a field investigator do?

A field investigator is responsible for collecting information and evidence to support ongoing investigations of law enforcement agencies. Field investigators analyze the occurrence and connections of criminal activities by gathering related cases and coordinating with scene witnesses. They also validate the information by conducting surveillance operations and coordinating with law professionals. A field investigator may also work for private clients, updating them regularly for the progress, and informing them of additional actions as needed to solve complicated cases.

What does a risk and insurance consultant do?

A risk and insurance consultant is a person whose job is to advise organizations and companies on what might happen in the future and how to deal with it. They advise the management on the next steps and possible outcomes. A risk and insurance consultant does research and calculations and uses that to predict or solve financial or risk issues.

Field investigator vs risk and insurance consultant salary

Field investigators and risk and insurance consultants have different pay scales, as shown below.

Field InvestigatorRisk And Insurance Consultant
Average salary$34,305$90,307
Salary rangeBetween $23,000 And $50,000Between $69,000 And $117,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaRhode Island
Best paying companyThe Travelers CompaniesMcKinsey & Company Inc
Best paying industryInsuranceInsurance

Differences between field investigator and risk and insurance consultant education

There are a few differences between a field investigator and a risk and insurance consultant in terms of educational background:

Field InvestigatorRisk And Insurance Consultant
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 67%
Most common majorCriminal JusticeBusiness
Most common collegeCalifornia State University - BakersfieldUniversity of Pennsylvania

Field investigator vs risk and insurance consultant demographics

Here are the differences between field investigators' and risk and insurance consultants' demographics:

Field InvestigatorRisk And Insurance Consultant
Average age4443
Gender ratioMale, 72.5% Female, 27.5%Male, 67.7% Female, 32.3%
Race ratioBlack or African American, 10.7% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.9% 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 Percentage10%4%

Differences between field investigator and risk and insurance consultant duties and responsibilities

Field investigator example responsibilities.

  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Conduct SIU investigations and activity checks/interviews.
  • Complete advanced SIU training in arson investigation, forensics, interrogation and statistical analysis.
  • Investigate and open cases on customers and non-customers who have potentially engage in activity which goes against federally mandate BSA/AML regulations.
  • Work with lawyers, insurance investigators, medical providers, Medicaid clients, and co-workers to resolve issues.
  • Complete additional training and implementation of health insurance billing, both commercial and government (Medicare and Medicaid).
  • Show more

Risk and insurance consultant example responsibilities.

  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Implement the forecasting models in SAS.
  • Monitor business line compliance to credit policy, exceptions to policy, underwriting standards and portfolio management.
  • Identify and capture risk factors, including idiosyncratic and macroeconomic to support capital assessment, portfolio management and business decisions.
  • Define and document a new application architecture which load client databases with properly format data using in-house develop Java ETL applications.
  • Process subpoenas, arrange depositions, process statutory requests for medical records and review medical records prior to depositions.

Field investigator vs risk and insurance consultant skills

Common field investigator skills
  • Excellent Time Management, 29%
  • Background Checks, 9%
  • Mental Health, 8%
  • Criminal Justice, 5%
  • Law Enforcement Agencies, 5%
  • Comprehensive Reports, 4%
Common risk and insurance consultant skills
  • Financial Services, 7%
  • Risk Assessments, 7%
  • Portfolio, 6%
  • PowerPoint, 6%
  • Internal Audit, 4%
  • SAS, 4%

Browse business and financial jobs