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The differences between general 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 general 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 $62,495 average annual salary of a general adjuster.
The top three skills for a general adjuster include customer service, xactimate and claims handling. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.
| General Adjuster | Risk And Insurance Consultant | |
| Yearly salary | $62,495 | $90,307 |
| Hourly rate | $30.05 | $43.42 |
| Growth rate | -6% | 11% |
| Number of jobs | 47,263 | 61,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
In insurance companies, a general adjuster is responsible for studying and analyzing insurance claims to identify the company's financial liability. As a general adjuster, they must personally assess the extent and cause of property or physical damages, including the cost of repairs. They may also conduct interviews with witnesses or experts to ensure the eligibility of claims. Furthermore, as a general adjuster, it is essential to maintain records and documentation of procedures and cases, all while adhering to the company's policies and regulations.
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.
General adjusters and risk and insurance consultants have different pay scales, as shown below.
| General Adjuster | Risk And Insurance Consultant | |
| Average salary | $62,495 | $90,307 |
| Salary range | Between $41,000 And $94,000 | 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 general adjuster and a risk and insurance consultant in terms of educational background:
| General Adjuster | Risk And Insurance Consultant | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between general adjusters' and risk and insurance consultants' demographics:
| General Adjuster | Risk And Insurance Consultant | |
| Average age | 44 | 43 |
| Gender ratio | Male, 73.0% Female, 27.0% | Male, 67.7% Female, 32.3% |
| Race ratio | Black or African American, 12.2% Unknown, 4.4% Hispanic or Latino, 16.6% Asian, 5.3% White, 61.0% 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% |