Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between group insurance specialists and insurance brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $78,050 average annual salary of a group insurance specialist.
The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for an insurance broker are customer service, life insurance products, and lead generation.
| Group Insurance Specialist | Insurance Broker | |
| Yearly salary | $78,050 | $94,006 |
| Hourly rate | $37.52 | $45.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,629 | 38,403 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Group insurance specialists and insurance brokers have different pay scales, as shown below.
| Group Insurance Specialist | Insurance Broker | |
| Average salary | $78,050 | $94,006 |
| Salary range | Between $63,000 And $96,000 | Between $62,000 And $141,000 |
| Highest paying City | - | Birmingham, AL |
| Highest paying state | - | Washington |
| Best paying company | - | Liberty Mutual Insurance |
| Best paying industry | - | Insurance |
There are a few differences between a group insurance specialist and an insurance broker in terms of educational background:
| Group Insurance Specialist | Insurance Broker | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between group insurance specialists' and insurance brokers' demographics:
| Group Insurance Specialist | Insurance Broker | |
| Average age | 46 | 46 |
| Gender ratio | Male, 35.0% Female, 65.0% | Male, 62.5% Female, 37.5% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |