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The differences between group insurance specialists and licensed insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a group insurance specialist has an average salary of $78,050, which is higher than the $66,026 average annual salary of a licensed insurance producer.
The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for a licensed insurance producer are work ethic, lead generation, and annuities.
| Group Insurance Specialist | Licensed Insurance Producer | |
| Yearly salary | $78,050 | $66,026 |
| Hourly rate | $37.52 | $31.74 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,629 | 54,872 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 57% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Group insurance specialists and licensed insurance producers have different pay scales, as shown below.
| Group Insurance Specialist | Licensed Insurance Producer | |
| Average salary | $78,050 | $66,026 |
| Salary range | Between $63,000 And $96,000 | Between $44,000 And $97,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Washington |
| Best paying company | - | Berkshire Hathaway |
| Best paying industry | - | Finance |
There are a few differences between a group insurance specialist and a licensed insurance producer in terms of educational background:
| Group Insurance Specialist | Licensed Insurance Producer | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between group insurance specialists' and licensed insurance producers' demographics:
| Group Insurance Specialist | Licensed Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 35.0% Female, 65.0% | Male, 39.2% Female, 60.8% |
| 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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |