Post job

Individual pension consultant vs consultant

The differences between individual pension consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an individual pension consultant and a consultant. Additionally, a consultant has an average salary of $78,912, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for an individual pension consultant include financial issues, insurance products and life insurance. The most important skills for a consultant are customer service, strong analytical, and project management.

Individual pension consultant vs consultant overview

Individual Pension ConsultantConsultant
Yearly salary$43,775$78,912
Hourly rate$21.05$37.94
Growth rate15%11%
Number of jobs8,112171,733
Job satisfaction-4
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 64%
Average age4544
Years of experience44

Individual pension consultant vs consultant salary

Individual pension consultants and consultants have different pay scales, as shown below.

Individual Pension ConsultantConsultant
Average salary$43,775$78,912
Salary rangeBetween $26,000 And $73,000Between $58,000 And $107,000
Highest paying City-Washington, DC
Highest paying state-New Jersey
Best paying company-L.E.K. Consulting
Best paying industry-Technology

Differences between individual pension consultant and consultant education

There are a few differences between an individual pension consultant and a consultant in terms of educational background:

Individual Pension ConsultantConsultant
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesNorthwestern University

Individual pension consultant vs consultant demographics

Here are the differences between individual pension consultants' and consultants' demographics:

Individual Pension ConsultantConsultant
Average age4544
Gender ratioMale, 59.8% Female, 40.2%Male, 58.4% Female, 41.6%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2%
LGBT Percentage5%12%

Differences between individual pension consultant and consultant duties and responsibilities

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Consultant example responsibilities.

  • Lead IIS tuning to get the maximum through put.
  • Manage daily data operations and customer support for SaaS web application products in Linux.
  • Manage several contractors in the development and coding of DB2 interface programs, as well as modification of the package software.
  • Manage operational incidents and changes to consistently meet SLA compliance
  • Introduce Jenkins to help automate manual deployments to multiple environments.
  • Design and code windows service to automate NRA applications email distribution.
  • Show more

Individual pension consultant vs consultant skills

Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%
Common consultant skills
  • Customer Service, 10%
  • Strong Analytical, 7%
  • Project Management, 6%
  • C++, 5%
  • C #, 5%
  • Java, 5%

Browse business and financial jobs