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The differences between insurance consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a consultant has an average salary of $78,912, which is higher than the $68,670 average annual salary of an insurance consultant.
The top three skills for an insurance consultant include insurance products, powerpoint and term care. The most important skills for a consultant are customer service, strong analytical, and project management.
| Insurance Consultant | Consultant | |
| Yearly salary | $68,670 | $78,912 |
| Hourly rate | $33.01 | $37.94 |
| Growth rate | 6% | 11% |
| Number of jobs | 42,383 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Average age | 46 | 44 |
| Years of experience | - | 4 |
An insurance consultant works at insurance companies where they are primarily in charge of reviewing and assessing client requirements to match them with the insurance package that fits their needs and financial capabilities. It is also their responsibility to verify client information, conduct research and analyses, perform risk assessments, issue insurance quotations, and process insurance claims. An insurance consultant also assists clients by answering inquiries, helping them understand every procedure, recommending options, and solving issues and concerns should there be any.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Insurance consultants and consultants have different pay scales, as shown below.
| Insurance Consultant | Consultant | |
| Average salary | $68,670 | $78,912 |
| Salary range | Between $44,000 And $105,000 | Between $58,000 And $107,000 |
| Highest paying City | Seattle, WA | Washington, DC |
| Highest paying state | Washington | New Jersey |
| Best paying company | AIG | L.E.K. Consulting |
| Best paying industry | Media | Technology |
There are a few differences between an insurance consultant and a consultant in terms of educational background:
| Insurance Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between insurance consultants' and consultants' demographics:
| Insurance Consultant | Consultant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 54.4% Female, 45.6% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.7% 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 Percentage | 7% | 12% |