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The differences between insurance producers and account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account manager has an average salary of $68,535, which is higher than the $65,112 average annual salary of an insurance producer.
The top three skills for an insurance producer include casualty insurance, customer service and develop leads. The most important skills for an account manager are customer service, account management, and healthcare.
| Insurance Producer | Account Manager | |
| Yearly salary | $65,112 | $68,535 |
| Hourly rate | $31.30 | $32.95 |
| Growth rate | 6% | 5% |
| Number of jobs | 44,922 | 152,261 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | - | 8 |
An insurance producer is responsible for selling and buying financial services and products for an insurance company. They negotiate issues regarding health, life insurance, and other properties. Also, an insurance producer maintains a good relationship between clients and prospective clients by offering the best insurance service and ensuring that all the policies and guidelines are fully followed.
Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.
Insurance producers and account managers have different pay scales, as shown below.
| Insurance Producer | Account Manager | |
| Average salary | $65,112 | $68,535 |
| Salary range | Between $45,000 And $93,000 | Between $42,000 And $110,000 |
| Highest paying City | Madison, WI | San Francisco, CA |
| Highest paying state | Wisconsin | Washington |
| Best paying company | Dahl Consulting | NVIDIA |
| Best paying industry | Real Estate | Technology |
There are a few differences between an insurance producer and an account manager in terms of educational background:
| Insurance Producer | Account Manager | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between insurance producers' and account managers' demographics:
| Insurance Producer | Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 54.8% Female, 45.2% |
| Race ratio | Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |