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The differences between insurance producers 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 $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 a consultant are customer service, strong analytical, and project management.
| Insurance Producer | Consultant | |
| Yearly salary | $65,112 | $78,912 |
| Hourly rate | $31.30 | $37.94 |
| Growth rate | 6% | 11% |
| Number of jobs | 44,922 | 171,733 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 64% |
| Average age | 46 | 44 |
| Years of experience | - | 4 |
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.
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 producers and consultants have different pay scales, as shown below.
| Insurance Producer | Consultant | |
| Average salary | $65,112 | $78,912 |
| Salary range | Between $45,000 And $93,000 | Between $58,000 And $107,000 |
| Highest paying City | Madison, WI | Washington, DC |
| Highest paying state | Wisconsin | New Jersey |
| Best paying company | Dahl Consulting | L.E.K. Consulting |
| Best paying industry | Real Estate | Technology |
There are a few differences between an insurance producer and a consultant in terms of educational background:
| Insurance Producer | Consultant | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between insurance producers' and consultants' demographics:
| Insurance Producer | Consultant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 58.4% Female, 41.6% |
| 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, 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% |