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The differences between pension administrators and retirement specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a pension administrator and a retirement specialist. Additionally, a pension administrator has an average salary of $57,547, which is higher than the $40,474 average annual salary of a retirement specialist.
The top three skills for a pension administrator include customer service, plan administration and IRS. The most important skills for a retirement specialist are life insurance, HR, and recordkeeping.
| Pension Administrator | Retirement Specialist | |
| Yearly salary | $57,547 | $40,474 |
| Hourly rate | $27.67 | $19.46 |
| Growth rate | 7% | 7% |
| Number of jobs | 50,422 | 24,916 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Pension administrators and retirement specialists have different pay scales, as shown below.
| Pension Administrator | Retirement Specialist | |
| Average salary | $57,547 | $40,474 |
| Salary range | Between $37,000 And $87,000 | Between $29,000 And $56,000 |
| Highest paying City | Needham, MA | Newark, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Kerkering Barberio | Amgen |
| Best paying industry | - | Finance |
There are a few differences between a pension administrator and a retirement specialist in terms of educational background:
| Pension Administrator | Retirement Specialist | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between pension administrators' and retirement specialists' demographics:
| Pension Administrator | Retirement Specialist | |
| Average age | 45 | 45 |
| Gender ratio | Male, 35.7% Female, 64.3% | Male, 52.0% Female, 48.0% |
| Race ratio | Black or African American, 11.1% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 61.4% American Indian and Alaska Native, 0.4% | Black or African American, 10.8% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 7.7% White, 62.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |