How To Become A Pension Consultant: What It Is and Career Path

What is a pension consultant and how to become one

Updated January 8, 2025

2 min read

There is more than meets the eye when it comes to being a pension consultant. For example, did you know that they make an average of $35.96 an hour? That's $74,793 a year! Between 2018 and 2028, the career is expected to grow 7% and produce 6,600 job opportunities across the U.S.

ScorePension ConsultantUS Average

Salary

5.8

Avg. Salary $74,793

Avg. Salary $59,228

Stability level

6.0

Growth rate 7%

Growth rate 0.3%

Diversity

3.8

Race

American Indian and Alaska Native 0.37%

Asian 7.94%

Black or African American 10.49%

Hispanic or Latino 15.44%

Unknown 3.69%

White 62.08%

Gender

female 48.26%

male 51.74%

Age - 45

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 45

Stress level

6.0

Stress level is manageable

7.1 - high

Complexity level

8.1

Complexity level is challenging

7 - challenging

Work life balance

6.1

Work life balance is fair

6.4 - fair

Key steps to become a pension consultant

Explore pension consultant education requirements

Most common pension consultant degrees

Bachelor's

82.7 %

Master's

9.2 %

Associate

5.6 %

Start to develop specific pension consultant skills

Skills	Percentages
Calculation	19.11%
Plan Administration	14.46%
ERISA	13.00%
Government Filings	11.59%
Plan Provisions	10.83%

Complete relevant pension consultant training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New pension consultants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a pension consultant based on U.S. Bureau of Labor Statistics data and data from real pension consultant resumes.

Research pension consultant duties and responsibilities

Recruit to manage key client engagements to define global strategic sourcing projects and solutions to utilize technology and advance ERP systems.
Research and compile documents to assist senior legal counsel specific to ERISA litigation.
Fast learner, note for quickly developing strong knowledge of IRS rules for insurance industry.
Leverage sales skills to identify customer needs and create new opportunities to transfer assets to TIAA-CREF.

Prepare your pension consultant resume

When your background is strong enough, you can start writing your pension consultant resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a pension consultant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable pension consultant resume templates

Build a professional pension consultant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your pension consultant resume.