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Pension consultant vs compensation analyst

The differences between pension consultants and compensation analysts 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 consultant and a compensation analyst. Additionally, a pension consultant has an average salary of $74,793, which is higher than the $66,487 average annual salary of a compensation analyst.

The top three skills for a pension consultant include calculation, plan administration and ERISA. The most important skills for a compensation analyst are HR, compensation programs, and HRIS.

Pension consultant vs compensation analyst overview

Pension ConsultantCompensation Analyst
Yearly salary$74,793$66,487
Hourly rate$35.96$31.96
Growth rate7%7%
Number of jobs6,58319,344
Job satisfaction-5
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 73%
Average age4545
Years of experience66

Pension consultant vs compensation analyst salary

Pension consultants and compensation analysts have different pay scales, as shown below.

Pension ConsultantCompensation Analyst
Average salary$74,793$66,487
Salary rangeBetween $52,000 And $106,000Between $48,000 And $90,000
Highest paying City-Sacramento, CA
Highest paying state-Washington
Best paying company-Meta
Best paying industry-Technology

Differences between pension consultant and compensation analyst education

There are a few differences between a pension consultant and a compensation analyst in terms of educational background:

Pension ConsultantCompensation Analyst
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Pension consultant vs compensation analyst demographics

Here are the differences between pension consultants' and compensation analysts' demographics:

Pension ConsultantCompensation Analyst
Average age4545
Gender ratioMale, 51.7% Female, 48.3%Male, 36.2% Female, 63.8%
Race ratioBlack or African American, 10.5% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.1% American Indian and Alaska Native, 0.4%Black or African American, 10.5% Unknown, 3.9% Hispanic or Latino, 15.0% Asian, 7.7% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage9%9%

Differences between pension consultant and compensation analyst duties and responsibilities

Pension consultant example 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.
  • Pioneer the Spanish initiative, in taking the first calls in Spanish for TIAA-CREF along with a small team.
  • Review court orders and relate legal documents to ensure compliance with applicable IRC provisions, ERISA, and qualify plan requirements.
  • Show more

Compensation analyst example responsibilities.

  • Manage vendor relationships with fiscal oversight, and ongoing cost management.
  • Manage long-term incentive plan administration including SARP and stock option granting programs (LTI).
  • Create and manage communication materials via PowerPoint publish to sales organization.
  • Report and manage company healthcare budget and direct all vendor relationships.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Provide oversight of sales compensation short-term incentive programs.
  • Show more

Pension consultant vs compensation analyst skills

Common pension consultant skills
  • Calculation, 19%
  • Plan Administration, 14%
  • ERISA, 13%
  • Government Filings, 12%
  • Plan Provisions, 11%
  • Plan Design, 10%
Common compensation analyst skills
  • HR, 12%
  • Compensation Programs, 7%
  • HRIS, 6%
  • PowerPoint, 5%
  • Data Analysis, 5%
  • Customer Service, 4%

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