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Pension consultant vs senior compensation analyst

The differences between pension consultants and senior 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 senior compensation analyst. Additionally, a senior compensation analyst has an average salary of $85,796, which is higher than the $74,793 average annual salary of a pension consultant.

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

Pension consultant vs senior compensation analyst overview

Pension ConsultantSenior Compensation Analyst
Yearly salary$74,793$85,796
Hourly rate$35.96$41.25
Growth rate7%7%
Number of jobs6,58317,361
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 71%
Average age4545
Years of experience66

Pension consultant vs senior compensation analyst salary

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

Pension ConsultantSenior Compensation Analyst
Average salary$74,793$85,796
Salary rangeBetween $52,000 And $106,000Between $63,000 And $116,000
Highest paying City-Sacramento, CA
Highest paying state-New Jersey
Best paying company-Wedbush Securities
Best paying industry-Real Estate

Differences between pension consultant and senior compensation analyst education

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

Pension ConsultantSenior Compensation Analyst
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Pension consultant vs senior compensation analyst demographics

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

Pension ConsultantSenior Compensation Analyst
Average age4545
Gender ratioMale, 51.7% Female, 48.3%Male, 34.8% Female, 65.2%
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, 10.6% Unknown, 3.9% Hispanic or Latino, 14.9% Asian, 7.7% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage9%9%

Differences between pension consultant and senior 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

Senior compensation analyst example responsibilities.

  • Manage retention program including calculating and paying out all retention amounts and monthly accruals.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Update records for disability area including workers compensation and FMLA.
  • Project management of job evaluation and FLSA classification to support payroll consolidation of a high tech subsidiary.
  • Conduct job analysis / evaluation to determine appropriate FLSA classification and salary level according to compensation guidelines and policy.
  • Develop specifications and team with technology staff to implement performance measurement and merit processing system, including integration with HRIS.
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Pension consultant vs senior compensation analyst skills

Common pension consultant skills
  • Calculation, 19%
  • Plan Administration, 14%
  • ERISA, 13%
  • Government Filings, 12%
  • Plan Provisions, 11%
  • Plan Design, 10%
Common senior compensation analyst skills
  • Compensation Programs, 10%
  • Human Resources, 9%
  • HRIS, 6%
  • FLSA, 4%
  • Data Analysis, 4%
  • Salary Surveys, 3%

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