The goal of most workers is to stop working at some point. People want to live out their old age in comfort while puttering around the garden, filling out crossword puzzles, and thinking about moving to Florida. In order to do that, people need to prepare for retirement while they are still working, which is where a retirement plan specialist comes in.
A retirement plan specialist can work for a company's human resources department or for a bank managing retirement accounts. They explain various benefits accounts to clients, help them choose the best one for their needs, and help them develop good saving habits in order to build up a good nest egg for retirement.
Retirement plan specialists usually need to know a lot about business and finance in order to explain various savings and investment options to clients. It's no surprise that most retirement plan specialists have at least a bachelor's degree in business or a related field.
How to Become a Retirement Plan Specialist
What is a Retirement Plan Specialist
There is more than meets the eye when it comes to being a Retirement Plan Specialist. For example, did you know that they make an average of $30.39 an hour? That's $63,216 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 5,300 job opportunities across the U.S.
What Does a Retirement Plan Specialist Do
There are certain skills that many Retirement Plan Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Business skills and Communication skills.
How To Become a Retirement Plan Specialist
If you're interested in becoming a Retirement Plan Specialist, one of the first things to consider is how much education you need. We've determined that 76.1% of Retirement Plan Specialists have a bachelor's degree. In terms of higher education levels, we found that 8.4% of Retirement Plan Specialists have master's degrees. Even though most Retirement Plan Specialists have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Retirement Plan Specialist. When we researched the most common majors for a Retirement Plan Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Retirement Plan Specialist resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Retirement Plan Specialist. In fact, many Retirement Plan Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Retirement Plan Specialists also have previous career experience in roles such as Finance Advisor or Service Representative.
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Retirement Plan Specialist Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Retirement Plan Specialist can determine their career goals through the career progression. For example, they could start out with a role such as Benefit Specialist, progress to a title such as Human Resources Generalist and then eventually end up with the title Senior Human Resources Manager.
Retirement Plan Specialist Jobs You Might Like
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Average Salary for a Retirement Plan Specialist
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Retirement Plan Specialist Demographics
Retirement Plan Specialist Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among Retirement Plan Specialists, 45.6% of them are women, while 54.4% are men.
- The most common race/ethnicity among Retirement Plan Specialists is White, which makes up 64.3% of all Retirement Plan Specialists.
- The most common foreign language among Retirement Plan Specialists is Spanish at 45.5%.
Find the best Retirement Plan Specialist job for you
Retirement Plan Specialist Jobs You Might Like
- High Paying Retirement Plan Specialist Jobs - $107K and Up
- Entry Level Retirement Plan Specialist Jobs
- Part Time Retirement Plan Specialist Jobs
- Actively Hiring
- No Degree Retirement Plan Specialist Jobs
Top Colleges for Retirement Plan Specialists
1. University of Pennsylvania
Philadelphia, PA • Private
2. Boston University
Boston, MA • Private
3. University of Minnesota - Twin Cities
Minneapolis, MN • Private
4. Northwestern University
Evanston, IL • Private
5. SUNY College at Oswego
Oswego, NY • Private
6. University of Southern California
Los Angeles, CA • Private
7. Baylor University
Waco, TX • Private
8. Harvard University
Cambridge, MA • Private
9. Villanova University
Villanova, PA • Private
10. San Diego State University
San Diego, CA • Private
Find the best Retirement Plan Specialist job for you
Retirement Plan Specialist Jobs You Might Like
- High Paying Retirement Plan Specialist Jobs - $107K and Up
- Entry Level Retirement Plan Specialist Jobs
- Part Time Retirement Plan Specialist Jobs
- Actively Hiring
- No Degree Retirement Plan Specialist Jobs
Online Courses For Retirement Plan Specialist That You May Like
Planning for Risk, Retirement and Investment is made possible by the Brian and Sheila Jellison Family Foundation. The Planning for Risk, Retirement & Investment course is designed for individuals to build financial literacy, one of the most pressing needs Americans face today. Financial decisions made by individuals impact the larger community in significant ways with pervasive cost due to financial mistakes. A recent study by the Financial Industry Regulatory Authority (FINRA) reveals over...
How Much To Save, Which Investments To Choose, and a Simple Plan To Reach Retirement Using Your 401(k) Plan...
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Top Skills For a Retirement Plan Specialist
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.1% of Retirement Plan Specialists listed Life Insurance on their resume, but soft skills such as Analytical skills and Business skills are important as well.
How Do Retirement Plan Specialist Rate Their Jobs?
Retirement Plan Specialist Videos
