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The differences between retirement specialists and benefits 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 retirement specialist and a benefits analyst. Additionally, a benefits analyst has an average salary of $50,944, which is higher than the $40,474 average annual salary of a retirement specialist.
The top three skills for a retirement specialist include life insurance, HR and recordkeeping. The most important skills for a benefits analyst are customer service, HR, and HRIS.
| Retirement Specialist | Benefits Analyst | |
| Yearly salary | $40,474 | $50,944 |
| Hourly rate | $19.46 | $24.49 |
| Growth rate | 7% | 7% |
| Number of jobs | 24,916 | 20,211 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A retirement specialist is responsible for designing and implementing retirement packages such as benefits, savings, profit sharing, and pensions to the employees of a certain company. They work together with the human resource department to ensure that all retirees can access their benefits and pensions. Their duties and responsibilities include explaining the different retirement packages to the potential beneficiaries and working with HR to resolve any issues.
A Benefits Analyst is responsible for administering and communicating benefit programs for an organization. They attract and retain employees through researching, recommending, and explaining benefit programs.
Retirement specialists and benefits analysts have different pay scales, as shown below.
| Retirement Specialist | Benefits Analyst | |
| Average salary | $40,474 | $50,944 |
| Salary range | Between $29,000 And $56,000 | Between $36,000 And $70,000 |
| Highest paying City | Newark, NJ | New York, NY |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Amgen | Amd |
| Best paying industry | Finance | Professional |
There are a few differences between a retirement specialist and a benefits analyst in terms of educational background:
| Retirement Specialist | Benefits Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retirement specialists' and benefits analysts' demographics:
| Retirement Specialist | Benefits Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 27.8% Female, 72.2% |
| Race ratio | 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% | Black or African American, 11.1% Unknown, 3.6% Hispanic or Latino, 15.2% Asian, 7.8% White, 61.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 9% |