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The differences between retirement specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, 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 finance specialist are customer service, phone calls, and cash handling.
| Retirement Specialist | Finance Specialist | |
| Yearly salary | $40,474 | $61,666 |
| Hourly rate | $19.46 | $29.65 |
| Growth rate | 7% | 10% |
| Number of jobs | 24,916 | 97,216 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Average age | 45 | 43 |
| Years of experience | 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 financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Retirement specialists and finance specialists have different pay scales, as shown below.
| Retirement Specialist | Finance Specialist | |
| Average salary | $40,474 | $61,666 |
| Salary range | Between $29,000 And $56,000 | Between $37,000 And $100,000 |
| Highest paying City | Newark, NJ | Washington, DC |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Amgen | |
| Best paying industry | Finance | Finance |
There are a few differences between a retirement specialist and a finance specialist in terms of educational background:
| Retirement Specialist | Finance Specialist | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retirement specialists' and finance specialists' demographics:
| Retirement Specialist | Finance Specialist | |
| Average age | 45 | 43 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 42.1% Female, 57.9% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 9% | 4% |