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The differences between retirement specialists and specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a retirement specialist, becoming a specialist takes usually requires 1-2 years. Additionally, a specialist has an average salary of $58,013, 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 specialist are patients, customer service, and work ethic.
| Retirement Specialist | Specialist | |
| Yearly salary | $40,474 | $58,013 |
| Hourly rate | $19.46 | $27.89 |
| Growth rate | 7% | 10% |
| Number of jobs | 24,916 | 358,433 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 49% |
| Average age | 45 | 42 |
| Years of experience | 6 | 2 |
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.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
Retirement specialists and specialists have different pay scales, as shown below.
| Retirement Specialist | Specialist | |
| Average salary | $40,474 | $58,013 |
| Salary range | Between $29,000 And $56,000 | Between $32,000 And $104,000 |
| Highest paying City | Newark, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Amgen | The Citadel |
| Best paying industry | Finance | - |
There are a few differences between a retirement specialist and a specialist in terms of educational background:
| Retirement Specialist | Specialist | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between retirement specialists' and specialists' demographics:
| Retirement Specialist | Specialist | |
| Average age | 45 | 42 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 47.5% Female, 52.5% |
| 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, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 11% |