A risk and insurance consultant provides advice to individuals and corporations on insurance issues. They review individual and company requirements before proposing a tailor-made cover plan. They use their business, finance, and insurance expertise to assist them in eliminating and mitigating the risks they undertake when processing insurance payouts. Risk and insurance consultants also organize surveys and prepare reports for underwriters to determine the potential financial risk for personal products and properties.

Risk and Insurance Consultants should have money management experience and be sales-oriented with excellent interpersonal skills. Since they deal with both clients and teams, they require verbal and written communication skills. They should possess good customer service skills and have the ability to convert complicated data into simple information.

Risk and Insurance Consultants usually work full time 40 hours per week from Monday to Friday between 9 and 5. Some additional work hours in the evenings and during the weekends, depending on the client's needs.

What Does a Risk And Insurance Consultant Do

There are certain skills that many risk and insurance consultants 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 interpersonal skills, time-management skills and problem-solving skills.

Learn more about what a Risk And Insurance Consultant does

How To Become a Risk And Insurance Consultant

If you're interested in becoming a risk and insurance consultant, one of the first things to consider is how much education you need. We've determined that 67.1% of risk and insurance consultants have a bachelor's degree. In terms of higher education levels, we found that 21.4% of risk and insurance consultants have master's degrees. Even though most risk and insurance consultants have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Risk And Insurance Consultant
Top Risk And Insurance Consultant Jobs Near You

Risk And Insurance Consultant Career Paths

Average Salary for a Risk And Insurance Consultant

Risk And Insurance Consultants in America make an average salary of $90,307 per year or $43 per hour. The top 10 percent makes over $117,000 per year, while the bottom 10 percent under $69,000 per year.
Average Risk And Insurance Consultant Salary
$90,307 Yearly
$43.42 hourly
$69,000
10 %
$90,000
Median
$117,000
90 %

What Am I Worth?

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Risk And Insurance Consultant Education

Risk And Insurance Consultant Majors

20.0 %
19.6 %

Risk And Insurance Consultant Degrees

Bachelors

67.1 %

Masters

21.4 %

Associate

4.7 %

Top Colleges for Risk And Insurance Consultants

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For a Risk And Insurance Consultant

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, 6.3% of risk and insurance consultants listed financial services on their resume, but soft skills such as interpersonal skills and time-management skills are important as well.

Choose From 10+ Customizable Risk And Insurance Consultant Resume templates

Zippia allows you to choose from different easy-to-use Risk And Insurance Consultant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Risk And Insurance Consultant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Risk And Insurance Consultant Demographics

Risk And Insurance Consultant Gender Distribution

Male
Male
68%
Female
Female
32%

After extensive research and analysis, Zippia's data science team found that:

  • Among risk and insurance consultants, 32.3% of them are women, while 67.7% are men.

  • The most common race/ethnicity among risk and insurance consultants is White, which makes up 62.0% of all risk and insurance consultants.

  • The most common foreign language among risk and insurance consultants is Spanish at 29.0%.

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Best States For a Risk And Insurance Consultant

Some places are better than others when it comes to starting a career as a risk and insurance consultant. The best states for people in this position are Rhode Island, Virginia, New Jersey, and Texas. Risk and insurance consultants make the most in Rhode Island with an average salary of $109,238. Whereas in Virginia and New Jersey, they would average $105,503 and $100,633, respectively. While risk and insurance consultants would only make an average of $100,051 in Texas, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Risk And Insurance Consultant Jobs:
99
Highest 10% Earn:
$143,000
Location Quotient:
1.23

2. Nevada

Total Risk And Insurance Consultant Jobs:
167
Highest 10% Earn:
$134,000
Location Quotient:
1.2

3. Vermont

Total Risk And Insurance Consultant Jobs:
87
Highest 10% Earn:
$126,000
Location Quotient:
1.71
Full List Of Best States For Risk And Insurance Consultants

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Top Risk And Insurance Consultant Employers

Most Common Employers For Risk And Insurance Consultant

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1McKinsey & Company Inc$114,628$55.113
2AIG$102,534$49.303
3Deutsche Bank$97,291$46.772
4Staff Leasing$94,286$45.333
5Chubb$93,453$44.934
6Aon$92,728$44.583
7capSpire$92,351$44.402
8AIR Worldwide$90,600$43.565
9FIS$90,215$43.373
10Protiviti$89,595$43.076