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The differences between risk and insurance consultants and auto claims adjusters can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a risk and insurance consultant, becoming an auto claims adjuster takes usually requires 2-4 years. Additionally, a risk and insurance consultant has an average salary of $90,307, which is higher than the $52,621 average annual salary of an auto claims adjuster.
The top three skills for a risk and insurance consultant include financial services, risk assessments and portfolio. The most important skills for an auto claims adjuster are repair process, body shop, and strong customer service.
| Risk And Insurance Consultant | Auto Claims Adjuster | |
| Yearly salary | $90,307 | $52,621 |
| Hourly rate | $43.42 | $25.30 |
| Growth rate | 11% | -6% |
| Number of jobs | 61,774 | 16,187 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
A risk and insurance consultant is a person whose job is to advise organizations and companies on what might happen in the future and how to deal with it. They advise the management on the next steps and possible outcomes. A risk and insurance consultant does research and calculations and uses that to predict or solve financial or risk issues.
A claims adjuster inspects insurance claim liability for property damage or personal injuries and calculates payments. They can either work in-house for insurance companies or as external freelancers. They collect gathered information from different reliable sources to determine insurance obligations based on the degree of damage caused. It is part of their responsibility to interview claimants and witnesses and refer with experts like engineers or policyholders to estimate the damage and if it's covered by insurance policies.
Risk and insurance consultants and auto claims adjusters have different pay scales, as shown below.
| Risk And Insurance Consultant | Auto Claims Adjuster | |
| Average salary | $90,307 | $52,621 |
| Salary range | Between $69,000 And $117,000 | Between $38,000 And $71,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Rhode Island | Alaska |
| Best paying company | McKinsey & Company Inc | EMC Insurance |
| Best paying industry | Insurance | Insurance |
There are a few differences between a risk and insurance consultant and an auto claims adjuster in terms of educational background:
| Risk And Insurance Consultant | Auto Claims Adjuster | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between risk and insurance consultants' and auto claims adjusters' demographics:
| Risk And Insurance Consultant | Auto Claims Adjuster | |
| Average age | 43 | 44 |
| Gender ratio | Male, 67.7% Female, 32.3% | Male, 52.2% Female, 47.8% |
| Race ratio | 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% | Black or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 4% | 10% |