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The differences between risk and insurance consultants and insurance 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 insurance 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 $57,315 average annual salary of an insurance adjuster.
The top three skills for a risk and insurance consultant include financial services, risk assessments and portfolio. The most important skills for an insurance adjuster are insurance policies, customer service, and liability claims.
| Risk And Insurance Consultant | Insurance Adjuster | |
| Yearly salary | $90,307 | $57,315 |
| Hourly rate | $43.42 | $27.56 |
| Growth rate | 11% | -6% |
| Number of jobs | 61,774 | 44,837 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 58% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
Risk and insurance consultants and insurance adjusters have different pay scales, as shown below.
| Risk And Insurance Consultant | Insurance Adjuster | |
| Average salary | $90,307 | $57,315 |
| Salary range | Between $69,000 And $117,000 | Between $40,000 And $80,000 |
| Highest paying City | San Francisco, CA | Hagerstown, MD |
| Highest paying state | Rhode Island | New Jersey |
| Best paying company | McKinsey & Company Inc | Cunningham Lindsey |
| Best paying industry | Insurance | Insurance |
There are a few differences between a risk and insurance consultant and an insurance adjuster in terms of educational background:
| Risk And Insurance Consultant | Insurance Adjuster | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between risk and insurance consultants' and insurance adjusters' demographics:
| Risk And Insurance Consultant | Insurance Adjuster | |
| Average age | 43 | 44 |
| Gender ratio | Male, 67.7% Female, 32.3% | Male, 66.6% Female, 33.4% |
| 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, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 4% | 10% |