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The differences between risk and insurance consultants and senior 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 a senior 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 $58,688 average annual salary of a senior claims adjuster.
The top three skills for a risk and insurance consultant include financial services, risk assessments and portfolio. The most important skills for a senior claims adjuster are customer service, litigation, and coverage issues.
| Risk And Insurance Consultant | Senior Claims Adjuster | |
| Yearly salary | $90,307 | $58,688 |
| Hourly rate | $43.42 | $28.22 |
| Growth rate | 11% | -6% |
| Number of jobs | 61,774 | 11,495 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| 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 senior claims adjuster is in charge of inspecting and analyzing insurance claims to validate and adjust payments. Among their responsibilities include reviewing and verifying claims documents, visiting sites to investigate property damages and personal injuries, gathering evidence such as photos and videos, and conducting interviews with witnesses and clients. Moreover, as a senior claims adjuster, it is essential to lead and serve as a mentor to fellow claims adjusters while enforcing and promoting the company's policies and regulations.
Risk and insurance consultants and senior claims adjusters have different pay scales, as shown below.
| Risk And Insurance Consultant | Senior Claims Adjuster | |
| Average salary | $90,307 | $58,688 |
| Salary range | Between $69,000 And $117,000 | Between $37,000 And $91,000 |
| Highest paying City | San Francisco, CA | Roseville, CA |
| Highest paying state | Rhode Island | New Jersey |
| 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 a senior claims adjuster in terms of educational background:
| Risk And Insurance Consultant | Senior Claims Adjuster | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between risk and insurance consultants' and senior claims adjusters' demographics:
| Risk And Insurance Consultant | Senior Claims Adjuster | |
| Average age | 43 | 44 |
| Gender ratio | Male, 67.7% Female, 32.3% | Male, 48.2% Female, 51.8% |
| 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, 11.7% Unknown, 4.4% Hispanic or Latino, 16.9% Asian, 5.2% White, 61.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 4% | 10% |