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The differences between risk control consultants and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $83,819 average annual salary of a risk control consultant.
The top three skills for a risk control consultant include loss control, workers compensation and commercial property. The most important skills for a principal consultant are cloud, business development, and C #.
| Risk Control Consultant | Principal Consultant | |
| Yearly salary | $83,819 | $116,478 |
| Hourly rate | $40.30 | $56.00 |
| Growth rate | 6% | 11% |
| Number of jobs | 50,361 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
Typically working for insurance companies, a risk control consultant is in charge of performing assessments and inspections to ensure that operations and clients comply with the company's policies and regulations, including federal and state laws. Their responsibilities include gathering and analyzing data, participating in underwriting procedures, utilizing expertise in sharing insights and opinions, and implementing programs that promote loss control. Moreover, a risk control consultant must recommend risk management strategies while adhering to the company's vision and mission.
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Risk control consultants and principal consultants have different pay scales, as shown below.
| Risk Control Consultant | Principal Consultant | |
| Average salary | $83,819 | $116,478 |
| Salary range | Between $60,000 And $115,000 | Between $90,000 And $150,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | WEC Energy Group | Pure Storage |
| Best paying industry | Insurance | Finance |
There are a few differences between a risk control consultant and a principal consultant in terms of educational background:
| Risk Control Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | Western Carolina University |
Here are the differences between risk control consultants' and principal consultants' demographics:
| Risk Control Consultant | Principal Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 75.8% Female, 24.2% |
| Race ratio | Black or African American, 9.5% Unknown, 6.2% Hispanic or Latino, 14.8% Asian, 5.8% White, 62.4% American Indian and Alaska Native, 1.2% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 11% |