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The differences between risk control consultants and risk managers 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 control consultant, becoming a risk manager takes usually requires 6-8 years. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.
| Risk Control Consultant | Risk Manager | |
| Yearly salary | $83,819 | $116,072 |
| Hourly rate | $40.30 | $55.80 |
| Growth rate | 6% | 17% |
| Number of jobs | 50,361 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Average age | 45 | 46 |
| Years of experience | 6 | 8 |
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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Risk control consultants and risk managers have different pay scales, as shown below.
| Risk Control Consultant | Risk Manager | |
| Average salary | $83,819 | $116,072 |
| Salary range | Between $60,000 And $115,000 | Between $84,000 And $160,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | WEC Energy Group | Credit Karma |
| Best paying industry | Insurance | Technology |
There are a few differences between a risk control consultant and a risk manager in terms of educational background:
| Risk Control Consultant | Risk Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between risk control consultants' and risk managers' demographics:
| Risk Control Consultant | Risk Manager | |
| Average age | 45 | 46 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 59.3% Female, 40.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |