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The differences between underwriting consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a consultant has an average salary of $78,912, which is higher than the $71,693 average annual salary of an underwriting consultant.
The top three skills for an underwriting consultant include life insurance, national accounts and underwriting guidelines. The most important skills for a consultant are customer service, strong analytical, and project management.
| Underwriting Consultant | Consultant | |
| Yearly salary | $71,693 | $78,912 |
| Hourly rate | $34.47 | $37.94 |
| Growth rate | -4% | 11% |
| Number of jobs | 6,804 | 171,733 |
| Job satisfaction | 5 | 4 |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
An underwriting consultant is an individual who provides underwriting guidelines to underwriters as well as coordinates revision of the underwriting manual. Underwriting consultants are required to handle complex cases and situations by using their strong knowledge of company services, product standards, and underwriting policies. They must use their verbal and written communication skills to guide the account management team across several business segments. Underwriting consultants must also assist with special projects and handle confidential matters assigned by the senior consultant or manager.
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Underwriting consultants and consultants have different pay scales, as shown below.
| Underwriting Consultant | Consultant | |
| Average salary | $71,693 | $78,912 |
| Salary range | Between $49,000 And $103,000 | Between $58,000 And $107,000 |
| Highest paying City | Boston, MA | Washington, DC |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | CVS Health | L.E.K. Consulting |
| Best paying industry | Health Care | Technology |
There are a few differences between an underwriting consultant and a consultant in terms of educational background:
| Underwriting Consultant | Consultant | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between underwriting consultants' and consultants' demographics:
| Underwriting Consultant | Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4% | Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |