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The differences between workerss' compensation claims adjuster and risk and insurance consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a workers' compensation claims adjuster, becoming a risk and insurance consultant takes usually requires 4-6 years. Additionally, a risk and insurance consultant has an average salary of $90,307, which is higher than the $57,583 average annual salary of a workers' compensation claims adjuster.
The top three skills for a workers' compensation claims adjuster include customer service, claim process and compensation benefits. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.
| Workers' Compensation Claims Adjuster | Risk And Insurance Consultant | |
| Yearly salary | $57,583 | $90,307 |
| Hourly rate | $27.68 | $43.42 |
| Growth rate | -6% | 11% |
| Number of jobs | 16,506 | 61,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
A worker's compensation claims adjuster is responsible for analyzing and validating compensation claims, ensuring eligibility and accuracy to authorize payments. Their responsibilities also include coordinating with different departments to gather data, liaising with internal and external parties, determining the amount of compensation, and negotiating claims. Furthermore, a worker's compensation claims adjuster may also perform administrative support tasks such as preparing progress reports and other documentation, answering calls and inquiries, maintaining records of all transactions, and training new members of the workforce.
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.
Workerss' compensation claims adjuster and risk and insurance consultants have different pay scales, as shown below.
| Workers' Compensation Claims Adjuster | Risk And Insurance Consultant | |
| Average salary | $57,583 | $90,307 |
| Salary range | Between $40,000 And $82,000 | Between $69,000 And $117,000 |
| Highest paying City | Sacramento, CA | San Francisco, CA |
| Highest paying state | Rhode Island | Rhode Island |
| Best paying company | The Travelers Companies | McKinsey & Company Inc |
| Best paying industry | Finance | Insurance |
There are a few differences between a workers' compensation claims adjuster and a risk and insurance consultant in terms of educational background:
| Workers' Compensation Claims Adjuster | Risk And Insurance Consultant | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between workerss' compensation claims adjuster' and risk and insurance consultants' demographics:
| Workers' Compensation Claims Adjuster | Risk And Insurance Consultant | |
| Average age | 44 | 43 |
| Gender ratio | Male, 27.4% Female, 72.6% | Male, 67.7% Female, 32.3% |
| Race ratio | Black or African American, 11.0% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.6% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 10% | 4% |