As of March 01, 2025, the average annual salary for a Rating Specialist in the United States is $51,843. According to Salary.com, salaries can range from a low of $33,483 to a high of $70,591, with most professionals earning between $42,233 and $61,656.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,656 | $5,138 | $1,186 | $30 |
| Average | $51,843 | $4,320 | $997 | $25 |
| 25th Percentile | $42,233 | $3,519 | $812 | $20 |
An entry-level Rating Specialist with less than 1 year of experience earns about $48,154. With 1-2 years of experience, the average salary increases to $48,438. For 2-4 years of experience, the pay typically rises to $52,000. Senior-level professionals with 5-8 years of experience earn around $56,057, and those with over 8 years of experience can expect an average of $56,347.
| Levels | Salary |
|---|---|
| Entry Level Rating Specialist | $48,154 |
| Intermediate Level Rating Specialist | $48,438 |
| Senior Level Rating Specialist | $52,000 |
| Specialist Level Rating Specialist | $56,057 |
| Expert Level Rating Specialist | $56,347 |
| Entry Level | 7% |
| Mid Level | 7% |
| Senior Level | 0% |
| Top Level | 8% |
| Experienced | 9% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Rating Specialist compensation over the past six years. For example, the median salary increased from $46,645 in 2023 to approximately $46,707 in 2024. (For a detailed analysis of Rating Specialist salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Rating Specialist information for you to search for. Click on search button below to see Rating Specialist job openings or enter a new job title here.
Here are companies hiring for Rating Specialist and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $51,843 | 68.7% | ||
| Bonus | $1,151 | 1.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,054 | 5.4% | ||
| 401K/403B | $2,491 | 3.3% | ||
| Disability | $424 | 0.6% | ||
| Healthcare | $6,056 | 8.0% | ||
| Pension | $2,915 | 3.9% | ||
| Time Off | $6,522 | 8.6% | ||
| Total Compensation | $75,456 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 16.7% |
| Bachelors | 83.3% |
What Am I Worth?
The average annual salary of Rating Specialist is $51,843. In case you are finding an easy salary calculator, the average hourly pay of Rating Specialist is $25; the average weekly pay of Rating Specialist is $997; the average monthly pay of Rating Specialist is $4,320.
A Rating Specialist's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Rating Specialist earns the most in San Jose, CA, where the annual salary of a Rating Specialist is $65,064.
The highest pay for Rating Specialist is $70,591.
The lowest pay for Rating Specialist is $33,483.
Rating Specialist is responsible for calculating insurance premiums based on rate books, calculators, and the type and amount of policy. Revises rates as necessary and maintains records and appropriate filings. Being a Rating Specialist requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Rating Specialist works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Rating Specialist typically requires 3-5 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Data Gathering: Data collection is the process of gathering and measuring information on targeted variables in an established system, which then enables one to answer relevant questions and evaluate outcomes.
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
