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Agent vs principal

The differences between agents and principals can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal has an average salary of $111,719, which is higher than the $37,864 average annual salary of an agent.

The top three skills for an agent include insurance products, customer service and life insurance. The most important skills for a principal are CRM, project management, and financial services.

Agent vs principal overview

AgentPrincipal
Yearly salary$37,864$111,719
Hourly rate$18.20$53.71
Growth rate6%5%
Number of jobs184,32584,015
Job satisfaction2-
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 63%
Average age4647
Years of experience-4

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

What does a principal do?

A principal is responsible for maintaining the orderliness of the school premises and supervising school operations, enforcing strict safety standards, and reiterating regulatory procedures. Principals' duties also include managing and monitoring school budget and expenses, improving security plans, conducting regular meetings and sharing updates with teachers and other school personnel, creating reports for school funding, and setting academic goals for everyone's compliance. A principal must administer excellent leadership, communication, and decision-making skills to handle major administrative tasks in maintaining the school's growth.

Agent vs principal salary

Agents and principals have different pay scales, as shown below.

AgentPrincipal
Average salary$37,864$111,719
Salary rangeBetween $19,000 And $72,000Between $69,000 And $179,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyLatham & WatkinsKKR & Co. L.P.
Best paying industry-Professional

Differences between agent and principal education

There are a few differences between an agent and a principal in terms of educational background:

AgentPrincipal
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Agent vs principal demographics

Here are the differences between agents' and principals' demographics:

AgentPrincipal
Average age4647
Gender ratioMale, 50.5% Female, 49.5%Male, 65.6% Female, 34.4%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%Black or African American, 10.9% Unknown, 4.0% Hispanic or Latino, 14.0% Asian, 4.3% White, 66.0% American Indian and Alaska Native, 0.7%
LGBT Percentage7%16%

Differences between agent and principal duties and responsibilities

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Principal example responsibilities.

  • Manage all documentation associate with FMLA, ADA, & DOL requests.
  • Develop schedules, payroll, and manage recruiting, hiring and company standards to ensure customer satisfaction.
  • Launch, continue to manage, and act as primary portfolio manager and trader for boutique investment consulting firm.
  • Manage the RFP process for a new medical plan TPA delivering a savings of almost $1MM in fix costs.
  • Achieve 7-digit annual revenues from start-up in one year by capitalizing on accurate niche market gap and consumer demand identification.
  • Manage all human resource matters, including payroll and benefits administration.
  • Show more

Agent vs principal skills

Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%
Common principal skills
  • CRM, 7%
  • Project Management, 7%
  • Financial Services, 6%
  • Healthcare, 6%
  • Professional Services, 5%
  • ERP, 5%