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Bond broker vs direct sales agent

The differences between bond brokers and direct sales agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a bond broker and a direct sales agent. Additionally, a bond broker has an average salary of $64,594, which is higher than the $57,712 average annual salary of a direct sales agent.

The top three skills for a bond broker include bonds, securities and fixed income. The most important skills for a direct sales agent are customer service, medicare, and health insurance.

Bond broker vs direct sales agent overview

Bond BrokerDirect Sales Agent
Yearly salary$64,594$57,712
Hourly rate$31.05$27.75
Growth rate10%10%
Number of jobs1,863225,552
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 53%
Average age4343
Years of experience66

Bond broker vs direct sales agent salary

Bond brokers and direct sales agents have different pay scales, as shown below.

Bond BrokerDirect Sales Agent
Average salary$64,594$57,712
Salary rangeBetween $39,000 And $105,000Between $30,000 And $107,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-TechnipFMC
Best paying industry--

Differences between bond broker and direct sales agent education

There are a few differences between a bond broker and a direct sales agent in terms of educational background:

Bond BrokerDirect Sales Agent
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Bond broker vs direct sales agent demographics

Here are the differences between bond brokers' and direct sales agents' demographics:

Bond BrokerDirect Sales Agent
Average age4343
Gender ratioMale, 87.7% Female, 12.3%Male, 58.0% Female, 42.0%
Race ratioBlack or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.1% White, 68.8% American Indian and Alaska Native, 0.2%Black or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.3% White, 68.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between bond broker and direct sales agent duties and responsibilities

Bond broker example responsibilities.

  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Track equities of convertible issues for identification of arbitrage opportunities.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Execute large volume of retail orders (OTC, list and add lots).

Direct sales agent example responsibilities.

  • Increase customer understanding of Comcast products and pricing models as well as competitive advantage over other service providers.
  • Produce call reports and CRM dashboards.
  • Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.
  • Contact new and existing customers to discuss how TWC products can meet their needs.
  • Maintain a professional, respectful, and helpful demeanor as a representative of TWC.
  • Communicate ongoing contact activity utilizing Salesforce.com.

Bond broker vs direct sales agent skills

Common bond broker skills
  • Bonds, 27%
  • Securities, 12%
  • Fixed Income, 11%
  • Treasury, 9%
  • Portfolio, 6%
  • Bloomberg, 6%
Common direct sales agent skills
  • Customer Service, 25%
  • Medicare, 15%
  • Health Insurance, 12%
  • Direct Sales, 11%
  • Underwriting Process, 6%
  • Product Knowledge, 5%