Bond broker vs mutual funds agent

The differences between bond brokers and mutual funds 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 mutual funds agent. Additionally, a bond broker has an average salary of $64,594, which is higher than the $31,809 average annual salary of a mutual funds agent.

The top three skills for a bond broker include bonds, securities and fixed income. The most important skills for a mutual funds agent are mutual funds, securities, and financial products.

Bond broker vs mutual funds agent overview

	Bond Broker	Mutual Funds Agent
Yearly salary	$64,594	$31,809
Hourly rate	$31.05	$15.29
Growth rate	10%	10%
Number of jobs	1,863	28,493
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 66%
Average age	43	43
Years of experience	6	6

Bond broker vs mutual funds agent salary

Bond brokers and mutual funds agents have different pay scales, as shown below.

	Bond Broker	Mutual Funds Agent
Average salary	$64,594	$31,809
Salary range	Between $39,000 And $105,000	Between $20,000 And $49,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between bond broker and mutual funds agent education

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

	Bond Broker	Mutual Funds Agent
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Bond broker vs mutual funds agent demographics

Here are the differences between bond brokers' and mutual funds agents' demographics:

	Bond Broker	Mutual Funds Agent
Average age	43	43
Gender ratio	Male, 87.7% Female, 12.3%	Male, 51.9% Female, 48.1%
Race ratio	Black 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, 12.3% Asian, 9.0% White, 68.5% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between bond broker and mutual funds 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).

Mutual funds agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Provide prospects and clients with financial plans and sell securities and insurance consistent with say plans.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Bond broker vs mutual funds agent skills

Common bond broker skills

Bonds, 27%
Securities, 12%
Fixed Income, 11%
Treasury, 9%
Portfolio, 6%
Bloomberg, 6%

Common mutual funds agent skills

Mutual Funds, 20%
Securities, 17%
Financial Products, 15%
Inbound Calls, 13%
Loan Applications, 12%
Outbound Calls, 6%

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Bond Broker
Bond Broker vs Mutual Funds Agent

Updated January 8, 2025

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