Bonding agent vs agent

The differences between bonding agents and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an agent has an average salary of $37,864, which is higher than the $35,360 average annual salary of a bonding agent.

The top three skills for a bonding agent include bonds, data entry and customer service. The most important skills for an agent are insurance products, customer service, and life insurance.

Bonding agent vs agent overview

	Bonding Agent	Agent
Yearly salary	$35,360	$37,864
Hourly rate	$17.00	$18.20
Growth rate	10%	6%
Number of jobs	28,068	184,325
Job satisfaction	-	2
Most common degree	High School Diploma, 34%	Bachelor's Degree, 44%
Average age	43	46
Years of experience	6	-

Bonding agent vs agent salary

Bonding agents and agents have different pay scales, as shown below.

	Bonding Agent	Agent
Average salary	$35,360	$37,864
Salary range	Between $22,000 And $55,000	Between $19,000 And $72,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Latham & Watkins
Best paying industry	-	-

Differences between bonding agent and agent education

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

	Bonding Agent	Agent
Most common degree	High School Diploma, 34%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	California State University - Bakersfield	University of Pennsylvania

Bonding agent vs agent demographics

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

	Bonding Agent	Agent
Average age	43	46
Gender ratio	Male, 31.7% Female, 68.3%	Male, 50.5% Female, 49.5%
Race ratio	Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.0% White, 68.3% American Indian and Alaska Native, 0.2%	Black 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%
LGBT Percentage	6%	7%

Differences between bonding agent and agent duties and responsibilities

Bonding agent example responsibilities.

Manage for multiple medical clients performing tasks such as medical billing, submitting insurance and verifying insurance including Medicare and Medicaid.
Work daily in QuickBooks, Microsoft word and excel
Manage for multiple medical clients performing tasks such as medical billing, submitting insurance and verifying insurance including Medicare and Medicaid.
Travele to municipalities to sign bond agreements between facility and company of representation.
Conduct investigations and prepare reports with recommendation for bond or custody of individuals charge with illegal entry.
Conduct presentations regarding all policy information offer through AFLAC

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.

Bonding agent vs agent skills

Common bonding agent skills

Bonds, 28%
Data Entry, 18%
Customer Service, 15%
Court Dates, 12%
Phone Calls, 5%
Local Law Enforcement, 4%

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%