Post job

Bonding agent vs floor broker

The differences between bonding agents and floor brokers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a bonding agent and a floor broker. Additionally, a floor broker has an average salary of $70,084, 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 a floor broker are customer orders, NYSE, and order flow.

Bonding agent vs floor broker overview

Bonding AgentFloor Broker
Yearly salary$35,360$70,084
Hourly rate$17.00$33.69
Growth rate10%10%
Number of jobs28,06818,097
Job satisfaction--
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 82%
Average age4343
Years of experience66

Bonding agent vs floor broker salary

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

Bonding AgentFloor Broker
Average salary$35,360$70,084
Salary rangeBetween $22,000 And $55,000Between $41,000 And $117,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between bonding agent and floor broker education

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

Bonding AgentFloor Broker
Most common degreeHigh School Diploma, 34%Bachelor's Degree, 82%
Most common majorBusinessFinance
Most common collegeCalifornia State University - BakersfieldUniversity of Pennsylvania

Bonding agent vs floor broker demographics

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

Bonding AgentFloor Broker
Average age4343
Gender ratioMale, 31.7% Female, 68.3%Male, 89.7% Female, 10.3%
Race ratioBlack 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, 5.8% Unknown, 4.1% Hispanic or Latino, 12.2% Asian, 10.2% White, 67.4% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between bonding agent and floor broker 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

Floor broker example responsibilities.

  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Specialize in both equities and list option trading.
  • Participate in stock index futures arbitrage program between NY and Chicago.
  • Trade proprietary money for commodities clearing house in all commodities and equities markets.
  • Well verse in the pricing and valuation of derivative securities with a strong knowledge of mathematical and statistical analysis.
  • Arbitrage duties: receive, collate, and process orders from firms and traders that brokers execute in the pit.
  • Show more

Bonding agent vs floor broker skills

Common bonding agent skills
  • Bonds, 28%
  • Data Entry, 18%
  • Customer Service, 15%
  • Court Dates, 12%
  • Phone Calls, 5%
  • Local Law Enforcement, 4%
Common floor broker skills
  • Customer Orders, 16%
  • NYSE, 14%
  • Order Flow, 13%
  • Client Relations, 6%
  • Institutional Clients, 5%
  • Market Trends, 4%