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The differences between brokers and carriers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $37,242 average annual salary of a carrier.
The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a carrier are logistics, newspapers, and delivery sequence.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
The duties of a carrier primarily depend on their industry or organization of employment. In the logistics industry, a carrier is responsible for delivering goods in a timely and efficient manner. Their tasks usually include traveling to different areas to deliver or pick-up packages, handling documentation, coordinating with logistics managers, and communicating with the clients to answer any inquiries or provide delivery updates. Moreover, a carrier performs regular vehicle maintenance checks and complies with traffic rules and regulations for a smooth and efficient workflow.
Brokers and carriers have different pay scales, as shown below.
| Broker | Carrier | |
| Average salary | $124,861 | $37,242 |
| Salary range | Between $68,000 And $227,000 | Between $19,000 And $69,000 |
| Highest paying City | New York, NY | Cupertino, CA |
| Highest paying state | New York | Oregon |
| Best paying company | Child Guidance & Family Solutions | Meta |
| Best paying industry | Insurance | Professional |
There are a few differences between a broker and a carrier in terms of educational background:
| Broker | Carrier | |
| Most common degree | Bachelor's Degree, 66% | High School Diploma, 33% |
| Most common major | Business | Business |
| Most common college | University of Southern California | - |
Here are the differences between brokers' and carriers' demographics:
| Broker | Carrier | |
| Average age | 49 | 49 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% | Black or African American, 10.9% Unknown, 4.3% Hispanic or Latino, 16.7% Asian, 6.5% White, 61.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 13% | 9% |