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The differences between business sales representatives and insurance sales representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales representative has an average salary of $61,386, which is higher than the $58,288 average annual salary of a business sales representative.
The top three skills for a business sales representative include business sales, customer accounts and customer service. The most important skills for an insurance sales representative are customer service, excellent time management, and work ethic.
| Business Sales Representative | Insurance Sales Representative | |
| Yearly salary | $58,288 | $61,386 |
| Hourly rate | $28.02 | $29.51 |
| Growth rate | 4% | 6% |
| Number of jobs | 226,438 | 201,879 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Average age | 47 | 46 |
| Years of experience | 4 | - |
A business sales representative's role is to develop strategies in identifying leads and opportunities to secure sales. Their responsibilities revolve around reaching out to clients to offer products and services, discussing the pricing and specifications of products, processing payments, and gathering necessary client information. They may also arrange appointments with clients to negotiate and sign contracts. Furthermore, as a business sales representative, it is essential to produce progress reports and presentations, handle issues and complaints, maintain records of all transactions, and regularly update databases.
An insurance sales representative is primarily responsible for securing insurance sales by reaching out to clients through calls, correspondence, and even appointments. They are also responsible for gathering client information, discussing and recommending suitable terms, and even providing advice to meet their needs, all while building rapport to ensure customer satisfaction. There are also instances where they have to adjust existing terms, assist in filling out applications, and produce progress reports. Furthermore, it is essential to devise strategies to find new sales opportunities, as most insurance sales representatives must reach a particular sales target.
Business sales representatives and insurance sales representatives have different pay scales, as shown below.
| Business Sales Representative | Insurance Sales Representative | |
| Average salary | $58,288 | $61,386 |
| Salary range | Between $31,000 And $108,000 | Between $38,000 And $97,000 |
| Highest paying City | Bothell, WA | Washington, DC |
| Highest paying state | Washington | New York |
| Best paying company | Amazon | FFL Partners |
| Best paying industry | - | Finance |
There are a few differences between a business sales representative and an insurance sales representative in terms of educational background:
| Business Sales Representative | Insurance Sales Representative | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between business sales representatives' and insurance sales representatives' demographics:
| Business Sales Representative | Insurance Sales Representative | |
| Average age | 47 | 46 |
| Gender ratio | Male, 61.4% Female, 38.6% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 3.8% Unknown, 3.7% Hispanic or Latino, 14.3% Asian, 5.2% White, 72.7% American Indian and Alaska Native, 0.2% | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 7% |