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Commission broker vs sales representative

The differences between commission brokers and sales representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a commission broker and a sales representative. Additionally, a sales representative has an average salary of $56,591, which is higher than the $55,033 average annual salary of a commission broker.

The top three skills for a commission broker include broker commissions, medicare and test suites. The most important skills for a sales representative are sales process, product knowledge, and customer service.

Commission broker vs sales representative overview

Commission BrokerSales Representative
Yearly salary$55,033$56,591
Hourly rate$26.46$27.21
Growth rate4%4%
Number of jobs2,025205,456
Job satisfaction-4.33
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Average age4747
Years of experience44

Commission broker vs sales representative salary

Commission brokers and sales representatives have different pay scales, as shown below.

Commission BrokerSales Representative
Average salary$55,033$56,591
Salary rangeBetween $37,000 And $80,000Between $33,000 And $94,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-Google
Best paying industry-Pharmaceutical

Differences between commission broker and sales representative education

There are a few differences between a commission broker and a sales representative in terms of educational background:

Commission BrokerSales Representative
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY College of Technology at Alfred

Commission broker vs sales representative demographics

Here are the differences between commission brokers' and sales representatives' demographics:

Commission BrokerSales Representative
Average age4747
Gender ratioMale, 49.0% Female, 51.0%Male, 58.1% Female, 41.9%
Race ratioBlack or African American, 3.1% Unknown, 3.6% Hispanic or Latino, 9.8% Asian, 4.3% White, 79.0% American Indian and Alaska Native, 0.2%Black or African American, 3.9% Unknown, 3.7% Hispanic or Latino, 14.5% Asian, 5.2% White, 72.5% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between commission broker and sales representative duties and responsibilities

Commission broker example responsibilities.

  • Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
  • Cash management, internal/external investigations, high profile courrier service, collections, financial records, CCTV implementation and surveillance management.
  • Comply with HUD guidelines and requirements prior to acquisition of properties.

Sales representative example responsibilities.

  • Manage prospective leads and existing accounts through a CRM platform to accurately forecast revenue and develop long-term business partnerships.
  • Manage and create all content distribute via various social media outlets: Facebook, twitter, feedback blogs, etc.
  • Search for procurement contracts, attend trade shows, design flyers, postcards, etc.
  • Utilize POS sales software to maintain monetary sales information produce reports for organizational review.
  • Develop and maintain business relationships with businesses and policyholders using establish methods such as customer relationship management CRM.
  • Handle administrative and sales duties as Jr.
  • Show more

Commission broker vs sales representative skills

Common commission broker skills
  • Broker Commissions, 42%
  • Medicare, 34%
  • Test Suites, 10%
  • SQL, 7%
  • Commission Statements, 7%
Common sales representative skills
  • Sales Process, 9%
  • Product Knowledge, 9%
  • Customer Service, 7%
  • CRM, 6%
  • Business Development, 6%
  • Sales REP, 5%