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The differences between correspondents and brokers 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 $82,217 average annual salary of a correspondent.
The top three skills for a correspondent include news stories, news coverage and feature stories. The most important skills for a broker are brokerage, financial services, and insurance products.
| Correspondent | Broker | |
| Yearly salary | $82,217 | $124,861 |
| Hourly rate | $39.53 | $60.03 |
| Growth rate | -10% | 5% |
| Number of jobs | 2,835 | 2,770 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Average age | 40 | 49 |
| Years of experience | 2 | - |
A Correspondent is the backbone of every news agency today. It is through the correspondent experts write the news of a particular topic. Through Correspondents, a news agency can get an in-depth report of happenings and events which may not be possible through ordinary reporters. Correspondents are expected to have versatility and command on a particular topic. They are resourceful in finding newsworthy articles and getting the necessary interviews and data for a well-balanced informative report.
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.
Correspondents and brokers have different pay scales, as shown below.
| Correspondent | Broker | |
| Average salary | $82,217 | $124,861 |
| Salary range | Between $50,000 And $134,000 | Between $68,000 And $227,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | American Broadcasting Company | Child Guidance & Family Solutions |
| Best paying industry | Media | Insurance |
There are a few differences between a correspondent and a broker in terms of educational background:
| Correspondent | Broker | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Journalism | Business |
| Most common college | Northwestern University | University of Southern California |
Here are the differences between correspondents' and brokers' demographics:
| Correspondent | Broker | |
| Average age | 40 | 49 |
| Gender ratio | Male, 45.0% Female, 55.0% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 6.4% Unknown, 4.4% Hispanic or Latino, 12.7% Asian, 9.7% White, 66.5% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 10% | 13% |