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The differences between correspondents and business reporters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a correspondent and a business reporter. Additionally, a correspondent has an average salary of $82,217, which is higher than the $45,788 average annual salary of a business reporter.
The top three skills for a correspondent include news stories, news coverage and feature stories. The most important skills for a business reporter are news stories, business news, and real estate.
| Correspondent | Business Reporter | |
| Yearly salary | $82,217 | $45,788 |
| Hourly rate | $39.53 | $22.01 |
| Growth rate | -10% | -10% |
| Number of jobs | 2,835 | 54,760 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 81% |
| Average age | 40 | 40 |
| Years of experience | 2 | 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.
A business reporter typically writes articles with regards to breaking news making readers get informed about the industry's current changes and major events. Business reporters gather and analyze facts with regards to events that are newsworthy. They collect information through investigation, research, observation, or interview. Generally, they write and report stories for news magazines, television, newspaper, or radio. It is part of their job to establish innovative ideas for writing news that is associated with a business.
Correspondents and business reporters have different pay scales, as shown below.
| Correspondent | Business Reporter | |
| Average salary | $82,217 | $45,788 |
| Salary range | Between $50,000 And $134,000 | Between $28,000 And $73,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | American Broadcasting Company | The New York Times Company |
| Best paying industry | Media | Media |
There are a few differences between a correspondent and a business reporter in terms of educational background:
| Correspondent | Business Reporter | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 81% |
| Most common major | Journalism | Journalism |
| Most common college | Northwestern University | Massachusetts Institute of Technology |
Here are the differences between correspondents' and business reporters' demographics:
| Correspondent | Business Reporter | |
| Average age | 40 | 40 |
| Gender ratio | Male, 45.0% Female, 55.0% | Male, 54.1% Female, 45.9% |
| 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, 6.3% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 9.5% White, 67.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |