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The differences between finance associates and finance service 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 finance associate and a finance service representative. Additionally, a finance associate has an average salary of $81,339, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.
| Finance Associate | Finance Service Representative | |
| Yearly salary | $81,339 | $38,361 |
| Hourly rate | $39.11 | $18.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 83,256 | 220,519 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
Finance associates perform various financial tasks for a company. These include managing accounting records, preparing payroll documents as well as financial and budget reports, and handling payments. Additionally, finance associates help with tax preparation, audits and reviews, and help with developing and implementing procedures, best practices, and policies for financial and accounting operations. The skills and qualifications for this role may include a bachelor's degree in finance or accounting, excellent communication skills, and attention to detail.
A financial service representative typically works for a bank or a similar establishment. One of their primary responsibilities is to reach out to clients and offer financial advice, services, or products such as insurance and credit cards. They can also set appointments, meet with clients to discuss benefits, and even gather applications. Furthermore, a financial service representative needs to have extensive knowledge of the products and services and be equipped with communication skills to build a rapport that will be essential in securing trust and sales.
Finance associates and finance service representatives have different pay scales, as shown below.
| Finance Associate | Finance Service Representative | |
| Average salary | $81,339 | $38,361 |
| Salary range | Between $50,000 And $130,000 | Between $25,000 And $58,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Pillsbury Winthrop Shaw Pittman | Bloomberg |
| Best paying industry | Professional | Government |
There are a few differences between a finance associate and a finance service representative in terms of educational background:
| Finance Associate | Finance Service Representative | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance associates' and finance service representatives' demographics:
| Finance Associate | Finance Service Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 10.1% White, 67.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |