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The differences between finance & sales representatives 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 & sales representative and a finance service representative. Additionally, a finance & sales representative has an average salary of $86,114, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for a finance & sales representative include financial products, work ethic and customer service. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.
| Finance & Sales Representative | Finance Service Representative | |
| Yearly salary | $86,114 | $38,361 |
| Hourly rate | $41.40 | $18.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 175,031 | 220,519 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A finance and sales representative is responsible for selling financial services and instruments to clients according to their needs and requirements. Finance and sales representatives identify the clients' long-term financial goals and objectives to provide accurate investment options and plans by considering their risk tolerance and credit performance. They also follow the movement of the stock market and inform the clients of any changes that may affect their portfolio and financial stability. A finance and sales representative must have excellent analytical and communication skills, especially in handling client accounts and developing financial strategies for their best interests.
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 & sales representatives and finance service representatives have different pay scales, as shown below.
| Finance & Sales Representative | Finance Service Representative | |
| Average salary | $86,114 | $38,361 |
| Salary range | Between $62,000 And $119,000 | Between $25,000 And $58,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Bloomberg |
| Best paying industry | - | Government |
There are a few differences between a finance & sales representative and a finance service representative in terms of educational background:
| Finance & Sales Representative | Finance Service Representative | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance & sales representatives' and finance service representatives' demographics:
| Finance & Sales Representative | Finance Service Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 57.3% Female, 42.7% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 9.9% White, 68.1% 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% |