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Finance & sales representative vs outside sales representative

The differences between finance & sales representatives and outside 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 finance & sales representative and an outside sales representative. Additionally, a finance & sales representative has an average salary of $86,114, which is higher than the $60,443 average annual salary of an outside sales representative.

The top three skills for a finance & sales representative include financial products, work ethic and customer service. The most important skills for an outside sales representative are customer service, work ethic, and sales process.

Finance & sales representative vs outside sales representative overview

Finance & Sales RepresentativeOutside Sales Representative
Yearly salary$86,114$60,443
Hourly rate$41.40$29.06
Growth rate10%4%
Number of jobs175,031218,034
Job satisfaction-4.5
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 67%
Average age4347
Years of experience44

What does a finance & sales representative do?

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.

What does an outside sales representative do?

An Outside Sales Representative specializes in customer service and relations, focusing on reaching sales targets through selling and networking with clients. Among the duties revolve around reaching out to customers through calls, email, or even arranging appointments, monitoring and keeping an organized record of sales, communicating with managers or supervisors, adhering to the company's policies and regulations, and keeping extensive knowledge about the brand and the trends. Besides building rapport with customers, it is also essential for an Outside Sales Representative to be proactive and create strategies to help meet the sales target.

Finance & sales representative vs outside sales representative salary

Finance & sales representatives and outside sales representatives have different pay scales, as shown below.

Finance & Sales RepresentativeOutside Sales Representative
Average salary$86,114$60,443
Salary rangeBetween $62,000 And $119,000Between $41,000 And $87,000
Highest paying City-Minneapolis, MN
Highest paying state-New Jersey
Best paying company-Microsoft
Best paying industry-Manufacturing

Differences between finance & sales representative and outside sales representative education

There are a few differences between a finance & sales representative and an outside sales representative in terms of educational background:

Finance & Sales RepresentativeOutside Sales Representative
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY College of Technology at Alfred

Finance & sales representative vs outside sales representative demographics

Here are the differences between finance & sales representatives' and outside sales representatives' demographics:

Finance & Sales RepresentativeOutside Sales Representative
Average age4347
Gender ratioMale, 57.3% Female, 42.7%Male, 71.5% Female, 28.5%
Race ratioBlack 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, 3.9% Unknown, 3.7% Hispanic or Latino, 14.4% Asian, 5.2% White, 72.6% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between finance & sales representative and outside sales representative duties and responsibilities

Finance & sales representative example responsibilities.

  • Manage customer portfolios, service relationships, and used profiling analysis tools to identify cross-selling opportunities.
  • Perform advance math functions with capability to analyze credit and financial information.
  • Used profiling analysis tools to identify cross-sell opportunities and ultimately increase the product-per-customer ratio.
  • Perform monthly client-profitability analysis using branch profit and loss metrics in order to maximize current client profitability and cross-sell opportunities.
  • Provide notary services of documents for customers and partners.
  • Take lending applications, open new accounts, notary services.
  • Show more

Outside sales representative example responsibilities.

  • Manage and maintain a weekly quota for broadband, and other wireless products.
  • Utilize CRM database to manage and track prospect interaction to ensure accurate documentation of window requirements and ongoing communication.
  • Web dev, SEO, PPC etc . )
  • Participate in the launching and marketing of broadband internet in Orlando with great success.
  • Provide care, materials, and essential tools for doctors and nurses working on patients in the E.R.
  • Create and maintain successful business partnerships with customers by analyzing, meeting and understanding their needs and patients needs.
  • Show more

Finance & sales representative vs outside sales representative skills

Common finance & sales representative skills
  • Financial Products, 11%
  • Work Ethic, 8%
  • Customer Service, 8%
  • Loan Applications, 7%
  • Product Knowledge, 6%
  • FSR, 6%
Common outside sales representative skills
  • Customer Service, 17%
  • Work Ethic, 8%
  • Sales Process, 4%
  • Business Sales, 4%
  • Cold Calls, 4%
  • Product Knowledge, 4%