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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 | Outside Sales Representative | |
| Yearly salary | $86,114 | $60,443 |
| Hourly rate | $41.40 | $29.06 |
| Growth rate | 10% | 4% |
| Number of jobs | 175,031 | 218,034 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 43 | 47 |
| 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.
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 representatives and outside sales representatives have different pay scales, as shown below.
| Finance & Sales Representative | Outside Sales Representative | |
| Average salary | $86,114 | $60,443 |
| Salary range | Between $62,000 And $119,000 | Between $41,000 And $87,000 |
| Highest paying City | - | Minneapolis, MN |
| Highest paying state | - | New Jersey |
| Best paying company | - | Microsoft |
| Best paying industry | - | Manufacturing |
There are a few differences between a finance & sales representative and an outside sales representative in terms of educational background:
| Finance & Sales Representative | Outside Sales Representative | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | SUNY College of Technology at Alfred |
Here are the differences between finance & sales representatives' and outside sales representatives' demographics:
| Finance & Sales Representative | Outside Sales Representative | |
| Average age | 43 | 47 |
| Gender ratio | Male, 57.3% Female, 42.7% | Male, 71.5% Female, 28.5% |
| 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, 3.9% Unknown, 3.7% Hispanic or Latino, 14.4% Asian, 5.2% White, 72.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |