Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance & sales representatives and sales development 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 sales development representative. Additionally, a finance & sales representative has an average salary of $86,114, which is higher than the $51,504 average annual salary of a sales development representative.
The top three skills for a finance & sales representative include financial products, work ethic and customer service. The most important skills for a sales development representative are SDR, lead generation, and customer service.
| Finance & Sales Representative | Sales Development Representative | |
| Yearly salary | $86,114 | $51,504 |
| Hourly rate | $41.40 | $24.76 |
| Growth rate | 10% | 4% |
| Number of jobs | 175,031 | 199,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 83% |
| 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.
A sales development representative qualifies leads at the sales funnel's initial stages. Sales development representatives need to conduct research for prospective clients and qualify the leads before handing them to the sales team. They develop sales strategies to attract buyers or solicit potential customers. They need to build relationships with their customers to determine their needs and qualify the viability of interests to drive sales. Also, they collaborate with the sales executives making certain that corporate targets and goals are met.
Finance & sales representatives and sales development representatives have different pay scales, as shown below.
| Finance & Sales Representative | Sales Development Representative | |
| Average salary | $86,114 | $51,504 |
| Salary range | Between $62,000 And $119,000 | Between $34,000 And $77,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Alaska |
| Best paying company | - | PitchBook Data |
| Best paying industry | - | Start-up |
There are a few differences between a finance & sales representative and a sales development representative in terms of educational background:
| Finance & Sales Representative | Sales Development Representative | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 83% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance & sales representatives' and sales development representatives' demographics:
| Finance & Sales Representative | Sales Development Representative | |
| Average age | 43 | 47 |
| Gender ratio | Male, 57.3% Female, 42.7% | Male, 63.1% Female, 36.9% |
| 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, 14.5% Asian, 5.2% White, 72.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |