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Finance service representative vs representative

The differences between finance service representatives and representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance service representative, becoming a representative takes usually requires 6-12 months. Additionally, a finance service representative has an average salary of $38,361, which is higher than the $36,023 average annual salary of a representative.

The top three skills for a finance service representative include financial services, patients and team-oriented environment. The most important skills for a representative are cleanliness, patients, and customer issues.

Finance service representative vs representative overview

Finance Service RepresentativeRepresentative
Yearly salary$38,361$36,023
Hourly rate$18.44$17.32
Growth rate10%-4%
Number of jobs220,519252,761
Job satisfaction-5
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 53%
Average age4340
Years of experience412

What does a finance service representative do?

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.

What does a representative do?

Representatives are lawmakers who represent the people in a specific district. They run for office to represent their districts in their hometown or their current place of living. Representatives are usually charismatic and good communicators. These characteristics are especially important during campaign and election periods. Representatives should be able to capture the hearts of the voters through their planned projects and advocacies. They are then elected by their constituents. Upon election, representatives author bills that will eventually be passed into law should it be approved by the majority of the congress. They also vote on the passage of bills authored by other representatives. They also participate in discussions and debates regarding different bills, issues, and laws. Representatives are expected to vote according to their conscience and in consideration of the voice of their constituents.

Finance service representative vs representative salary

Finance service representatives and representatives have different pay scales, as shown below.

Finance Service RepresentativeRepresentative
Average salary$38,361$36,023
Salary rangeBetween $25,000 And $58,000Between $23,000 And $55,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkNew York
Best paying companyBloombergGoogle
Best paying industryGovernmentTransportation

Differences between finance service representative and representative education

There are a few differences between a finance service representative and a representative in terms of educational background:

Finance Service RepresentativeRepresentative
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Finance service representative vs representative demographics

Here are the differences between finance service representatives' and representatives' demographics:

Finance Service RepresentativeRepresentative
Average age4340
Gender ratioMale, 41.2% Female, 58.8%Male, 41.8% Female, 58.2%
Race ratioBlack 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%Black or African American, 11.0% Unknown, 5.4% Hispanic or Latino, 20.9% Asian, 7.5% White, 54.4% American Indian and Alaska Native, 0.7%
LGBT Percentage6%7%

Differences between finance service representative and representative duties and responsibilities

Finance service representative example responsibilities.

  • Manage correspondent services including but not limit to wire processing, coin and currency, ACH support and international payments.
  • Gain excellent customer service skills and achieve award for completing voluntary MSR exams.1
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Maintain cleanliness and presentation of member service area and marketing information.
  • Originate and develop new business through effective profiling, relationship building, consultative customer service in a retail banking environment.
  • Count upon for accuracy and math skills.
  • Show more

Representative example responsibilities.

  • Manage fitting rooms and recover the department, while providing exceptional customer service and offering rewards and POS options.
  • Manage physical portfolio with necessary derivatives to mitigate risk within company guidelines.
  • Conduct telephone sales and interviews, compile and enter information into database, manage documents and insure customer satisfaction.
  • Review EOB denials, appeals and/or rebilling as appropriate.
  • Certify of all requirements, policies, and procedures, including MSB.
  • Take inbound phone calls from member and providers explaining the EOB denial and payments
  • Show more

Finance service representative vs representative skills

Common finance service representative skills
  • Financial Services, 15%
  • Patients, 8%
  • Team-Oriented Environment, 7%
  • Mutual Funds, 4%
  • Financial Products, 4%
  • Customer Service, 3%
Common representative skills
  • Cleanliness, 20%
  • Patients, 11%
  • Customer Issues, 10%
  • Customer Service, 10%
  • Data Entry, 6%
  • Outbound Calls, 3%