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The differences between finance specialists and finance service representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for a finance specialist include customer service, phone calls and cash handling. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.
| Finance Specialist | Finance Service Representative | |
| Yearly salary | $61,666 | $38,361 |
| Hourly rate | $29.65 | $18.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 97,216 | 220,519 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | - | 4 |
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
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 specialists and finance service representatives have different pay scales, as shown below.
| Finance Specialist | Finance Service Representative | |
| Average salary | $61,666 | $38,361 |
| Salary range | Between $37,000 And $100,000 | Between $25,000 And $58,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Bloomberg | |
| Best paying industry | Finance | Government |
There are a few differences between a finance specialist and a finance service representative in terms of educational background:
| Finance Specialist | Finance Service Representative | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance specialists' and finance service representatives' demographics:
| Finance Specialist | Finance Service Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 42.1% Female, 57.9% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | 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 | 4% | 6% |