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Floor broker vs direct sales agent

The differences between floor brokers and direct sales agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a floor broker and a direct sales agent. Additionally, a floor broker has an average salary of $70,084, which is higher than the $57,712 average annual salary of a direct sales agent.

The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for a direct sales agent are customer service, medicare, and health insurance.

Floor broker vs direct sales agent overview

Floor BrokerDirect Sales Agent
Yearly salary$70,084$57,712
Hourly rate$33.69$27.75
Growth rate10%10%
Number of jobs18,097225,552
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 53%
Average age4343
Years of experience66

Floor broker vs direct sales agent salary

Floor brokers and direct sales agents have different pay scales, as shown below.

Floor BrokerDirect Sales Agent
Average salary$70,084$57,712
Salary rangeBetween $41,000 And $117,000Between $30,000 And $107,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-TechnipFMC
Best paying industry--

Differences between floor broker and direct sales agent education

There are a few differences between a floor broker and a direct sales agent in terms of educational background:

Floor BrokerDirect Sales Agent
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 53%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Floor broker vs direct sales agent demographics

Here are the differences between floor brokers' and direct sales agents' demographics:

Floor BrokerDirect Sales Agent
Average age4343
Gender ratioMale, 89.7% Female, 10.3%Male, 58.0% Female, 42.0%
Race ratioBlack or African American, 5.8% Unknown, 4.1% Hispanic or Latino, 12.2% Asian, 10.2% White, 67.4% American Indian and Alaska Native, 0.2%Black or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.3% White, 68.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between floor broker and direct sales agent duties and responsibilities

Floor broker example responsibilities.

  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Specialize in both equities and list option trading.
  • Participate in stock index futures arbitrage program between NY and Chicago.
  • Trade proprietary money for commodities clearing house in all commodities and equities markets.
  • Well verse in the pricing and valuation of derivative securities with a strong knowledge of mathematical and statistical analysis.
  • Arbitrage duties: receive, collate, and process orders from firms and traders that brokers execute in the pit.
  • Show more

Direct sales agent example responsibilities.

  • Increase customer understanding of Comcast products and pricing models as well as competitive advantage over other service providers.
  • Produce call reports and CRM dashboards.
  • Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.
  • Contact new and existing customers to discuss how TWC products can meet their needs.
  • Maintain a professional, respectful, and helpful demeanor as a representative of TWC.
  • Communicate ongoing contact activity utilizing Salesforce.com.

Floor broker vs direct sales agent skills

Common floor broker skills
  • Customer Orders, 16%
  • NYSE, 14%
  • Order Flow, 13%
  • Client Relations, 6%
  • Institutional Clients, 5%
  • Market Trends, 4%
Common direct sales agent skills
  • Customer Service, 25%
  • Medicare, 15%
  • Health Insurance, 12%
  • Direct Sales, 11%
  • Underwriting Process, 6%
  • Product Knowledge, 5%