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Floor broker vs mutual funds agent

The differences between floor brokers and mutual funds 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 mutual funds agent. Additionally, a floor broker has an average salary of $70,084, which is higher than the $31,809 average annual salary of a mutual funds agent.

The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for a mutual funds agent are mutual funds, securities, and financial products.

Floor broker vs mutual funds agent overview

Floor BrokerMutual Funds Agent
Yearly salary$70,084$31,809
Hourly rate$33.69$15.29
Growth rate10%10%
Number of jobs18,09728,493
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 66%
Average age4343
Years of experience66

Floor broker vs mutual funds agent salary

Floor brokers and mutual funds agents have different pay scales, as shown below.

Floor BrokerMutual Funds Agent
Average salary$70,084$31,809
Salary rangeBetween $41,000 And $117,000Between $20,000 And $49,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between floor broker and mutual funds agent education

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

Floor BrokerMutual Funds Agent
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 66%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Floor broker vs mutual funds agent demographics

Here are the differences between floor brokers' and mutual funds agents' demographics:

Floor BrokerMutual Funds Agent
Average age4343
Gender ratioMale, 89.7% Female, 10.3%Male, 51.9% Female, 48.1%
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, 12.3% Asian, 9.0% White, 68.5% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between floor broker and mutual funds 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

Mutual funds agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Provide prospects and clients with financial plans and sell securities and insurance consistent with say plans.
  • Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.
  • Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Floor broker vs mutual funds agent skills

Common floor broker skills
  • Customer Orders, 16%
  • NYSE, 14%
  • Order Flow, 13%
  • Client Relations, 6%
  • Institutional Clients, 5%
  • Market Trends, 4%
Common mutual funds agent skills
  • Mutual Funds, 20%
  • Securities, 17%
  • Financial Products, 15%
  • Inbound Calls, 13%
  • Loan Applications, 12%
  • Outbound Calls, 6%