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Foreign exchange services manager vs internal wholesaler

The differences between foreign exchange services managers and internal wholesalers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a foreign exchange services manager and an internal wholesaler. Additionally, a foreign exchange services manager has an average salary of $63,384, which is higher than the $53,060 average annual salary of an internal wholesaler.

The top three skills for a foreign exchange services manager include foreign currency, balance sheet and foreign exchange operations. The most important skills for an internal wholesaler are customer service, inbound calls, and phone calls.

Foreign exchange services manager vs internal wholesaler overview

Foreign Exchange Services ManagerInternal Wholesaler
Yearly salary$63,384$53,060
Hourly rate$30.47$25.51
Growth rate-12%4%
Number of jobs52,59686,916
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 88%
Average age4646
Years of experience88

Foreign exchange services manager vs internal wholesaler salary

Foreign exchange services managers and internal wholesalers have different pay scales, as shown below.

Foreign Exchange Services ManagerInternal Wholesaler
Average salary$63,384$53,060
Salary rangeBetween $34,000 And $115,000Between $35,000 And $79,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between foreign exchange services manager and internal wholesaler education

There are a few differences between a foreign exchange services manager and an internal wholesaler in terms of educational background:

Foreign Exchange Services ManagerInternal Wholesaler
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 88%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Foreign exchange services manager vs internal wholesaler demographics

Here are the differences between foreign exchange services managers' and internal wholesalers' demographics:

Foreign Exchange Services ManagerInternal Wholesaler
Average age4646
Gender ratioMale, 71.2% Female, 28.8%Male, 74.8% Female, 25.2%
Race ratioBlack or African American, 6.5% Unknown, 3.9% Hispanic or Latino, 17.1% Asian, 7.2% White, 64.9% American Indian and Alaska Native, 0.4%Black or African American, 7.5% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.9% White, 66.7% American Indian and Alaska Native, 0.4%
LGBT Percentage6%6%

Differences between foreign exchange services manager and internal wholesaler duties and responsibilities

Foreign exchange services manager example responsibilities.

  • Manage and develop the daily clinical schedule for the in-patient rehabilitation staff taking into consideration Medicare guidelines and staffing ratios.
  • Manage and develop the daily clinical schedule for the in-patient rehabilitation staff taking into consideration Medicare guidelines and staffing ratios.
  • Generate price discovery and execute desired positions across various products including volatility views through straddles and variance swaps.

Internal wholesaler example responsibilities.

  • Lead cross-functional project team that develop a comprehensive presentation for improving AnnuityNet.
  • Team with external wholesaler to develop sales and servicing strategy in order to manage assign sales region effectively.
  • Prepare and utilize creative PowerPoint presentations for recap and analysis of various promotional events and for persuasive sales presentations.
  • Leverage superior public speaking and persuasion skills to gather assets.
  • Market DI and LTC products to brokers and insurance agents.
  • Offer cross-selling ideas and propose new concepts for gathering assets under management.
  • Show more

Foreign exchange services manager vs internal wholesaler skills

Common foreign exchange services manager skills
  • Foreign Currency, 21%
  • Balance Sheet, 15%
  • Foreign Exchange Operations, 15%
  • Treasury, 14%
  • SOX, 11%
  • Cash Flow, 11%
Common internal wholesaler skills
  • Customer Service, 6%
  • Inbound Calls, 6%
  • Phone Calls, 5%
  • Marketing Campaigns, 5%
  • Sales Support, 5%
  • Sales Ideas, 4%