General agent vs broker

The differences between general agents and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $39,307 average annual salary of a general agent.

The top three skills for a general agent include health insurance products, life insurance policies and life insurance. The most important skills for a broker are brokerage, financial services, and insurance products.

General agent vs broker overview

	General Agent	Broker
Yearly salary	$39,307	$124,861
Hourly rate	$18.90	$60.03
Growth rate	6%	5%
Number of jobs	94,740	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 66%
Average age	46	49
Years of experience	-	-

General agent vs broker salary

General agents and brokers have different pay scales, as shown below.

	General Agent	Broker
Average salary	$39,307	$124,861
Salary range	Between $27,000 And $55,000	Between $68,000 And $227,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Child Guidance & Family Solutions
Best paying industry	-	Insurance

Differences between general agent and broker education

There are a few differences between a general agent and a broker in terms of educational background:

	General Agent	Broker
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

General agent vs broker demographics

Here are the differences between general agents' and brokers' demographics:

	General Agent	Broker
Average age	46	49
Gender ratio	Male, 73.5% Female, 26.5%	Male, 63.8% Female, 36.2%
Race ratio	Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.3% American Indian and Alaska Native, 0.1%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	13%

Differences between general agent and broker duties and responsibilities

General agent example responsibilities.

Increase sales of life, annuities, disability and securities from [] to []
Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
Help maintain Primerica as the number one source for insurance needs by directly switching accounts over to the company.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
Install the oracle client for windows.

General agent vs broker skills

Common general agent skills

Health Insurance Products, 11%
Life Insurance Policies, 10%
Life Insurance, 8%
Life Insurance Products, 7%
Long-Term Care, 7%
Disability Insurance, 6%

Common broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%