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The differences between investment representatives and finance service representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an investment representative, becoming a finance service representative takes usually requires 2-4 years. Additionally, an investment representative has an average salary of $65,361, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for an investment representative include money management, mutual funds and financial services. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.
| Investment Representative | Finance Service Representative | |
| Yearly salary | $65,361 | $38,361 |
| Hourly rate | $31.42 | $18.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 35,914 | 220,519 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | 6 | 4 |
Investment representatives, also known as financial advisers, usually work in a bank, investment company, credit institution, or other financial firm. They handle the marketing and promotion of financial services and give clients investment advice. They do this is the phone or through face-to-face transactions. This position requires someone to be customer-oriented, communicate effectively, and know how to handle a crisis.
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.
Investment representatives and finance service representatives have different pay scales, as shown below.
| Investment Representative | Finance Service Representative | |
| Average salary | $65,361 | $38,361 |
| Salary range | Between $37,000 And $112,000 | Between $25,000 And $58,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | American Century Investments | Bloomberg |
| Best paying industry | Finance | Government |
There are a few differences between an investment representative and a finance service representative in terms of educational background:
| Investment Representative | Finance Service Representative | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment representatives' and finance service representatives' demographics:
| Investment Representative | Finance Service Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 72.1% Female, 27.9% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.9% White, 67.4% American Indian and Alaska Native, 0.2% | 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 | 6% | 6% |