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The differences between investment representatives and licensed 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 an investment representative and a licensed sales agent. Additionally, an investment representative has an average salary of $65,361, which is higher than the $36,453 average annual salary of a licensed sales agent.
The top three skills for an investment representative include money management, mutual funds and financial services. The most important skills for a licensed sales agent are real estate, lead generation, and customer service.
| Investment Representative | Licensed Sales Agent | |
| Yearly salary | $65,361 | $36,453 |
| Hourly rate | $31.42 | $17.53 |
| Growth rate | 10% | 10% |
| Number of jobs | 35,914 | 63,324 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 55% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
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 sales agent is the one who serves as a seller for the customer. They are the one who fulfills and allows them to choose a product or item that they need. Some of their tasks include offering products, taking orders, and providing services for clients. Also, they keep the required documents to report errors or dissatisfaction. Their skills involve being customer-oriented, good management skills, and can communicate effectively.
Investment representatives and licensed sales agents have different pay scales, as shown below.
| Investment Representative | Licensed Sales Agent | |
| Average salary | $65,361 | $36,453 |
| Salary range | Between $37,000 And $112,000 | Between $25,000 And $51,000 |
| Highest paying City | New York, NY | Minnetonka, MN |
| Highest paying state | New York | New York |
| Best paying company | American Century Investments | Oracle |
| Best paying industry | Finance | Finance |
There are a few differences between an investment representative and a licensed sales agent in terms of educational background:
| Investment Representative | Licensed Sales Agent | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between investment representatives' and licensed sales agents' demographics:
| Investment Representative | Licensed Sales Agent | |
| Average age | 43 | 43 |
| Gender ratio | Male, 72.1% Female, 27.9% | Male, 45.1% Female, 54.9% |
| 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, 5.9% Unknown, 4.2% Hispanic or Latino, 12.6% Asian, 9.5% White, 67.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |