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The differences between junior associates and finance service representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a junior associate and a finance service representative. Additionally, a junior associate has an average salary of $77,094, which is higher than the $38,361 average annual salary of a finance service representative.
The top three skills for a junior associate include powerpoint, litigation and financial statements. The most important skills for a finance service representative are financial services, patients, and team-oriented environment.
| Junior Associate | Finance Service Representative | |
| Yearly salary | $77,094 | $38,361 |
| Hourly rate | $37.06 | $18.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 30,525 | 220,519 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | 4 | 4 |
A junior associate is responsible for assisting with the law firm's operations by evaluating cases, performing client counseling, and attending court trials. Junior associates draft agreements and review claims with strict adherence to regulatory policies and procedures. They also request additional documents as necessary and update the lawyers of any updates regarding the case. A junior associate must be well-versed with the law and determine resolution by following the due process and representing the clients during hearing sessions.
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.
Junior associates and finance service representatives have different pay scales, as shown below.
| Junior Associate | Finance Service Representative | |
| Average salary | $77,094 | $38,361 |
| Salary range | Between $44,000 And $132,000 | 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 | Ropes & Gray | Bloomberg |
| Best paying industry | Finance | Government |
There are a few differences between a junior associate and a finance service representative in terms of educational background:
| Junior Associate | Finance Service Representative | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 60% |
| Most common major | Law | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior associates' and finance service representatives' demographics:
| Junior Associate | Finance Service Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.2% Asian, 12.2% White, 66.9% 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% |