Market maker vs agent

The differences between market makers and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a market maker has an average salary of $108,335, which is higher than the $37,864 average annual salary of an agent.

The top three skills for a market maker include equity options, portfolio risk and NASD. The most important skills for an agent are insurance products, customer service, and life insurance.

Market maker vs agent overview

	Market Maker	Agent
Yearly salary	$108,335	$37,864
Hourly rate	$52.08	$18.20
Growth rate	10%	6%
Number of jobs	17,618	184,325
Job satisfaction	-	2
Most common degree	Bachelor's Degree, 87%	Bachelor's Degree, 44%
Average age	43	46
Years of experience	6	-

Market maker vs agent salary

Market makers and agents have different pay scales, as shown below.

	Market Maker	Agent
Average salary	$108,335	$37,864
Salary range	Between $62,000 And $188,000	Between $19,000 And $72,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Latham & Watkins
Best paying industry	-	-

Differences between market maker and agent education

There are a few differences between a market maker and an agent in terms of educational background:

	Market Maker	Agent
Most common degree	Bachelor's Degree, 87%	Bachelor's Degree, 44%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Market maker vs agent demographics

Here are the differences between market makers' and agents' demographics:

	Market Maker	Agent
Average age	43	46
Gender ratio	Male, 92.1% Female, 7.9%	Male, 50.5% Female, 49.5%
Race ratio	Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.9% White, 67.9% American Indian and Alaska Native, 0.2%	Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage	6%	7%

Differences between market maker and agent duties and responsibilities

Market maker example responsibilities.

Manage and critiqu all trades execute on NYMEX trading floor via computer system.
Trade several equities and options names, managing all risk, capital and executing trades using electronic screen base software/technology.
Dissect and manage complex derivative position risks, manage risks and interpret complex financial documents.
Price and risk manage multiple positions in corporate derivatives, including accelerate share buyback programs and long-date convertible bond/call spread overlays.
Merge business operations to expand service offering to include etf's, options, and foreign adr's.
Analyze market conditions and make decisions to buy/sell equities using fundamental and technical analysis.

Agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Verify documentation and coding using CPT and ICD-9 correct coding standards.
Assist TANF customers with obtaining employment.
Direct compliance with all CPT and Medicare guidelines.
Train BDC representatives on phone skills and CRM use.
Bill appropriate ICD-9 codes to the correct insurance companies.

Market maker vs agent skills

Common market maker skills

Equity Options, 11%
Portfolio Risk, 9%
NASD, 7%
Financial Markets, 6%
Manage Risk, 6%
Equities, 5%

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%