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Merchant vs finance sales consultant

The differences between merchants and finance sales consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a merchant has an average salary of $74,999, which is higher than the $45,562 average annual salary of a finance sales consultant.

The top three skills for a merchant include product development, gross margin and market trends. The most important skills for a finance sales consultant are customer satisfaction, sales process, and financial services.

Merchant vs finance sales consultant overview

MerchantFinance Sales Consultant
Yearly salary$74,999$45,562
Hourly rate$36.06$21.90
Growth rate-10%
Number of jobs15,395101,031
Job satisfaction-5
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 61%
Average age4143
Years of experience-4

What does a merchant do?

A merchant is responsible for selling goods and services for an organization to generate revenues by reaching out to existing and potential customers and discuss the products' features. Merchants must have extensive knowledge of the goods offered by the company to be able to respond to customers' inquiries and concerns accurately. They also maintain the adequacy of inventory for store orders, create purchase requests, and analyze sales performance. A merchant coordinates with the sales and marketing team to develop efficient promotional strategies and increase brand awareness on public platforms.

What does a finance sales consultant do?

A finance sales consultant helps sell financial products and services. They can work in various industries, such as home, automotive, or banking. They essentially assess their client's needs and provide financial solutions. There are a lot of skills needed to become a good finance sales consultant. However, great customer service and communication skills top the demand.

Merchant vs finance sales consultant salary

Merchants and finance sales consultants have different pay scales, as shown below.

MerchantFinance Sales Consultant
Average salary$74,999$45,562
Salary rangeBetween $47,000 And $119,000Between $34,000 And $59,000
Highest paying CitySan Francisco, CA-
Highest paying stateCalifornia-
Best paying companyLevi Strauss & Co.-
Best paying industryFinance-

Differences between merchant and finance sales consultant education

There are a few differences between a merchant and a finance sales consultant in terms of educational background:

MerchantFinance Sales Consultant
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Merchant vs finance sales consultant demographics

Here are the differences between merchants' and finance sales consultants' demographics:

MerchantFinance Sales Consultant
Average age4143
Gender ratioMale, 42.1% Female, 57.9%Male, 62.5% Female, 37.5%
Race ratioBlack or African American, 8.5% Unknown, 5.2% Hispanic or Latino, 23.3% Asian, 7.4% White, 55.1% American Indian and Alaska Native, 0.6%Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 10.2% White, 67.7% American Indian and Alaska Native, 0.2%
LGBT Percentage7%6%

Differences between merchant and finance sales consultant duties and responsibilities

Merchant example responsibilities.

  • Partner with production on achieving IMU targets and in store deliveries.
  • Manage merchandise deliverable deadlines: photography, copy, and inventory.
  • Manage the OTB to ensure seasonal sales, inventory levels, and margin objectives are met.
  • Lead online visual merchandising decisions base on in-depth understanding of weekly KPI s and high investment products.
  • Set and achieve monthly goals in new accounts and investment referrals; encourage cross-sells of services as per management
  • Manage social media (Facebook) by posting new content, questions, pictures, new arrivals, graphics, etc.
  • Show more

Finance sales consultant example responsibilities.

  • Process teller transactions, manage and service ATM, schedule and process cash shipments, and manage branch cash.
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Introduce Swagelok quality system and implement CRM system for operation optimization and organizational growth.
  • Perform monthly client-profitability analysis using branch profit and loss metrics in order to maximize current client profitability and cross-sell opportunities.
  • Balance cash drawer, vault, and ATM with exactness, also adding cash and correcting any disputes.
  • Supervise motivated and coach treasury management staff in all aspects of treasury management.

Merchant vs finance sales consultant skills

Common merchant skills
  • Product Development, 8%
  • Gross Margin, 7%
  • Market Trends, 7%
  • Customer Service, 6%
  • Strong Analytical, 6%
  • Math, 6%
Common finance sales consultant skills
  • Customer Satisfaction, 19%
  • Sales Process, 18%
  • Financial Services, 17%
  • Customer Service, 9%
  • Loan Applications, 6%
  • Workplace, 2%