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The differences between negotiators and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $63,632 average annual salary of a negotiator.
The top three skills for a negotiator include financial statements, powerpoint and nielsen. The most important skills for a broker are brokerage, financial services, and insurance products.
A Negotiator is primarily in charge of communicating with clients and business partners to negotiate and establish sales, building positive relationships in the process. They typically perform market research and analysis to develop plans and sales pitches, coordinate with the company's legal team, arrange appointments with clients to discuss contract terms, and address issues and concerns, resolving them promptly and efficiently. Moreover, a negotiator maintains an active communication line with staff, regularly reporting to managers for a smooth and efficient workflow.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Negotiators and brokers have different pay scales, as shown below.
| Negotiator | Broker | |
| Average salary | $63,632 | $124,861 |
| Salary range | Between $35,000 And $114,000 | Between $68,000 And $227,000 |
| Highest paying City | Islip, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Bloomberg | Child Guidance & Family Solutions |
| Best paying industry | Media | Insurance |
There are a few differences between a negotiator and a broker in terms of educational background:
| Negotiator | Broker | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between negotiators' and brokers' demographics:
| Negotiator | Broker | |
| Average age | 44 | 49 |
| Gender ratio | Male, 47.4% Female, 52.6% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 13% |