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Oil lease broker vs registered representative

The differences between oil lease brokers and registered representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an oil lease broker and a registered representative. Additionally, an oil lease broker has an average salary of $54,922, which is higher than the $54,074 average annual salary of a registered representative.

The top three skills for an oil lease broker include real estate, financial products and market research. The most important skills for a registered representative are financial services, financial products, and securities.

Oil lease broker vs registered representative overview

Oil Lease BrokerRegistered Representative
Yearly salary$54,922$54,074
Hourly rate$26.40$26.00
Growth rate10%10%
Number of jobs4,59817,622
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 80%
Average age4343
Years of experience66

Oil lease broker vs registered representative salary

Oil lease brokers and registered representatives have different pay scales, as shown below.

Oil Lease BrokerRegistered Representative
Average salary$54,922$54,074
Salary rangeBetween $34,000 And $86,000Between $33,000 And $88,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-New York Life Insurance
Best paying industry-Finance

Differences between oil lease broker and registered representative education

There are a few differences between an oil lease broker and a registered representative in terms of educational background:

Oil Lease BrokerRegistered Representative
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 80%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Oil lease broker vs registered representative demographics

Here are the differences between oil lease brokers' and registered representatives' demographics:

Oil Lease BrokerRegistered Representative
Average age4343
Gender ratioMale, 74.6% Female, 25.4%Male, 77.4% Female, 22.6%
Race ratioBlack or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.2% Asian, 9.0% White, 68.6% American Indian and Alaska Native, 0.2%Black or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.3% Asian, 10.3% White, 67.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between oil lease broker and registered representative duties and responsibilities

Oil lease broker example responsibilities.

  • Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Broker purchases, sales and exchanges of WTI, grade trading, swaps, options, derivatives and spreads.
  • Identify and capitalize on arbitrage situations.

Registered representative example responsibilities.

  • Manage variable and fix immediate and defer annuities for wealth accumulation.
  • Develop knowledge of complex financial instruments and successfully communicate strategies for utilizing various securities in achieving client financial objectives.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Intern at the NYSE with the M/S floor trader.
  • Provide due diligence for IPO of small cap.
  • Assist companies with development and sale of initial public offering (IPO).
  • Show more

Oil lease broker vs registered representative skills

Common oil lease broker skills
  • Real Estate, 19%
  • Financial Products, 18%
  • Market Research, 17%
  • Financial Analysis, 12%
  • Database, 10%
  • Customer Relationships, 8%
Common registered representative skills
  • Financial Services, 25%
  • Financial Products, 14%
  • Securities, 6%
  • Annuities, 4%
  • Long-Term Care, 4%
  • Health Insurance, 3%