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Prospector vs business representative

The differences between prospectors and business representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a prospector and a business representative. Additionally, a prospector has an average salary of $53,179, which is higher than the $51,604 average annual salary of a business representative.

The top three skills for a prospector include outbound calls, lead generation and foreclosure. The most important skills for a business representative are customer service, patients, and powerpoint.

Prospector vs business representative overview

ProspectorBusiness Representative
Yearly salary$53,179$51,604
Hourly rate$25.57$24.81
Growth rate5%-4%
Number of jobs1,981197,264
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 58%
Average age4540
Years of experience1212

Prospector vs business representative salary

Prospectors and business representatives have different pay scales, as shown below.

ProspectorBusiness Representative
Average salary$53,179$51,604
Salary rangeBetween $25,000 And $109,000Between $36,000 And $73,000
Highest paying City-San Francisco, CA
Highest paying state-Washington
Best paying company-Marathon Oil
Best paying industry-Finance

Differences between prospector and business representative education

There are a few differences between a prospector and a business representative in terms of educational background:

ProspectorBusiness Representative
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Prospector vs business representative demographics

Here are the differences between prospectors' and business representatives' demographics:

ProspectorBusiness Representative
Average age4540
Gender ratioMale, 58.3% Female, 41.7%Male, 45.5% Female, 54.5%
Race ratioBlack or African American, 1.2% Unknown, 4.9% Hispanic or Latino, 7.2% Asian, 2.8% White, 83.3% American Indian and Alaska Native, 0.6%Black or African American, 11.8% Unknown, 5.4% Hispanic or Latino, 21.2% Asian, 6.8% White, 54.1% American Indian and Alaska Native, 0.7%
LGBT Percentage4%7%

Differences between prospector and business representative duties and responsibilities

Prospector example responsibilities.

  • Develop strong relationships in Bronx community and achieve a solid reputation as a Medicaid seller.
  • Process customer loans in active foreclosure to assist in options on keeping their homes or advise in liquidation options.
  • Communicate errors to appropriate personnel for resolution as necessary to prevent contest or impair foreclosure actions.
  • Account analysis and preparation, assessing customer needs, and preparation of professional sales recommendations tailor to each customer s business.
  • Recognize as a team leader and receive many corporate sales achievement awards.
  • Prospect and generate sales revenue by adding new program residential customers and cross selling and upselling current residential customers.

Business representative example responsibilities.

  • Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
  • Verify ICD-9 to physician's diagnosis; insure correct CPT codes and level of service are going out on claims.
  • Handle incoming calls to investigate and troubleshoot network and hardware concerns that align with company expectations of quality.
  • Utilize multiple internal information systems and applications to troubleshoot hardware issues.
  • Verify all new and returning patients' insurance coverage and eligibility when reviewing patient registration.
  • Obtain and verify accurate and complete patient demographic information, appropriately schedule patients according to center and insurance guidelines.
  • Show more

Prospector vs business representative skills

Common prospector skills
  • Outbound Calls, 48%
  • Lead Generation, 28%
  • Foreclosure, 13%
  • Cold Calls, 11%
Common business representative skills
  • Customer Service, 13%
  • Patients, 12%
  • PowerPoint, 8%
  • Business Development, 7%
  • Financial Services, 6%
  • Inbound Calls, 5%

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