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Prospector vs merchant

The differences between prospectors and merchants 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 $53,179 average annual salary of a prospector.

The top three skills for a prospector include outbound calls, lead generation and foreclosure. The most important skills for a merchant are product development, gross margin, and market trends.

Prospector vs merchant overview

ProspectorMerchant
Yearly salary$53,179$74,999
Hourly rate$25.57$36.06
Growth rate5%-
Number of jobs1,98115,395
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 57%
Average age4541
Years of experience12-

Prospector vs merchant salary

Prospectors and merchants have different pay scales, as shown below.

ProspectorMerchant
Average salary$53,179$74,999
Salary rangeBetween $25,000 And $109,000Between $47,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Levi Strauss & Co.
Best paying industry-Finance

Differences between prospector and merchant education

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

ProspectorMerchant
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 57%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaStanford University

Prospector vs merchant demographics

Here are the differences between prospectors' and merchants' demographics:

ProspectorMerchant
Average age4541
Gender ratioMale, 58.3% Female, 41.7%Male, 42.1% Female, 57.9%
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, 8.5% Unknown, 5.2% Hispanic or Latino, 23.3% Asian, 7.4% White, 55.1% American Indian and Alaska Native, 0.6%
LGBT Percentage4%7%

Differences between prospector and merchant 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.

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

Prospector vs merchant skills

Common prospector skills
  • Outbound Calls, 48%
  • Lead Generation, 28%
  • Foreclosure, 13%
  • Cold Calls, 11%
Common merchant skills
  • Product Development, 8%
  • Gross Margin, 7%
  • Market Trends, 7%
  • Customer Service, 6%
  • Strong Analytical, 6%
  • Math, 6%

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