Registered representative demographics and statistics in the US
Registered representative demographics research summary. Zippia estimates registered representative demographics and statistics in the United States by using a database of 30 million profiles. Our registered representative estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about registered representatives after extensive research and analysis:
- There are over 48,638 registered representatives currently employed in the United States.
- 22.6% of all registered representatives are women, while 77.4% are men.
- The average registered representative age is 43 years old.
- The most common ethnicity of registered representatives is White (67.2%), followed by Hispanic or Latino (12.3%), Asian (10.3%) and Black or African American (5.8%).
- Registered representatives are most in-demand in Boston, MA.
- The finance industry is the highest-paying for registered representatives.
- New York, NY pays an annual average wage of $103,587, the highest in the US.
- In 2022, women registered representatives earned 91% of what men earned.
- 6% of all registered representatives are LGBT.
- Kansas is the best state for registered representatives to live.
- Registered representatives are 69% more likely to work at private companies in comparison to public companies.
On this page
Registered representative demographics by:
Registered representative gender statistics
22.6% of registered representatives are women and 77.4% of registered representatives are men.
- Male, 77.4%
- Female, 22.6%
Registered representative gender ratio
| Gender | Percentages |
|---|---|
| Male | 77.4% |
| Female | 22.6% |
Registered representative gender pay gap
Women earn 91¢ for every $1 earned by men
Male income
$51,570
Female income
$46,782
Registered representative gender ratio over time
This data breaks down the percentage of men and women in registered representative positions over time. Currently, 22.6% of registered representatives are female.
Registered representative gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 72.74% | 27.26% |
| 2011 | 71.07% | 28.93% |
| 2012 | 72.59% | 27.41% |
| 2013 | 72.33% | 27.67% |
| 2014 | 71.74% | 28.26% |
| 2015 | 72.96% | 27.04% |
| 2016 | 73.68% | 26.32% |
| 2017 | 73.17% | 26.83% |
| 2018 | 74.24% | 25.76% |
| 2019 | 76.89% | 23.11% |
| 2020 | 76.69% | 23.31% |
| 2021 | 77.37% | 22.63% |
Registered representative related jobs gender ratio
We compared registered representatives with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Registered Representative | 77% | 23% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Registered representative demographics by race
The most common ethnicity among registered representatives is White, which makes up 67.2% of all registered representatives. Comparatively, 12.3% of registered representatives are Hispanic or Latino and 10.3% of registered representatives are Asian.
- White, 67.2%
- Hispanic or Latino, 12.3%
- Asian, 10.3%
- Black or African American, 5.8%
- Unknown, 4.2%
- American Indian and Alaska Native, 0.2%
Registered representative race
| Registered representative race | Percentages |
|---|---|
| White | 67.2% |
| Hispanic or Latino | 12.3% |
| Asian | 10.3% |
| Black or African American | 5.8% |
| Unknown | 4.2% |
| American Indian and Alaska Native | 0.2% |
Registered representative race and ethnicity over time
See how registered representative racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Registered representative race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.72% | 6.46% | 6.26% | 11.01% |
| 2011 | 74.84% | 6.09% | 7.09% | 10.51% |
| 2012 | 73.20% | 6.14% | 7.13% | 12.10% |
| 2013 | 73.66% | 5.41% | 7.75% | 11.08% |
| 2014 | 74.11% | 5.86% | 7.45% | 11.04% |
| 2015 | 73.74% | 5.99% | 7.73% | 10.66% |
| 2016 | 72.22% | 5.67% | 8.05% | 12.23% |
| 2017 | 72.51% | 5.54% | 7.83% | 12.00% |
| 2018 | 70.67% | 5.55% | 9.28% | 12.14% |
| 2019 | 72.55% | 5.90% | 8.61% | 11.04% |
| 2020 | 69.56% | 5.86% | 8.43% | 12.58% |
| 2021 | 67.24% | 5.81% | 10.32% | 12.26% |
Registered representative wage gap by race
According to our data, unknown registered representatives have the highest average salary compared to other ethnicities. Black or african american registered representatives have the lowest average salary at $47,396.
| Ethnicity | Salary |
|---|---|
| Unknown | $54,278 |
| White | $53,872 |
| Black or African American | $47,396 |
| Asian | $53,005 |
| Hispanic or Latino | $49,650 |
Average registered representative age
See how the average age of registered representatives varies based on ethnicity and gender.
Male
Female
Registered representative age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 40 | 48.5 |
| White | 43 | 47 |
| Black or African American | 40.5 | 47 |
| Asian | 42 | 37.5 |
| Hispanic or Latino | 37 | 42 |
Registered representative age breakdown
The average age of registered representatives is 40+ years years old, representing 58% of the registered representative population.
Registered representative age breakdown
| Registered Representative Years | Percentages |
|---|---|
| 40+ years | 58% |
| 30-40 years | 28% |
| 20-30 years | 14% |
Registered representative educational attainment
The most common degree for registered representatives is bachelor's degree, with 80% of registered representatives earning that degree. The second and third most common degree levels are master's degree degree at 9% and master's degree degree at 7%.
- Bachelor's, 80%
- Master's, 9%
- Associate, 7%
- High School Diploma, 2%
- Other Degrees, 2%
Registered representatives by degree level
| Registered representative degree | Percentages |
|---|---|
| Bachelor's | 80% |
| Master's | 9% |
| Associate | 7% |
| High School Diploma | 2% |
| Other Degrees | 2% |
Registered representative jobs you might like
Registered representative wage gap by degree level
According to the data, registered representatives with a Master's degree earn more than those without, at $66,772 annually. With a Doctorate degree, registered representatives earn a median annual income of $60,672 compared to $54,010 for registered representatives with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $66,772 |
| Bachelor's Degree | $54,010 |
| Doctorate Degree | $60,672 |
Registered representative employment statistics
Most registered representatives work for a private in the finance industry.
Company size where registered representatives work
Below, you can see the size of companies where registered representatives work.
Registered representative jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 17% |
| 100 - 500 employees | 18% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 32% |
| > 10,000 employees | 19% |
Registered representative jobs by company type
Employees with the registered representative job title have their preferences when it comes to working for a company. For instance, most registered representatives prefer to work at private companies over public companies.
Registered representative jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 29% |
| Private | 69% |
| Government | 1% |
Registered representative jobs by industry
The most common industries for registered representatives are finance, insurance and professional.
Registered representative industry statistics
| Industry | Percentages |
|---|---|
| Finance | 45% |
| Fortune 500 | 15% |
| Insurance | 12% |
| Professional | 9% |
| Retail | 3% |
| Utilities | 3% |
| Media | 2% |
| Health Care | 2% |
| Manufacturing | 2% |
| Education | 1% |
| Government | 1% |
| Real Estate | 1% |
| Hospitality | 1% |
| Technology | 1% |
Registered representative turnover and employment statistics
Registered representative unemployment rate over time
The unemployment rate for registered representatives between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Registered representative unemployment rate by year
| Year | Registered representative unemployment rate |
|---|---|
| 2010 | 7.50% |
| 2011 | 6.42% |
| 2012 | 6.14% |
| 2013 | 4.28% |
| 2014 | 4.90% |
| 2015 | 3.10% |
| 2016 | 4.15% |
| 2017 | 3.43% |
| 2018 | 2.39% |
| 2019 | 3.02% |
| 2020 | 4.76% |
| 2021 | 3.65% |
Average registered representative tenure
The average registered representative stays at their job for 1-2 years, based on the 5,712 registered representatives resumes in Zippia's database.
Registered representative tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 15% |
| 1-2 years | 42% |
| 3-4 years | 17% |
| 5-7 years | 13% |
| 8-10 years | 5% |
| 11+ years | 8% |
Registered representative LGBT ratio compared to similar jobs
Review the percent of registered representatives that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Account Executive-Field | 5.13% | 160,285 |
| Registered Representative | 5.67% | - |
| Underwriting Sales Representative | 6.79% | 102,964 |
| Yellow Pages Space Sales Person | 9.53% | 33,784 |
| Travel Counselor | 17.39% | 32,840 |
Similar registered representative jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Account Executive-Field | 5.13% | 160,285 |
| Underwriting Sales Representative | 6.79% | 102,964 |
| Yellow Pages Space Sales Person | 9.53% | 33,784 |
| Travel Counselor | 17.39% | 32,840 |
Foreign languages spoken by registered representatives
The most common foreign language among registered representatives is Spanish at 51.6%. The second-most popular foreign language spoken is French at 10.8% and German is the third-most popular at 5.1%.
- Spanish, 51.6%
- French, 10.8%
- German, 5.1%
- Chinese, 4.5%
- Russian, 3.8%
- Other, 24.2%
Registered representative languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 51.6% |
| French | 10.8% |
| German | 5.1% |
| Chinese | 4.5% |
| Russian | 3.8% |
| Other | 24.2% |
