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The differences between registered representatives and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a registered representative has an average salary of $54,074, which is higher than the $37,864 average annual salary of an agent.
The top three skills for a registered representative include financial services, financial products and securities. The most important skills for an agent are insurance products, customer service, and life insurance.
| Registered Representative | Agent | |
| Yearly salary | $54,074 | $37,864 |
| Hourly rate | $26.00 | $18.20 |
| Growth rate | 10% | 6% |
| Number of jobs | 17,622 | 184,325 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 44% |
| Average age | 43 | 46 |
| Years of experience | 6 | - |
A registered representative's job involves researching market conditions, liaising with potential clients, implementing advertising campaigns, cultivating personal contacts, and creating investment plans. Their duties and responsibilities include soliciting business from potential clients and selling financial products and services to clients for investment purposes.
Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.
Registered representatives and agents have different pay scales, as shown below.
| Registered Representative | Agent | |
| Average salary | $54,074 | $37,864 |
| Salary range | Between $33,000 And $88,000 | Between $19,000 And $72,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | New York Life Insurance | Latham & Watkins |
| Best paying industry | Finance | - |
There are a few differences between a registered representative and an agent in terms of educational background:
| Registered Representative | Agent | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between registered representatives' and agents' demographics:
| Registered Representative | Agent | |
| Average age | 43 | 46 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 50.5% Female, 49.5% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 7% |