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The differences between registered representatives and investment representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a registered representative and an investment representative. Additionally, an investment representative has an average salary of $65,361, which is higher than the $54,074 average annual salary of a registered representative.
The top three skills for a registered representative include financial services, financial products and securities. The most important skills for an investment representative are money management, mutual funds, and financial services.
| Registered Representative | Investment Representative | |
| Yearly salary | $54,074 | $65,361 |
| Hourly rate | $26.00 | $31.42 |
| Growth rate | 10% | 10% |
| Number of jobs | 17,622 | 35,914 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 78% |
| Average age | 43 | 43 |
| Years of experience | 6 | 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.
Investment representatives, also known as financial advisers, usually work in a bank, investment company, credit institution, or other financial firm. They handle the marketing and promotion of financial services and give clients investment advice. They do this is the phone or through face-to-face transactions. This position requires someone to be customer-oriented, communicate effectively, and know how to handle a crisis.
Registered representatives and investment representatives have different pay scales, as shown below.
| Registered Representative | Investment Representative | |
| Average salary | $54,074 | $65,361 |
| Salary range | Between $33,000 And $88,000 | Between $37,000 And $112,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | New York Life Insurance | American Century Investments |
| Best paying industry | Finance | Finance |
There are a few differences between a registered representative and an investment representative in terms of educational background:
| Registered Representative | Investment Representative | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between registered representatives' and investment representatives' demographics:
| Registered Representative | Investment Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 72.1% Female, 27.9% |
| 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, 5.9% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.9% White, 67.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |