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The differences between registered representatives and market makers 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 a market maker. Additionally, a market maker has an average salary of $108,335, 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 a market maker are equity options, portfolio risk, and NASD.
| Registered Representative | Market Maker | |
| Yearly salary | $54,074 | $108,335 |
| Hourly rate | $26.00 | $52.08 |
| Growth rate | 10% | 10% |
| Number of jobs | 17,622 | 17,618 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 87% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Registered representatives and market makers have different pay scales, as shown below.
| Registered Representative | Market Maker | |
| Average salary | $54,074 | $108,335 |
| Salary range | Between $33,000 And $88,000 | Between $62,000 And $188,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | New York Life Insurance | - |
| Best paying industry | Finance | - |
There are a few differences between a registered representative and a market maker in terms of educational background:
| Registered Representative | Market Maker | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 87% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between registered representatives' and market makers' demographics:
| Registered Representative | Market Maker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 92.1% Female, 7.9% |
| 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, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.9% White, 67.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |