Registered representative vs representative

The differences between registered representatives and representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a registered representative, becoming a representative takes usually requires 6-12 months. Additionally, a registered representative has an average salary of $54,074, which is higher than the $36,023 average annual salary of a representative.

The top three skills for a registered representative include financial services, financial products and securities. The most important skills for a representative are cleanliness, patients, and customer issues.

Registered representative vs representative overview

	Registered Representative	Representative
Yearly salary	$54,074	$36,023
Hourly rate	$26.00	$17.32
Growth rate	10%	-4%
Number of jobs	17,622	252,761
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 80%	Bachelor's Degree, 53%
Average age	43	40
Years of experience	6	12

What does a registered representative do?

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.

What does a representative do?

Representatives are lawmakers who represent the people in a specific district. They run for office to represent their districts in their hometown or their current place of living. Representatives are usually charismatic and good communicators. These characteristics are especially important during campaign and election periods. Representatives should be able to capture the hearts of the voters through their planned projects and advocacies. They are then elected by their constituents. Upon election, representatives author bills that will eventually be passed into law should it be approved by the majority of the congress. They also vote on the passage of bills authored by other representatives. They also participate in discussions and debates regarding different bills, issues, and laws. Representatives are expected to vote according to their conscience and in consideration of the voice of their constituents.

Registered representative vs representative salary

Registered representatives and representatives have different pay scales, as shown below.

	Registered Representative	Representative
Average salary	$54,074	$36,023
Salary range	Between $33,000 And $88,000	Between $23,000 And $55,000
Highest paying City	New York, NY	Washington, DC
Highest paying state	New York	New York
Best paying company	New York Life Insurance	Google
Best paying industry	Finance	Transportation

Differences between registered representative and representative education

There are a few differences between a registered representative and a representative in terms of educational background:

	Registered Representative	Representative
Most common degree	Bachelor's Degree, 80%	Bachelor's Degree, 53%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Registered representative vs representative demographics

Here are the differences between registered representatives' and representatives' demographics:

	Registered Representative	Representative
Average age	43	40
Gender ratio	Male, 77.4% Female, 22.6%	Male, 41.8% Female, 58.2%
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, 11.0% Unknown, 5.4% Hispanic or Latino, 20.9% Asian, 7.5% White, 54.4% American Indian and Alaska Native, 0.7%
LGBT Percentage	6%	7%

Differences between registered representative and representative duties and responsibilities

Registered representative example responsibilities.

Manage variable and fix immediate and defer annuities for wealth accumulation.
Develop knowledge of complex financial instruments and successfully communicate strategies for utilizing various securities in achieving client financial objectives.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Intern at the NYSE with the M/S floor trader.
Provide due diligence for IPO of small cap.
Assist companies with development and sale of initial public offering (IPO).

Representative example responsibilities.

Manage fitting rooms and recover the department, while providing exceptional customer service and offering rewards and POS options.
Manage physical portfolio with necessary derivatives to mitigate risk within company guidelines.
Conduct telephone sales and interviews, compile and enter information into database, manage documents and insure customer satisfaction.
Review EOB denials, appeals and/or rebilling as appropriate.
Certify of all requirements, policies, and procedures, including MSB.
Take inbound phone calls from member and providers explaining the EOB denial and payments

Registered representative vs representative skills

Common registered representative skills

Financial Services, 25%
Financial Products, 14%
Securities, 6%
Annuities, 4%
Long-Term Care, 4%
Health Insurance, 3%

Common representative skills

Cleanliness, 20%
Patients, 11%
Customer Issues, 10%
Customer Service, 10%
Data Entry, 6%
Outbound Calls, 3%

Registered Representative vs. similar jobs

Registered Representative related careers

Registered Representative related jobs

What similar roles do

Zippia Careers
Sales Industry
Registered Representative
Registered Representative vs Representative

Updated January 8, 2025

Browse sales jobs