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The differences between registered representatives and stock brokers 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 stock broker. Additionally, a stock broker has an average salary of $59,096, 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 stock broker are financial products, client portfolios, and securities.
| Registered Representative | Stock Broker | |
| Yearly salary | $54,074 | $59,096 |
| Hourly rate | $26.00 | $28.41 |
| Growth rate | 10% | 10% |
| Number of jobs | 17,622 | 29,202 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 77% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Registered representatives and stock brokers have different pay scales, as shown below.
| Registered Representative | Stock Broker | |
| Average salary | $54,074 | $59,096 |
| Salary range | Between $33,000 And $88,000 | Between $37,000 And $93,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | New York Life Insurance | ICAP |
| Best paying industry | Finance | Finance |
There are a few differences between a registered representative and a stock broker in terms of educational background:
| Registered Representative | Stock Broker | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between registered representatives' and stock brokers' demographics:
| Registered Representative | Stock Broker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 85.5% Female, 14.5% |
| 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, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |