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Surety bond agent vs licensed sales producer

The differences between surety bond agents and licensed sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed sales producer has an average salary of $38,353, which is higher than the $37,289 average annual salary of a surety bond agent.

The top three skills for a surety bond agent include surety, bonds and customer service. The most important skills for a licensed sales producer are customer service, financial products, and life insurance.

Surety bond agent vs licensed sales producer overview

Surety Bond AgentLicensed Sales Producer
Yearly salary$37,289$38,353
Hourly rate$17.93$18.44
Growth rate6%6%
Number of jobs28,69040,137
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 54%
Average age4646
Years of experience--

Surety bond agent vs licensed sales producer salary

Surety bond agents and licensed sales producers have different pay scales, as shown below.

Surety Bond AgentLicensed Sales Producer
Average salary$37,289$38,353
Salary rangeBetween $22,000 And $61,000Between $28,000 And $52,000
Highest paying City-Madison, WI
Highest paying state-Wisconsin
Best paying company-Oracle
Best paying industry-Manufacturing

Differences between surety bond agent and licensed sales producer education

There are a few differences between a surety bond agent and a licensed sales producer in terms of educational background:

Surety Bond AgentLicensed Sales Producer
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeHoward UniversityUniversity of Pennsylvania

Surety bond agent vs licensed sales producer demographics

Here are the differences between surety bond agents' and licensed sales producers' demographics:

Surety Bond AgentLicensed Sales Producer
Average age4646
Gender ratioMale, 53.9% Female, 46.1%Male, 39.2% Female, 60.8%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.8% White, 66.6% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between surety bond agent and licensed sales producer duties and responsibilities

Surety bond agent example responsibilities.

  • Manage employees, handle complaints, employee scheduling, and payroll.
  • Maintain accuracy in calculating interest and commissions on surety bonds.
  • Process all bonds, error free, as necessary and where power of attorney is granted.
  • Conduct surety education sessions for sales and production staff
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Help clients with changes require to their bond in a quick and timely manner.
  • Show more

Licensed sales producer example responsibilities.

  • Generate production and leads through telemarketing sales.
  • Provide quotes, bound coverage for insurance products through Allstate and its brokered affiliates for new business and cross sell campaigns.
  • Directly-Assist agency owner in developing new market strategies to solicit new business and increase cross-selling to existing book of business.
  • Used consultative upselling techniques to provide leads

Surety bond agent vs licensed sales producer skills

Common surety bond agent skills
  • Surety, 39%
  • Bonds, 25%
  • Customer Service, 20%
  • Court Appearances, 9%
  • Court Dates, 7%
Common licensed sales producer skills
  • Customer Service, 34%
  • Financial Products, 9%
  • Life Insurance, 6%
  • Product Knowledge, 3%
  • Policy Changes, 3%
  • Outbound Calls, 3%