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The differences between trading assistants and sales associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a trading assistant has an average salary of $101,645, which is higher than the $32,167 average annual salary of a sales associate.
The top three skills for a trading assistant include trade shows, P/L and securities. The most important skills for a sales associate are customer service, sales floor, and cash handling.
| Trading Assistant | Sales Associate | |
| Yearly salary | $101,645 | $32,167 |
| Hourly rate | $48.87 | $15.46 |
| Growth rate | -8% | - |
| Number of jobs | 26,872 | 579,849 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 38% |
| Average age | 50 | 41 |
| Years of experience | 2 | - |
A trading assistant is primarily in charge of performing support tasks for traders and participate in securing sales for a company. Their responsibilities typically revolve around liaising with clients through calls and correspondence to offer products and services, discussing specifications, negotiating billing plans, and processing payments. They must also assist traders by performing market research and analysis, preparing and processing documentation, arranging meetings and appointments, running errands, and resolving issues and concerns in adherence to the company's policies and regulations.
Sales associates are responsible for promoting the company's goods or services. They are expected to provide exceptional customer service to prospective buyers. They should be familiar with all features of the company's products or services so that they can answer the customers' inquiries. Sales associates also assist customers in processing their checkouts, refunds, returns, and other needs. They should be customer-oriented, and they should have great communication skills. They should know how to sell their products or services to customers. They are considered the company's representatives on the ground.
Trading assistants and sales associates have different pay scales, as shown below.
| Trading Assistant | Sales Associate | |
| Average salary | $101,645 | $32,167 |
| Salary range | Between $58,000 And $176,000 | Between $21,000 And $47,000 |
| Highest paying City | Hartford, CT | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Oak Hill Advisors | Barclays |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a trading assistant and a sales associate in terms of educational background:
| Trading Assistant | Sales Associate | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 38% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between trading assistants' and sales associates' demographics:
| Trading Assistant | Sales Associate | |
| Average age | 50 | 41 |
| Gender ratio | Male, 58.6% Female, 41.4% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% | Black or African American, 10.6% Unknown, 5.1% Hispanic or Latino, 21.4% Asian, 6.9% White, 55.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |