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Transactional specialist vs specialist

The differences between transactional specialists and specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a transactional specialist, becoming a specialist takes usually requires 1-2 years. Additionally, a transactional specialist has an average salary of $64,483, which is higher than the $58,013 average annual salary of a specialist.

The top three skills for a transactional specialist include real estate, customer relationships and customer satisfaction. The most important skills for a specialist are patients, customer service, and work ethic.

Transactional specialist vs specialist overview

Transactional SpecialistSpecialist
Yearly salary$64,483$58,013
Hourly rate$31.00$27.89
Growth rate-4%10%
Number of jobs41,351358,433
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 49%
Average age4042
Years of experience122

What does a transactional specialist do?

A Transactional Specialist is someone who is in charge of all transactions that take place in a business organization. First of all, he/she is required to process all requests from customers, both online and offline, in an orderly and timely manner. Also, he/she uses all sales tools at his/her reach to drive an increase in profit and to exceed all of the department's goals. As a Transactional Specialist, your task may also include the establishment and monitoring of internal controls and policies to ensure thorough compliance with GAAP and other requirements.

What does a specialist do?

Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.

Transactional specialist vs specialist salary

Transactional specialists and specialists have different pay scales, as shown below.

Transactional SpecialistSpecialist
Average salary$64,483$58,013
Salary rangeBetween $39,000 And $105,000Between $32,000 And $104,000
Highest paying CityJersey City, NJJersey City, NJ
Highest paying stateNew JerseyNew Jersey
Best paying companyAppleThe Citadel
Best paying industry--

Differences between transactional specialist and specialist education

There are a few differences between a transactional specialist and a specialist in terms of educational background:

Transactional SpecialistSpecialist
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 49%
Most common majorBusinessBusiness
Most common college-Stanford University

Transactional specialist vs specialist demographics

Here are the differences between transactional specialists' and specialists' demographics:

Transactional SpecialistSpecialist
Average age4042
Gender ratioMale, 31.8% Female, 68.2%Male, 47.5% Female, 52.5%
Race ratioBlack or African American, 11.2% Unknown, 5.0% Hispanic or Latino, 20.1% Asian, 7.9% White, 55.2% American Indian and Alaska Native, 0.6%Black or African American, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4%
LGBT Percentage7%11%

Differences between transactional specialist and specialist duties and responsibilities

Transactional specialist example responsibilities.

  • Manage A/R and financial functions for large automotive global account, generating annual revenues in excess of $100M/contract year.
  • Provide support to internal departments on ACH issues.
  • Develop spreadsheets for GL accounts; write balancing procedures for both ATM GL's including the weekly statement account balancing.
  • Identify cross-sell opportunities during customer interaction.
  • Serve as ATM custodian and commercial depository custodian.
  • Maintain patient confidentiality while ensuring any release of information requests are HIPAA compliant.
  • Show more

Specialist example responsibilities.

  • Create, manage, and assist users with SharePoint sites.
  • Manage an on-site IRB and company good clinical practice (GCP) inspection.
  • Manage SharePoint sites by creating, editing, and customizing company sites, libraries and security.
  • Manage the building of accounts, assigning of static IP's, and scheduling of business class installations.
  • Convert servers from UNIX to Linux, all hardware diagnostics and repair including printers/plotters/desktops etc.
  • Follow safety procedures such as maintenance of all equipment (Telxon scanners, terminals and ladders).
  • Show more

Transactional specialist vs specialist skills

Common transactional specialist skills
  • Real Estate, 12%
  • Customer Relationships, 9%
  • Customer Satisfaction, 8%
  • Cash Flow Analysis, 8%
  • Cash Handling, 7%
  • Financial Analysis, 7%
Common specialist skills
  • Patients, 15%
  • Customer Service, 11%
  • Work Ethic, 5%
  • Patient Care, 4%
  • Exceptional Client, 4%
  • Troubleshoot, 4%

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