Transfer agent vs agent

The differences between transfer agents and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an agent has an average salary of $37,864, which is higher than the $25,018 average annual salary of a transfer agent.

The top three skills for a transfer agent include customer service, inbound calls and outbound calls. The most important skills for an agent are insurance products, customer service, and life insurance.

Transfer agent vs agent overview

	Transfer Agent	Agent
Yearly salary	$25,018	$37,864
Hourly rate	$12.03	$18.20
Growth rate	10%	6%
Number of jobs	28,396	184,325
Job satisfaction	-	2
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 44%
Average age	43	46
Years of experience	6	-

Transfer agent vs agent salary

Transfer agents and agents have different pay scales, as shown below.

	Transfer Agent	Agent
Average salary	$25,018	$37,864
Salary range	Between $18,000 And $33,000	Between $19,000 And $72,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Latham & Watkins
Best paying industry	-	-

Differences between transfer agent and agent education

There are a few differences between a transfer agent and an agent in terms of educational background:

	Transfer Agent	Agent
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Transfer agent vs agent demographics

Here are the differences between transfer agents' and agents' demographics:

	Transfer Agent	Agent
Average age	43	46
Gender ratio	Male, 42.3% Female, 57.7%	Male, 50.5% Female, 49.5%
Race ratio	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.6% White, 66.8% American Indian and Alaska Native, 0.2%	Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage	6%	7%

Differences between transfer agent and agent duties and responsibilities

Transfer agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Adhere to FDCPA regulations, federal, state and local law provisions.
Research inquiries and provide appropriate feedback including company policies, IRS regulations and compliance requirements.
Provide information to clients on Fidelityproducts, services, operational procedures, including 401k, transaction and NAV quotes.
Answer complex financial inquiries including, fund and market performance, taxation (cost basis, IRS forms, etc.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Verify documentation and coding using CPT and ICD-9 correct coding standards.
Assist TANF customers with obtaining employment.
Direct compliance with all CPT and Medicare guidelines.
Train BDC representatives on phone skills and CRM use.
Bill appropriate ICD-9 codes to the correct insurance companies.

Transfer agent vs agent skills

Common transfer agent skills

Customer Service, 27%
Inbound Calls, 13%
Outbound Calls, 12%
TA, 6%
Debt Collection, 6%
Transferring Calls, 3%

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%