Financial Representative Salary

Compared to the national salary average for Financial Representatives, very senior workers enjoy much larger paychecks — $56K versus $39K annually. Workers with less than five years' experience earn around $40K on average. It may be worth noting that those who have five to 10 years under their belts see a lower median salary of $39K. Financial Representatives see a median salary of $41K after reaching one to two decades on the job. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $56K on average. This report is based on answers to PayScale's salary questionnaire.
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$26,534 - $48,737
(Median)
$27K
$39K
$49K
MEDIAN: $38,671
10%
50%
90%

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$12.41 - $21.45
(Median)
$12
$17
$21
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$26,534 - $48,737  
   
Bonus
$308.13 - $7,340  
Profit Sharing
$200.00 - $6,000  
Commission
$500 - $64,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,324 - $53,613  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 153
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$12.41 - $21.45  
   
Overtime
$21.56 - $32.46  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$308.13 - $7,340  
   
Commission
$500 - $64,000  
Profit Sharing
$200.00 - $6,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,324 - $53,613  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 86
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Job Description for Financial Representative

A financial representative works at a financial institution and offers services to clients. This is a sales position, and the representative is expected to acquire new customers via referrals, advertising, cold-calling, networking, and/or lead follow-ups. Commission is usually offered based on sales, and there may also be targets that representatives must reach. When working with clients, a financial representative should have a solid understanding of their needs and their financial goals. The representative should also understand the performance of the clients’ portfolios and make changes (or offer to do so) when necessary. They should also follow-up with current clients to make sure they are satisfied with their service; when clients are dissatisfied, their representative must find a way to remedy the situation.

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Financial Representative Tasks

  • Monitor market trends, identify and pursue potential customer leads, and meet sales goals.
  • Discuss customers' financial concerns, questions, and needs.
  • Provide financial advice and match financial products with customers' needs and goals.
  • Develop long-term rapport with customers and foster profitable relationships.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Representative


Fidelity Investments offers the least pay with a median salary of $45K; furthermore, salaries there max out at only $53K.


Financial Representatives usually report a few specific skills. Skill set and salary are closely correlated, and individuals who are practiced in Financial Advisor, Sales and Customer Service abilities will see corresponding pay increases between 10 percent and 20 percent. Competency in Customer Service frequently indicates knowledge of Sales.

Pay by Experience Level for Financial Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Financial Representative Salaries

Late-Career
up arrow 41%

Experienced
up arrow 2%


National Average
$40,000

Mid-Career
up arrow 3%

Skills That Affect Financial Representative Salaries

Financial Advisor
up arrow 20%

Sales
up arrow 14%

Customer Service
up arrow 10%

National Average
$40,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
18%
1-4 years
62%
5-9 years
10%
10-19 years
7%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 71%
medical benefits
Vision: 53%
dental benefits
None: 13%
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