Commissions constitute a big slice (over a third on average) of overall compensation for Financial Representatives, and the median take-home for this group lies near $42K. Including potential for bonuses and profit sharing — peaking near $8K and $10K, respectively — total cash payment to Financial Representatives can bottom out near $25K or peak near $54K depending on individual performance. Compensation for this group is mainly affected by geography, but the specific employer and experience level are influential factors as well. Job satisfaction is high and work is enjoyable for most Financial Representatives. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. There are more male Financial Representatives than female among those who completed the questionnaire, making up 60 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$24,229 - $51,180
$24K
$40K
$51K
MEDIAN: $40,136
10%
50%
90%

Add this chart to your site: 640px    300px

$10.81 - $21.63
$11
$18
$22
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$33K$66K$99K
Salary
$24,229 - $51,180  
   
Bonus
$705 - $7,989  
Profit Sharing
$195.74 - $10,067  
Commission
$206.08 - $96,958  
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).
)
$24,743 - $54,233  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 134
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$17$34$51
Hourly Rate
$10.81 - $21.63  
   
Overtime
$18.42 - $32.04  
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$50K$100K$150K
Bonus
$705 - $7,989  
   
Commission
$206.08 - $96,958  
Profit Sharing
$195.74 - $10,067  
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).
)
$24,743 - $54,233  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 58

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Financial Representative Tasks

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

Financial Service Representative (FSR) Job Listings

Search for more jobs:

Popular Employer Salaries for Financial Representative


Pay by Experience Level for Financial Representative

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


The average inexperienced worker earns $43K. It's worth noting that someone who has worked for five to 10 years can expect a smaller median salary of $41K. The average pay reported by folks with 10 to 20 years of experience is around $41K. Survey participants who have worked for more than two decades report bringing in $50K on average.

Related Job Salaries

Key Stats for Financial Representative

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
Less than 1 year
19%
1-4 years
58%
5-9 years
10%
10-19 years
10%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Representative Salaries

Late-Career
up arrow 18%


National Average
$42,000

Experienced
up arrow 2%

Mid-Career
up arrow 3%

Skills That Affect Financial Representative Salaries

Financial Advisor
up arrow 18%

Customer Service
up arrow 8%

Sales
up arrow 4%

National Average
$42,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
19%
1-4 years
58%
5-9 years
10%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 75%
vision benefits
Vision: 52%
dental benefits
None: 12%
ADVERTISEMENT