Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Financial Service Representative (FSR) Salary (United States)

Pay for Financial Service Representatives in the United States lies in the neighborhood of $14.54 per hour. In the world of Financial Service Representatives, overall cash earnings stretch from $25K near the bottom to $45K near the top; these packages encompass bonuses that run close to $5K and profit sharing that can (albeit rarely) exceed $4K, along with commissions approaching $10K. This group's pay is mainly influenced by location, followed by tenure and the particular employer. A strong majority enjoy medical while a fair portion get dental coverage. Vision coverage is also available to more than half. The majority of Financial Service Representatives (62 percent) are female. For the most part, Financial Service Representatives enjoy their work and report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Financial Service Representative (FSR) Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$25,314 - $45,206
(Median)
25K
30K
34K
40K
45K
MEDIAN: $34,399
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Financial Service Representative (FSR) Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.19 - $18.82
(Median)
11
13
15
17
19
MEDIAN: $14.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16K$32K$48K
Salary
$25,314 - $45,206  
   
Bonus
$0.00 - $4,911  
Profit Sharing
$125.00 - $4,338  
Commission
$20.27 - $9,744  
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).
)
$24,867 - $45,076  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 392
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$11.19 - $18.82  
   
Overtime
$9.47 - $28.96  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $4,911  
   
Commission
$20.27 - $9,744  
Profit Sharing
$125.00 - $4,338  
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).
)
$24,867 - $45,076  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 441
Is Financial Service Representative (FSR) your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

Job Description for Financial Service Representative (FSR)

A financial service representative (or FSR) generally works for a bank or credit union, although there are also a limited number of FSR positions available in insurance agencies, financial groups, and other institutions. The financial service representative holds a customer-facing position that requires that the employee be well-versed in the various financial offerings of their company.
Read More...
Financial Service Representative (FSR) 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.

Common Career Paths for Financial Service Representative (FSR)

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:
As Financial Service Representatives make advancements in their career path to roles like Banking Branch Manager, salaries often climb aggressively. Typically, Banking Branch Managers will make $51K annually. The most common next step for a Financial Service Representative is to become an Assistant Branch Manager of Banking or a Personal Banker. The former position pays an additional $5K per year on average, and the latter position pays $2K more per year.

Financial Service Representative (FSR) Job Listings

Search for more jobs:
job title / company
location

Popular Employer Salaries for Financial Service Representative (FSR)

Although the highest salaries can be found at TD Bank, N.A. where median pay is $36K, there is little variation in compensation; paychecks are spread only between $29K and $46K.
Salaries are easily beat at SunTrust Banks Inc., where median pay comes to just $31K, the lowest in the field. What's more, with base pay starting at $25K and ending at $42K, range in salary is rather small. Another company with smaller-than-average paychecks is San Diego County Credit Union.

Popular Skills for Financial Service Representative (FSR)

Financial Service Representatives who responded to the survey report just a handful of professional skills. Most notably, skills in Banking, Sales, Customer Service, and Customer Relationship Management (CRM) are correlated to pay that is above average. For most people, competency in Customer Service indicates knowledge of Microsoft Office.

Pay by Experience Level for Financial Service Representative (FSR)

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Financial Service Representatives, extensive experience does not lead to significantly more money. Salaries for inexperienced workers average out to $35K, and those with five to 10 years' experience earn a higher median of $32K. After working for 10 to 20 years, Financial Service Representatives make a median salary of $38K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $38K. Most of respondents report one to nine years of experience. Experienced employees who have 10-20 years of experience make up approximately one in eight of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in ten, and senior people with more than 20 years under their belt fill out the remaining fewer than one in twenty.

Pay Difference By Location

New York
up arrow 33%
Philadelphia
up arrow 13%
San Diego
up arrow 10%
National Average
$33,000
Larger circles over a city indicate a job is popular in that location.
Financial Service Representatives will find that New York offers an impressive pay rate, one which exceeds the national average by 33 percent. Financial Service Representatives will also find cushy salaries in Philadelphia (+13 percent) and San Diego (+10 percent).

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Financial Service Representative (FSR) Salaries

Late-Career
up arrow 16%
National Average
$33,000

Skills That Affect Financial Service Representative (FSR) Salaries

up arrow 7%
Sales
up arrow 2%
Customer Service
up arrow 1%
Customer Relationship Management (CRM)
up arrow 1%
Microsoft Office
0%
National Average
$33,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 173 votes.

Gender

Female
62%
female alumni
 
Male
38%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
25%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 15%