Financial Service Representative (FSR) Salary

Financial Service Representatives in the United States take home approximately $15.23 per hour on average. With bonuses occasionally running north of $5K, profit sharing proceeds sometimes surpassing $7K, and a few commissions as high as $8K, total income for Financial Service Representatives can range between $25K and $45K according to individual performance. This group's pay is mainly influenced by geography, followed by the company and experience level. Women make up the majority of Financial Service Representatives (68 percent) who completed the questionnaire. Most workers in this position report high levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$26,705 - $45,222
(Median)
$27K
$36K
$45K
MEDIAN: $35,547
10%
50%
90%

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$11.63 - $19.23
(Median)
$12
$15
$19
MEDIAN: $15.00
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$16K$32K$48K
Salary
$26,705 - $45,222  
   
Bonus
$0.00 - $5,068  
Profit Sharing
$0.00 - $6,904  
Commission
$0.00 - $7,545  
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).
)
$25,458 - $44,639  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 274
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
$11.63 - $19.23  
   
Hourly Tips
$0.00  
Overtime
$14.94 - $30.33  
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
$0.00 - $5,068  
   
Commission
$0.00 - $7,545  
Profit Sharing
$0.00 - $6,904  
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).
)
$25,458 - $44,639  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 449
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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.

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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)


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Financial Service Representatives might see a strong upturn in salary after transitioning into upper-level roles such as Banking Branch Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $51K per year. A Financial Service Representative often moves on to become an Assistant Branch Manager of Banking or a Financial Services Representative.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Service Representative (FSR)


Financial Service Representatives in search of the best pay head to TD Bank, N.A., where the median salary rolls in at $41K. Although pay is top-notch overall, it does seem to be curbed at $53K, which isn't dramatically higher than the lower-end figure of $32K.

The lowest salaries can be found at Bank of The West — median pay is $31K — and there is little variation in compensation, with paychecks starting at $25K and only reaching $40K.

Popular Skills for Financial Service Representative (FSR)


Survey results suggest that Financial Service Representatives put a wide range of professional skills to use. Most notably, skills in Sales, Customer Relationship Management, Banking, and Customer Service are correlated to pay that is above average. Skills that seem to negatively impact pay include Consumer Loans, Loan Processing, and Microsoft Office. Those educated in Customer Service tend to be well versed in 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 Financial Service Representatives, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Although individuals who have less than five years' experience earn $32K on average, people with five to 10 years benefit from a notably larger average of $35K. After working for 10 to 20 years, Financial Service Representatives make a median salary of $37K. More than 20 years of experience mean a somewhat bigger median paycheck of $39K, but it's not much more than what less experienced people make.

Financial Service Representative (FSR) Reviews

What is it like working as a Financial Service Representative (FSR)?

Financial Service Representative (FSR) in Richardson:
"Credit Union FSR."
Pros: Credit Unions are member and staff friendly. Verbally reinforce value from executive level and there is not as much corporate segregation.
Cons: Less pay in comparison to banks. Less performance based pay and direct management is unorginized in regards to performance review. Undefined development and office politics supersede merit based career growth.

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Experience Affects Financial Service Representative (FSR) Salaries




National Average
$34,000


Skills That Affect Financial Service Representative (FSR) Salaries

National Average
$34,000

Sales
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
up arrow 2%

Banking
up arrow 2%

Microsoft Office
up arrow 3%

Loan Processing
up arrow 5%

Consumer Loans
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 92 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
5%
1-4 years
49%
5-9 years
24%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 13%
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