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Financial Service Representative (FSR) Salary

Financial Service Representatives in the United States can expect wages of $14.87 per hour on average. Total cash earnings of Financial Service Representatives range from $25K on the low end to $44K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $5K and $7K, respectively. Residence is the main element affecting pay for this group — the company and tenure are driving factors as well. Women make up the majority of Financial Service Representatives (65 percent) who completed the questionnaire. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Job satisfaction for Financial Service Representatives is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$25,617 - $44,817
(Median)
$26K
$35K
$45K
MEDIAN: $34,641
10%
50%
90%

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$11.36 - $18.68
(Median)
$11
$15
$19
MEDIAN: $14.00
10%
50%
90%

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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$15K$30K$45K
Salary
$25,617 - $44,817  
   
Bonus
$0.00 - $4,933  
Profit Sharing
$0.00 - $6,851  
Commission
$0.00 - $7,371  
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).
)
$25,152 - $44,215  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 316
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
$11.36 - $18.68  
   
Overtime
$13.90 - $28.80  
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 - $4,933  
   
Commission
$0.00 - $7,371  
Profit Sharing
$0.00 - $6,851  
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).
)
$25,152 - $44,215  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 423
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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 often transition into Banking Branch Manager positions, for which compensation tends to be much higher. On average, Banking Branch Managers earn $51K per year. A Financial Service Representative may also move into a role as an Assistant Branch Manager of Banking or a Personal Banker.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Service Representative (FSR)


Salary cannot be beat at TD Bank, N.A., where median pay comes to $39K. The range seems somewhat confined, however; the lower end sits at $30K, and the higher end is not far away at $52K.

Bank of The West offers the lowest pay in the field with a median salary of just $31K. There's also little variation in pay at the company, with pay ranging from $25K to $40K.

Popular Skills for Financial Service Representative (FSR)


Survey results show that Financial Service Representatives use a fair number of skills. Most notably, skills in Banking, Sales, Customer Relationship Management, and Customer Service are correlated to pay that is above average. Most people experienced in Customer Service also know Microsoft Office.

Pay by Experience Level for Financial Service Representative (FSR)

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


Financial Service Representatives do not generally earn higher incomes from more experience in the field. Folks with fewer than five years of experience take home $32K on average, and those who have worked for five to 10 years see a bigger median salary of $35K. Financial Service Representatives claiming one to two decades of experience make an estimated median of $37K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $38K.

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Experience Affects Financial Service Representative (FSR) Salaries

Late-Career
up arrow 14%



National Average
$34,000


Skills That Affect Financial Service Representative (FSR) Salaries

Banking
up arrow 1%

Sales
0%

Customer Relationship Management (CRM)
0%

National Average
$34,000

Customer Service
up arrow 1%

Microsoft Office
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 133 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
6%
1-4 years
50%
5-9 years
25%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 14%
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