Financial Service Representative (FSR) Salary

Financial Service Representatives in the United States can expect to earn an average of $14.92 per hour. Total cash compensation to Financial Service Representatives bottoms out near $25K and approaches $44K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $7K from profit sharing. Earnings for this group are mostly affected by location, followed by the company and experience level. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of Financial Service Representatives (65 percent) who took the survey are women. Job satisfaction for Financial Service Representatives is high. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$25,740 - $44,789
(Median)
$26K
$35K
$45K
MEDIAN: $34,723
10%
50%
90%

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$11.29 - $18.81
(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
$25,740 - $44,789  
   
Bonus
$0.00 - $4,898  
Profit Sharing
$0.00 - $6,851  
Commission
$0.00 - $7,757  
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).
)
$25,120 - $44,311  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 304
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
$11.29 - $18.81  
   
Overtime
$13.79 - $29.52  
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 - $4,898  
   
Commission
$0.00 - $7,757  
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).
)
$25,120 - $44,311  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 427
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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 who move on to become Banking Branch Managers may enjoy significant pay raises, as Banking Branch Managers get paid an average of $51K per year. It is not unusual for a Financial Service Representative to become 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)


Financial Service Representatives in search of the best pay head to TD Bank, N.A., where the median salary rolls in at $40K. Although pay is top-notch overall, it does seem to be curbed at $52K, which isn't dramatically higher than the lower-end figure of $31K.

Financial Service Representatives will find the worst pay at Bank of The West, where the median salary crawls in at $31K. Furthermore, compensation is curbed at $40K, leaving little room for growth.

Popular Skills for Financial Service Representative (FSR)


Financial Service Representatives typically list a handful of skills they use on the job. Most notably, skills in Banking, Sales, Customer Relationship Management, and Customer Service are correlated to pay that is above average. 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.


Financial Service Representatives with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have less than five years' experience make $32K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $35K. Financial Service Representatives with one to two decades of relevant experience report an average salary of approximately $37K. People who have worked for more than 20 years report a median income of $38K, which is barely higher than the median for folks with 10 to 20 years of experience.

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

Late-Career
up arrow 13%



National Average
$34,000


Skills That Affect Financial Service Representative (FSR) Salaries

Sales
0%

Banking
0%

National Average
$34,000

Customer Service
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Microsoft Office
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 125 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
6%
1-4 years
50%
5-9 years
24%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 14%
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