Financial Service Representative (FSR) Salary

Earnings for Financial Service Representatives in the United States come in at around $14.97 per hour on average. 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 specific employer and tenure. Medical benefits are awarded to most, and a strong majority earn dental coverage. There are more female Financial Service Representatives who answered the questionnaire than male, making up 65 percent. For the most part, Financial Service Representatives enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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$26,034 - $45,008

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$11.34 - $18.86

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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
$26,034 - $45,008  
   
Bonus
$0.00 - $4,954  
Profit Sharing
$0.00 - $6,953  
Commission
$0.00 - $7,646  
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).
)
$25,259 - $44,484  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 298
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$10$20$30
Hourly Rate
$11.34 - $18.86  
   
Overtime
$13.74 - $29.56  
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$20K$40K$60K
Bonus
$0.00 - $4,954  
   
Commission
$0.00 - $7,646  
Profit Sharing
$0.00 - $6,953  
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).
)
$25,259 - $44,484  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 437
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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. Becoming an Assistant Branch Manager of Banking or a Personal Banker is often the next step for a Financial Service Representative.

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 $40K. The range seems somewhat confined, however; the lower end sits at $31K, and the higher end is not far away at $52K.

Bank of The West offers the least pay with a median salary of $31K; furthermore, salaries there max out at only $40K.

Popular Skills for Financial Service Representative (FSR)


Financial Service Representatives report using a wide range of professional skills. Most notably, skills in Sales, Banking, Customer Relationship Management, and Customer Service are correlated to pay that is above average. Skills that pay less than market rate include Consumer Loans. 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 do not generally earn higher incomes from more experience in the field. Salaries of relatively inexperienced workers fall in the neighborhood of $32K, but folks who have racked up five to 10 years see a notably higher median of $35K. On average, Financial Service Representatives make $37K following one to two decades on the job. Financial Service Representatives who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $38K.

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 14%



National Average
$34,000


Skills That Affect Financial Service Representative (FSR) Salaries

Sales
0%

National Average
$34,000

Customer Service
up arrow 1%

Banking
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Microsoft Office
up arrow 2%

Consumer Loans
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 118 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
16%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 14%
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