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Financial Service Representative (FSR) Salary

Financial Service Representatives in the United States take home approximately $14.80 per hour on average. Overall compensation packages to Financial Service Representatives range from $25K on the low end to $44K on the high end; this includes bonuses that peak near $5K and profit sharing that approaches $7K, with some high rollers snagging commissions as high as $7K. While the specific employer and years of experience impact pay for this group, residence is the most influential factor. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Financial Service Representatives (65 percent) who took the survey are women. Most Financial Service Representatives like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$25,521 - $44,853
(Median)
$26K
$35K
$45K
MEDIAN: $34,798
10%
50%
90%

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$11.32 - $18.71
(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
$25,521 - $44,853  
   
Bonus
$0.00 - $4,942  
Profit Sharing
$0.00 - $6,851  
Commission
$0.00 - $7,097  
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).
)
$25,133 - $44,249  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 319
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
$11.32 - $18.71  
   
Overtime
$14.02 - $28.74  
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 - $4,942  
   
Commission
$0.00 - $7,097  
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).
)
$25,133 - $44,249  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 410

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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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Many Financial Service Representatives move into a Banking Branch Manager role, and folks who currently hold that position report a much higher median income of $51K per year. It is not uncommon for a Financial Service Representative to continue on 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)


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.

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, Customer Relationship Management, Sales, and Customer Service are correlated to pay that is above average. It is often found that people who know Customer Service are also skilled 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, more experience in the field does not usually mean bigger paychecks. Salaries for the relatively untried average out to around $32K, but survey participants with five to 10 years of experience earn a significantly higher median of $35K. After working for 10 to 20 years, Financial Service Representatives make a median salary of $37K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $38K.

Related Job Salaries

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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

Banking
up arrow 2%

Sales
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
0%

Microsoft Office
0%

National Average
$34,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 138 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: 83% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 14%