Financial Service Representative (FSR) Salary

Median pay for Financial Service Representatives in the United States is around $14.95 per hour. 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 $8K. Earnings for this group are mostly affected by geography, followed by the specific employer and years of experience. Women account for the majority of Financial Service Representatives who responded to the questionnaire — 66 percent to be exact. Job satisfaction for Financial Service Representatives is high. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$25,845 - $44,830
(Median)
$26K
$35K
$45K
MEDIAN: $34,849
10%
50%
90%

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$11.33 - $18.87
(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
$25,845 - $44,830  
   
Bonus
$0.00 - $4,939  
Profit Sharing
$0.00 - $6,953  
Commission
$0.00 - $7,830  
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).
)
$25,236 - $44,414  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 301
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
$11.33 - $18.87  
   
Overtime
$12.75 - $29.56  
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 - $4,939  
   
Commission
$0.00 - $7,830  
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).
)
$25,236 - $44,414  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 425
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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. 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)


Although salaries only range from $31K to just $52K, TD Bank, N.A. still offers the highest pay with a median paycheck of $40K.

Not only do salaries lack room to grow — pay ranges from $25K to just $40K — but Bank of The West offers the lowest pay in town to boot, with a median paycheck of $31K.

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 Banking, Sales, Customer Service, and Customer Relationship Management (CRM) are correlated to pay that is above average. For most people, competency in Customer Service indicates knowledge of 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. The average worker who claims fewer than five years of experience earns around $32K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $35K. For Financial Service Representatives, 10 to 20 years of experience on the job amounts to an average salary of $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 120 votes.

Gender

Female
66 %
Male
34 %

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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