Financial Service Representative (FSR) Salary (United States)

The average Financial Service Representative in the United States earns approximately $14.54 per hour. Pay generally spreads from $11.19 per hour to $18.82. Cash earnings of Financial Service Representatives—including $4,911 bonuses, $4,338 profit sharing proceeds, and $9,744 commissions near the top of the pay scale—stretch from approximately $24,867 to approximately $45,076 depending on individual performance. Earnings for this group are mostly affected by geography, followed by career length and the individual firm. A strong majority report receiving medical coverage from their employers and most collect dental insurance. Female Financial Service Representatives are more prevalent than men—62 percent of professionals in this field are women. The majority of Financial Service Representatives claim high levels of job satisfaction. The figures in this outline were provided by individuals who took PayScale's salary questionnaire.
Financial Service Representative (FSR) Salary (?
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.
)
$25,314 - $45,206
(Median)
25K
30K
34K
40K
45K
MEDIAN: $34,399
10%
25%
50%
75%
90%
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Financial Service Representative (FSR) Salary (?
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.
)
$11.19 - $18.82
(Median)
11
13
15
17
19
MEDIAN: $14.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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$16K$32K$48K
Salary
$25,314 - $45,206  
   
Bonus
$0.00 - $4,911  
Profit Sharing
$125.00 - $4,338  
Commission
$20.27 - $9,744  
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).
)
$24,867 - $45,076  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 392
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
$11.19 - $18.82  
   
Overtime
$9.47 - $28.96  
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 - $4,911  
   
Commission
$20.27 - $9,744  
Profit Sharing
$125.00 - $4,338  
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).
)
$24,867 - $45,076  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 441
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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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Oftentimes, Financial Service Representatives' salaries rise greatly in accordance with career advancement. Those who assume a higher-end position such as a Bank Branch Manager usually get paid an extra $18,040 per year. The most common next step for Financial Service Representatives is moving into roles as Assistant Bank Branch Managers or Personal Bankers, where they can expect an extra $5,462 or $1,632 per year.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Service Representative (FSR)

TD Bank, N.A. offers the best pay with a median salary of $36,466, though salaries there max out at $46K.
SunTrust Banks Inc. offers the least pay with a median salary of $30,969; furthermore, salaries there max out at only $42K. Also approaching the lower end are San Diego County Credit Union at $32,214 and TD Bank, N.A. at $36,466.

Popular Skills for Financial Service Representative (FSR)

Survey results suggest that Financial Service Representatives put a wide range of professional skills to use. Those who have experience with Banking can expect to be compensated well for these skills, typically earning 7 percent more than the national average, respectively. 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.
For Financial Service Representatives, level of experience is overall a somewhat less important part of the salary calculation—more experience does not yield dramatically higher pay—and pay raises are largely incremental. Salaries can reach $35K from $33K after five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $38K. Salaries grow more slowly as Financial Service Representatives approach the 20-year mark, when the pay stabilizes at $38K. Experienced employees who have 10-20 years of experience make up 13 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 7 percent, and senior people with more than 20 years under their belt fill out the remaining less than five percent. Between one and nine years of experience is the norm for people in this field—most of those surveyed fit this bill.

Pay Difference By Location

New York
up arrow 33%
Philadelphia
up arrow 13%
San Diego
up arrow 10%
National Average
$33,000
Larger circles over a city indicate a job is popular in that location.
New York offers some of the highest pay in the country for Financial Service Representatives, 33 percent above the national average. Financial Service Representatives will also find cushy salaries in Philadelphia (+13 percent) and San Diego (+10 percent).

Related Job Salaries

Experience Affects Financial Service Representative (FSR) Salaries

Late-Career
up arrow 16%
National Average
$33,000

Skills That Affect Financial Service Representative (FSR) Salaries

up arrow 7%
Sales
up arrow 2%
Customer Service
up arrow 1%
Customer Relationship Management (CRM)
up arrow 1%
Microsoft Office
0%
National Average
$33,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 173 votes.

Gender

Female
62%
female alumni
 
Male
38%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
25%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 15%
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