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Financial Service Representative (FSR) Salary

Average Financial Service Representatives in the United States make around $14.80 per hour. Individual bonuses, profit sharing and commission for Financial Service Representatives — as high as $5K, $7K and $7K, respectively — each contribute to the degree of variation within overall compensation, ranging from $25K to $44K. The most influential factor affecting pay for this group is geographic location, though the company and years of experience have a (lesser) impact as well. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Female Financial Service Representatives survey participants are more prevalent than men — 66 percent of professionals. The majority of workers are highly satisfied with their job. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$25,658 - $44,773
(Median)
$26K
$35K
$45K
MEDIAN: $34,592
10%
50%
90%

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$11.32 - $18.60
(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
$25,658 - $44,773  
   
Bonus
$0.00 - $4,932  
Profit Sharing
$0.00 - $6,851  
Commission
$0.00 - $7,371  
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).
)
$25,094 - $44,140  
Country: United States | Currency: USD | Updated: 2 May 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 - $18.60  
   
Overtime
$13.96 - $28.77  
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 - $4,932  
   
Commission
$0.00 - $7,371  
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).
)
$25,094 - $44,140  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 418

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United States (change)


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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. Typical career progression for a Financial Service Representative involves becoming an Assistant Branch Manager of Banking or a Personal Banker, roles that pay $5K more and $1K more on average.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Service Representative (FSR)


TD Bank, N.A. pays the most with a median salary of $39K, though there is little variation overall ($30K to $52K).

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, Customer Relationship Management, Sales, and Customer Service 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.


For Financial Service Representatives, experience does not seem to be a major factor in determining pay. 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. On average, Financial Service Representatives make $38K following one to two decades on the job. Financial Service Representatives who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

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United States (change)

Experience Affects Financial Service Representative (FSR) Salaries

Late-Career
up arrow 14%



National Average
$33,000


Skills That Affect Financial Service Representative (FSR) Salaries

Sales
up arrow 1%

Banking
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
0%

National Average
$33,000

Microsoft Office
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 136 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: 83% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 14%
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