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Financial Service Representative (FSR) Salary

Average Financial Service Representatives in the United States make around $14.68 per hour. Overall incomes of Financial Service Representatives generally bottom out at around $25K and peak near $44K; the final number can, in exceptional cases, include upwards of $5K each for bonuses and profit sharing proceeds. The specific employer is the biggest factor affecting pay for this group, followed by geography and tenure. The majority of Financial Service Representatives claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Female Financial Service Representatives are more common than men among those who completed the survey; more than half (64 percent) are women. The data for this synopsis comes from respondents who took the PayScale salary survey.
$25,173 - $44,778
(Median)
25K
30K
34K
40K
45K
MEDIAN: $34,494
10%
25%
50%
75%
90%

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$11.24 - $18.72
(Median)
11
13
15
17
19
MEDIAN: $14.00
10%
25%
50%
75%
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
$25,173 - $44,778  
   
Bonus
$0.00 - $4,955  
Profit Sharing
$0.00 - $5,152  
Commission
$35.00 - $7,157  
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).
)
$24,991 - $44,378  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 355
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
$11.24 - $18.72  
   
Overtime
$12.16 - $28.87  
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 - $4,955  
   
Commission
$35.00 - $7,157  
Profit Sharing
$0.00 - $5,152  
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).
)
$24,991 - $44,378  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 424
United States (change)

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 transition into upper-level roles like Banking Branch Manager. Median pay for a Banking Branch Manager is $51K per year. It is quite typical for Financial Service Representatives to transition into roles as Assistant Branch Managers of Banking or Personal Bankers, where reported median earnings are $5K and $1K higher per year.

Financial Service Representative (FSR) Job Listings

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Popular Employer Salaries for Financial Service Representative (FSR)


Although salaries only range from $30K to just $46K, TD Bank, N.A. still offers the highest pay with a median paycheck of $38K.

Popular Skills for Financial Service Representative (FSR)


Financial Service Representatives report using a wide range of professional skills. Most notably, skills in Banking, Customer Relationship Management, Sales, and Customer Service are correlated to pay that is above average. The majority of those who know Customer Service also know 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 many Financial Service Representatives, extensive experience does not lead to significantly more money. Although individuals who have less than five years' experience earn $32K on average, people with five to 10 years benefit from a notably larger average of $35K. Financial Service Representatives see a median salary of $37K after reaching one to two decades on the job. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $38K.

Related Job Salaries

Experience Affects Financial Service Representative (FSR) Salaries

Late-Career
up arrow 14%



National Average
$33,000


Skills That Affect Financial Service Representative (FSR) Salaries

up arrow 5%

Customer Relationship Management (CRM)
up arrow 3%

Sales
up arrow 2%

Customer Service
up arrow 1%

Microsoft Office
0%

National Average
$33,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 154 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
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: 62% employee benefits None: 15%