Financial Service Representative (FSR) Salary

Financial Service Representatives in the United States can expect wages of $15.23 per hour on average. Including potential for bonuses and profit sharing — peaking near $5K and $7K, respectively — total cash payment to Financial Service Representatives can bottom out near $25K or peak near $45K depending on individual performance. While the specific employer and experience level impact pay for this group, location is the most influential factor. Most workers in this position report high levels of job satisfaction. The majority of Financial Service Representatives (68 percent) who took the survey are female. Medical benefits are awarded to most, and a strong majority earn dental coverage. This report is based on responses to the PayScale salary survey.
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$26,705 - $45,222
(Median)
$27K
$36K
$45K
MEDIAN: $35,547
10%
50%
90%

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$11.63 - $19.23
(Median)
$12
$15
$19
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16K$32K$48K
Salary
$26,705 - $45,222  
   
Bonus
$0.00 - $5,068  
Profit Sharing
$0.00 - $6,904  
Commission
$0.00 - $7,545  
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).
)
$25,458 - $44,639  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 274
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.63 - $19.23  
   
Hourly Tips
$0.00  
Overtime
$14.94 - $30.33  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,068  
   
Commission
$0.00 - $7,545  
Profit Sharing
$0.00 - $6,904  
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).
)
$25,458 - $44,639  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 449
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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 often transition into Banking Branch Manager positions, for which compensation tends to be much higher. On average, Banking Branch Managers earn $51K per year. A Financial Service Representative may also move into a role as an Assistant Branch Manager of Banking or a Financial Services Representative.

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 $41K, though salaries there don't seem that varied, bottoming out near $32K and maxing out at just $53K.

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)


Financial Service Representatives seem to require a number of specific skills. Most notably, skills in Sales, Customer Relationship Management, Banking, and Customer Service are correlated to pay that is above average. Skills that pay less than market rate include Consumer Loans, Loan Processing, and Microsoft Office. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Respondents with less than five years' experience take home $32K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $35K. The average pay reported by folks with 10 to 20 years of experience is around $37K. Financial Service Representatives who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $39K on average.

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




National Average
$34,000


Skills That Affect Financial Service Representative (FSR) Salaries

National Average
$34,000

Sales
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
up arrow 2%

Banking
up arrow 2%

Microsoft Office
up arrow 3%

Loan Processing
up arrow 5%

Consumer Loans
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 92 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
5%
1-4 years
49%
5-9 years
24%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 13%
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