Financial Services Specialist Salary
Financial Services Specialists in the United States are not likely to strike it rich; they only make around $36K annually on average. While career duration and the specific company impact pay for this group, geography is the most influential factor. Women make up a slight majority of Financial Services Specialists (56 percent) survey respondents. Among folks in this role, job satisfaction levels approximately match the national average. Most report receiving medical coverage from their employers and a strong majority collect dental insurance.
Job Description for Financial Services Specialist
Financial services specialists are in charge of providing sound financial advice and offering services to clients on behalf of their organization. They are responsible for providing excellent customer service and performing relevant administrative tasks (such as completing and filing financial requests) on behalf of their clients. They must be able to clearly explain financial concepts to individuals with no financial background, as well as interview clients and review written and oral information received from clients.Read More...
These specialists use their experience and expertise to determine which products and services will best fit their clients' needs and help determine their eligibility. Other tasks they may perform include helping implement program changes, recommending changes as needed, and using a personal computer to keep accurate client information and process financial data. When handling clients' financial and personal data, financial services specialists must follow all privacy regulations.
A bachelor's degree in finance, economics, or a related field is typically required for this position. Previous experience in a related role is often required or preferred, and industry and leadership certifications may be beneficial. Financial services specialists must possess strong communication, multitasking, and interpersonal skills. They also must be organized and pay close attention to detail before submitting information and clients' applications.
Financial Services Specialist Tasks
- Communicate financial information to internal partners.
- Provide financial analysis to upper management consistent with company goals.
Financial Services Specialist Job Listings
Search for more jobs:
Popular Employer Salaries for Financial Services Specialist
Department of Social and Health Services leads the field in terms of pay, with a median salary of $36K.
Employees at Regions Financial Corporation take home the smallest paychecks, and $32K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $25K and quickly nearing the top at only $40K.
Popular Skills for Financial Services Specialist
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Microsoft Excel, Data Analysis, Sales, and Customer Service are correlated to pay that is above average. Most people skilled in Customer Service are similarly competent in Banking.
Pay by Experience Level for Financial Services Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Respondents with less than five years' experience take home $34K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $40K. Financial Services Specialists claiming one to two decades of experience make an estimated median of $38K. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.