Internal Wholesaler Salary (United States)

An Internal Wholesaler earns an average salary of $48,225 per year. People in this job generally don't have more than 20 years' experience.
Internal Wholesaler Total Pay (?
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.
)
$38,732 - $65,205
(Median)
39K
48K
56K
65K
MEDIAN: $48,224
10%
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$30K$60K$90K
Salary
$38,732 - $65,205  
   
Bonus
$101.37 - $30,304  
Profit Sharing
$2,013 - $15,893  
Commission
$9,787 - $40,359  
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).
)
$43,195 - $87,041  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 114
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Location:
United States (change)
Years in Field/Career:
Job Description for Internal Wholesaler
Internal wholesalers work in the insurance and investment fields, and their primary function is to work closely with external vendors and financial institutions to increase sales and seek new markets for their firm. Typical employers include life insurance companies, investment banking firms, and similar institutions. These professionals typically work full time during regular business hours in an office environment. Their regular tasks include building relationships between internal advisers and external wholesale clients and providing product information to potential clients such as presentations, sales literature, individual and group meetings, and corporate workshops. They also initiate sales calls and related follow-up communication, as well as identify new corporate or regional opportunities to establish new clients and enter new markets.
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Internal Wholesaler Tasks
  • Increase market penetration by setting appointments, delivering product updates and proactively cultivating new prospects.
  • Make outbound telephone sales calls to third party distributors within region to promote financial products.
  • Respond to inbound sales inquiries, literature requests and service issues.
  • Work in coordination with Regional Vice President to achieve regional sales goals and retain assets.
  • Resolve any operational issues as they relate to clients of the assigned territory.

Internal Wholesaler Job Listings

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Popular Skills for Internal Wholesaler
Pay Difference By Location
New York
up arrow 16%
National Average
$65,000
Denver
up arrow 2%
Boston
up arrow 13%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Internal Wholesaler Salaries

Experienced
up arrow 14%
Mid-Career
up arrow 6%
National Average
$65,000
Entry-Level
up arrow 11%

Skills That Affect Internal Wholesaler Salaries

Customer Relationship Management (CRM)
up arrow 3%
National Average
$65,000
Sales
up arrow 2%
Investment Management
up arrow 11%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 28 votes.
Gender
Female
21%
female alumni
 
Male
79%
male alumni
Years of Experience
Less than 1 year
3%
1-4 years
36%
5-9 years
39%
10-19 years
19%
20 years or more
3%
Common Health Benefits
medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 69% employee benefits None: 9%
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United States (change)
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