Internal Wholesaler Salary

Total annual pay for Internal Wholesalers is approximately $64K, and commissions account for a significant portion of this final number — just under a third on average. Total cash compensation to Internal Wholesalers bottoms out near $40K and approaches $91K on the high end; the biggest paychecks include approximately $31K from bonuses and almost $9K from profit sharing. Residence and experience level each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the greater part. Male Internal Wholesalers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. This report is based on answers to PayScale's salary questionnaire.

$37,295 - $65,968
(Median)
$37K
$49K
$66K
MEDIAN: $48,594
10%
50%
90%

Add this chart to your site: 640px    300px

$11.85 - $33.11
(Median)
$12
$20
$33
MEDIAN: $19.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$31K$62K$93K
Salary
$37,295 - $65,968  
   
Bonus
$1,007 - $30,639  
Profit Sharing
$1,007 - $9,123  
Commission
$7,891 - $40,107  
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).
)
$39,548 - $91,055  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 209
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$17$34$51
Hourly Rate
$11.85 - $33.11  
   
Overtime
$32.00  
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$50K$100K$150K
Bonus
$1,007 - $30,639  
   
Commission
$7,891 - $40,107  
Profit Sharing
$1,007 - $9,123  
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).
)
$39,548 - $91,055  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 13
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Internal Wholesaler


Survey takers who work as Internal Wholesalers usually report a few specific skills. Most notably, skills in Financial Analysis, Sales, Customer Service, and Customer Relationship Management (CRM) are correlated to pay that is above average. At the other end of the pay range are skills like Investment Management, Customer Relationship Management, and Customer Service. Employees educated in Customer Relationship Management are typically practiced in Sales, too.

Pay by Experience Level for Internal Wholesaler

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Internal Wholesalers with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $59K on average, people with five to 10 years benefit from a notably larger average of $70K. The average pay reported by folks with 10 to 20 years of experience is around $71K. As Internal Wholesalers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $75K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Internal Wholesaler Salaries

Late-Career
up arrow 18%

Experienced
up arrow 10%

Mid-Career
up arrow 9%

National Average
$64,000


Skills That Affect Internal Wholesaler Salaries

Financial Analysis
up arrow 4%

National Average
$64,000

Sales
up arrow 2%

Customer Service
up arrow 4%

Customer Relationship Management (CRM)
up arrow 6%

Investment Management
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
3%
1-4 years
45%
5-9 years
32%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 82%
medical benefits
Vision: 69%
dental benefits
None: 7%
ADVERTISEMENT