Internal Wholesaler Salary

Commissions constitute a big slice (approximately one-fourth on average) of overall compensation for Internal Wholesalers, and the median take-home for this group lies near $62K. Including potential bonuses and profit sharing proceeds (more than $28K for each in exceptional cases) overall income bottoms out near $40K and hits $84K on the high end. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a fair 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. Job satisfaction is considered about average by most people in this profession. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$36,308 - $65,850
(Median)
$36K
$48K
$66K
MEDIAN: $48,239
10%
50%
90%

Add this chart to your site: 640px    300px

$11.66 - $21.75
(Median)
$12
$18
$22
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$29K$58K$87K
Salary
$36,308 - $65,850  
   
Bonus
$493.16 - $28,383  
Profit Sharing
$1,255 - $29,500  
Commission
$7,250 - $37,500  
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).
)
$39,899 - $84,447  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 144
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$15$30$45
Hourly Rate
$11.66 - $21.75  
   
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$30K$60K$90K
Bonus
$493.16 - $28,383  
   
Commission
$7,250 - $37,500  
Profit Sharing
$1,255 - $29,500  
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).
)
$39,899 - $84,447  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 11
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


Professional skills reported by Internal Wholesalers are few in number. Most notably, skills in Customer Relationship Management, Sales, Customer Service, and Investment Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Investment Management. It is not unusual for someone who knows Customer Relationship Management to be familiar with Sales as well.

Pay by Experience Level for Internal Wholesaler

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


For Internal Wholesalers, more experience in the field does not usually mean bigger paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $55K, but folks who have racked up five to 10 years see a notably higher median of $69K. After working for 10 to 20 years, Internal Wholesalers make a median salary of $71K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $77K.

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 23%

Experienced
up arrow 14%

Mid-Career
up arrow 10%

National Average
$62,000


Skills That Affect Internal Wholesaler Salaries

Customer Relationship Management (CRM)
0%

National Average
$62,000

Sales
up arrow 1%

Customer Service
up arrow 2%

Investment Management
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
35%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 80%
vision benefits Vision: 68% employee benefits None: 8%
ADVERTISEMENT