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Wholesaler, Financial Services Salary (United States)

On average, commissions constitute a fair portion (more than a third) of final income for Financial Services Wholesalers. That final number averages out to $81K across the industry. Final cash compensation to Financial Services Wholesalers varies from around $49K to approximately $235K; choice pay grades include potential for bonuses and profit sharing as high as $98K and $48K, respectively. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Financial Services Wholesalers who answered the questionnnaire. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Financial Services Wholesalers, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Wholesaler, Financial Services Salary (?
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.
)
$39,313 - $118,880
(Median)
39K
59K
80K
120K
MEDIAN: $59,317
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$80K$160K$240K
Salary
$39,313 - $118,880  
   
Bonus
$1,965 - $98,264  
Profit Sharing
$412.17 - $48,479  
Commission
$10,067 - $140,311  
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).
)
$49,265 - $234,564  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 213
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Job Description for Wholesaler, Financial Services

  • Proactively educate financial advisors/registered representatives regarding company's distributed products and benefits and make recommendations to clients.
  • Provide appropriate guidance to the financial advisors/registered representatives regarding the company's operating results and business strategies.
  • Grow company's market share within the territory through consultation with financial advisors/registered representatives on company's products.
  • Develop new and build upon existing relationships with financial advisors/ registered representatives in the Broker Dealer network within their territory.
  • Maintain knowledge of company's business and market performance/position in order to provide guidance to financial advisors/registered representatives related to company's distributed products.

Wholesaler, Financial Services Job Listings

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Popular Skills for Wholesaler, Financial Services

Financial Services Wholesalers generally report applying a varied skill set to their work. Fortunate workers who know Sales command much higher paychecks, scoring salaries 44 percent above average. Skills that seem to negatively impact pay include Microsoft Office, Market Research, and Windows Operating System General Use. The majority of those who know Microsoft Office also know Sales.

Pay by Experience Level for Wholesaler, Financial Services

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Financial Services Wholesalers with a rich background of experience are typically rewarded with larger paychecks. Folks with fewer than five years of experience take home $64K on average, and those who have worked for five to 10 years see a bigger median salary of $86K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $120K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $150K.

Pay Difference By Location

San Francisco
up arrow 33%
New York
up arrow 13%
Chicago
up arrow 9%
National Average
$81,000
Boston
up arrow 14%
Larger circles over a city indicate a job is popular in that location.
For Financial Services Wholesalers, San Francisco provides a pay rate that is 33 percent greater than the national average. Financial Services Wholesalers will also find cushy salaries in New York (+13 percent) and Chicago (+9 percent). Those in the field find the lowest salaries in Boston, 14 percent below the national average.

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Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 84%
Experienced
up arrow 47%
National Average
$81,000

Skills That Affect Wholesaler, Financial Services Salaries

up arrow 44%
Powerpoint
up arrow 2%
National Average
$81,000
Marketing Communications
up arrow 12%
Microsoft Word
up arrow 13%
Windows Operating System General Use
up arrow 14%
Market Research
up arrow 15%
Microsoft Office
up arrow 17%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 52 votes.

Gender

Female
28%
female alumni
 
Male
72%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
28%
5-9 years
27%
10-19 years
36%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 86%
vision benefits Vision: 71% employee benefits None: 4%