Wholesaler, Financial Services Salary

Commissions constitute a big slice (more than two-fifths on average) of overall compensation for Financial Services Wholesalers, and the median take-home for this group lies near $81K. Cash earnings for Financial Services Wholesalers — which occasionally include more than $99K from bonuses and more than $50K from profit sharing — stretch from around $48K to approximately $226K. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Financial Services Wholesalers. Most Financial Services Wholesalers survey respondents are men (70 percent). Medical benefits are awarded to almost all, and a large number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.
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$39,659 - $118,245
(Median)
$40K
$59K
$120K
MEDIAN: $59,091
10%
50%
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
$39,659 - $118,245  
   
Bonus
$1,216 - $98,836  
Profit Sharing
$400.00 - $50,000  
Commission
$10,213 - $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).
)
$48,129 - $226,139  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 198

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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.

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Financial Services Wholesalers report using a wide range of professional skills. 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.

Pay by Experience Level for Wholesaler, Financial Services

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


Experience seems to be a major factor in determining the incomes of Financial Services Wholesalers. Folks with fewer than five years of experience take home $63K on average, and those who have worked for five to 10 years see a bigger median salary of $85K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $139K. Financial Services Wholesalers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $147K on average.

Related Job Salaries

United States (change)

Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 82%

Experienced
up arrow 72%


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 11%

Microsoft Word
up arrow 12%

Windows Operating System General Use
up arrow 13%

Market Research
up arrow 15%

Microsoft Office
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 45 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
1%
1-4 years
29%
5-9 years
27%
10-19 years
34%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 86%
vision benefits Vision: 70% employee benefits None: 3%