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Wholesaler, Financial Services Salary

For Financial Services Wholesalers, bonuses and commissions account for a significant portion of income and add up to three-fourths of their $84K yearly pay. Cash earnings for Financial Services Wholesalers — which occasionally include more than $100K from bonuses and more than $68K from profit sharing — stretch from around $48K to approximately $239K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Financial Services Wholesalers, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Male Financial Services Wholesalers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. This overview is based on answers to PayScale's salary questionnaire.
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$39,379 - $120,208
(Median)
$39K
$60K
$120K
MEDIAN: $59,729
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
$39,379 - $120,208  
   
Bonus
$1,200 - $100,000  
Profit Sharing
$405.47 - $68,211  
Commission
$10,113 - $141,583  
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).
)
$47,658 - $239,020  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 191

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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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Financial Services Wholesalers report using a diverse set of skills on the job. Fortunate workers who know Sales command much higher paychecks, scoring salaries 41 percent above average. At the other end of the pay range are skills like 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.


Financial Services Wholesalers with a rich background of experience are typically rewarded with larger paychecks. The average inexperienced worker's salary is approximately $64K, and people with five to 10 years of experience bring in more at around $88K on average. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $143K. 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 $170K.

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United States (change)

Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 103%

Experienced
up arrow 71%


National Average
$84,000


Skills That Affect Wholesaler, Financial Services Salaries

up arrow 41%

National Average
$84,000

Powerpoint
up arrow 1%

Marketing Communications
up arrow 14%

Microsoft Word
up arrow 15%

Windows Operating System General Use
up arrow 16%

Microsoft Office
up arrow 18%

Market Research
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
27%
10-19 years
34%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 97% dental benefits Dental: 87%
vision benefits Vision: 71% employee benefits None: 3%
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