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Wholesaler, Financial Services Salary

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.
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$39,313 - $118,880
MEDIAN: $59,317

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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.
$39,313 - $118,880  
$1,965 - $98,264  
Profit Sharing
$412.17 - $48,479  
$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
United States (change)

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.

Related Job Salaries

Experience Affects Wholesaler, Financial Services Salaries

up arrow 84%

up arrow 47%

National Average

Skills That Affect Wholesaler, Financial Services Salaries

up arrow 44%

up arrow 2%

National Average

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
Rated 4 out of 5
based on 52 votes.


28 %
72 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

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