Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Wholesaler, Financial Services Salary (United States)

A large fraction of take-home pay for Financial Services Wholesalers comes from commissions — over a third on average, in fact. The median overall income in this field is approximately $80K. With some bonuses approaching $96K and certain profit sharing proceeds approaching $48K, overall incomes of Financial Services Wholesalers spread between $47K and $217K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Almost all workers report receiving medical coverage from their employers and a strong majority collect dental insurance. Generally, women make up less than a third of all Financial Services Wholesalers. Work is enjoyable for Financial Services Wholesalers, who typically claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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.
)
$39,209 - $116,130
(Median)
39K
58K
77K
120K
MEDIAN: $57,887
10%
50%
75%
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$80K$160K$240K
Salary
$39,209 - $116,130  
   
Bonus
$1,993 - $95,943  
Profit Sharing
$997 - $48,479  
Commission
$10,050 - $140,624  
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).
)
$47,004 - $217,120  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 229
Is Wholesaler, Financial Services your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
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

Search for more jobs:
job title / company
location

Popular Skills for Wholesaler, Financial Services

Financial Services Wholesalers report using a pretty varied skill set on the job. Most notably, facility with Sales and Powerpoint are correlated to pay that is significantly above average, leading to increases of 45 percent and 3 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Office, Market Research, and Windows Operating System General Use. Most people familiar with Microsoft Office also know Marketing Communications and Market Research.

Pay by Experience Level for Wholesaler, Financial Services

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Those in the early stages of their career can expect to make around $63K; however, individuals with five to 10 years of experience bring in $84K on average — a distinctly larger sum. Financial Services Wholesalers see a median salary of $100K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $118K, which is barely higher than the median for folks with 10 to 20 years of experience. Most employees in this workforce have between one and nine years of experience; a little more than half of those surveyed fall within this distribution. Experienced employees who have 10-20 years of experience make up over a third of the workforce; inexperienced individuals who have been working for less than one year comprise less than two percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent.

Pay Difference By Location

San Francisco
up arrow 35%
New York
up arrow 15%
Chicago
up arrow 7%
National Average
$80,000
Boston
up arrow 12%
Larger circles over a city indicate a job is popular in that location.
Financial Services Wholesalers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 35 percent. Financial Services Wholesalers will also find cushy salaries in New York (+15 percent) and Chicago (+7 percent). Boston is the lowest-paying area, 12 percent south of the national average.

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 49%
Experienced
up arrow 25%
National Average
$80,000

Skills That Affect Wholesaler, Financial Services Salaries

up arrow 45%
Powerpoint
up arrow 3%
National Average
$80,000
Marketing Communications
up arrow 9%
Microsoft Word
up arrow 11%
Windows Operating System General Use
up arrow 12%
Microsoft Office
up arrow 14%
Market Research
up arrow 14%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 56 votes.

Gender

Female
29%
female alumni
 
Male
71%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
29%
5-9 years
27%
10-19 years
36%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 87%
vision benefits Vision: 70% employee benefits None: 4%