Wholesaler, Financial Services Salary

For Financial Services Wholesalers, bonuses and commissions account for a significant portion of income and add up to about three in four of their $86K 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 $249K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Most workers in this position report high levels of job satisfaction. Making up 71 percent of those who took the survey, male Financial Services Wholesalers greatly outnumber their female counterparts. The information for this snapshot was generated by responses to the PayScale salary survey.
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$39,782 - $120,170
(Median)
$40K
$60K
$120K
MEDIAN: $60,286
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$90K$180K$270K
Salary
$39,782 - $120,170  
   
Bonus
$2,000 - $100,478  
Profit Sharing
$405.47 - $68,211  
Commission
$10,213 - $197,823  
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).
)
$48,248 - $248,666  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 180
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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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Survey results suggest that Financial Services Wholesalers use a fairly large toolkit of professional skills. Fortunate workers who know Sales command much higher paychecks, scoring salaries 38 percent above average. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Market Research and Windows Operating System General Use also typically command lower compensation.

Pay by Experience Level for Wholesaler, Financial Services

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


For many Financial Services Wholesalers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience have a median salary of $64K. Those who have been around for five to 10 years can expect to take home more — $89K on average. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $142K. More than 20 years of experience mean a somewhat bigger median paycheck of $165K, but it's not much more than what less experienced people make.

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Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 93%

Experienced
up arrow 66%


National Average
$86,000


Skills That Affect Wholesaler, Financial Services Salaries

up arrow 38%

National Average
$86,000

Powerpoint
up arrow 3%

Marketing Communications
up arrow 16%

Microsoft Word
up arrow 17%

Windows Operating System General Use
up arrow 18%

Microsoft Office
up arrow 20%

Market Research
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
28%
10-19 years
33%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 87%
vision benefits Vision: 72% employee benefits None: 3%
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