Financial Services Representative at Canadian Imperial Bank of Commerce (CIBC) Salary (Canada)

A Financial Services Representative at Canadian Imperial Bank of Commerce (CIBC) earns an average salary of C$38,550 per year. People in this job generally don't have more than 10 years' experience.

C$33,771 - C$43,465
C$34K
C$38K
C$43K
MEDIAN: C$38,499
10%
50%
90%
C$0C$45K
Salary C$33,771 - C$43,465
Bonus C$501 - C$4,036
Profit Sharing C$288
Commission C$0.00
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).
)
C$34,147 - C$45,482
  • Country: Canada
  • Currency: CAD
  • Updated: 2 Jan 2018
  • Individuals Reporting: 68

Job Description for Financial Services Representative

A financial services representative works for a bank or other financial establishment to assist customers with a variety of the investments. They may also serve as the point person for handling regular loan applications for home mortgages, which includes providing information to customers on the application process. The financial services representative must be familiar with - and able to speak to customers about - a variety of investment strategies to suit the varying needs of the bank’s customers. The representative must be able to gather information from clients such as age, time until retirement, family size, and income to help the client determine appropriate investment options. The representative also looks at the client’s current investments and debts, and they may also be expected to make recommendations related to reducing payments or interest. Many banks also sell investment insurance and life-event insurance. The financial services representative presents these products to clients and customers as well.

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Financial Services Representative Tasks

  • Provide financial advice and match financial products with customers' needs and goals.
  • Develop long-term rapport with customers and foster profitable relationships.
  • Monitor market trends, identify and pursue potential customer leads, and meet sales goals.
  • Discuss customers' financial concerns, questions, and needs.

Financial Services Representative Job Listings

Pay Difference by Location

National Average: C$39,814

Larger city markers indicate a job is popular in that location.

Key Stats for Financial Services Representative

Gender

Female
37 %
Male
63 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.
Less than 1 year
11%
1-4 years
72%
5-9 years
8%
10-19 years
7%
20 years or more
1%

Experience Affects Financial Services Representative Salaries

Mid-Career
▲2%

National Average
C$40,000

▼1%

Skills That Affect Financial Services Representative Salaries

National Average
C$40,000

▼1%

Customer Service
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
11%
1-4 years
72%
5-9 years
8%
10-19 years
7%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 99%
dental benefits
Dental: 93%
vision benefits
Vision: 81%
no benefits
None: