Financial Service Representative (FSR) Salary

For Financial Service Representatives, hourly average wages total $15.55 per hour. With some bonuses approaching $6K and certain profit sharing proceeds approaching $5K, overall incomes of Financial Service Representatives spread between $26K and $47K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by the company and tenure. The majority of Financial Service Representatives claim high levels of job satisfaction. Financial Service Representatives survey participants are largely women, dominating at 69 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. This snapshot results from replies to PayScale's salary survey.
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$27,289 - $49,319
$27K
$39K
$49K
MEDIAN: $39,377
10%
50%
90%

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$11.91 - $20.07
$12
$16
$20
MEDIAN: $15.65
10%
50%
90%

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$0$49K
Salary $27,289 - $49,319
Bonus $193.92 - $5,872
Profit Sharing $408.51 - $4,894
Commission $96.58 - $7,147
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).
)
$25,564 - $47,474
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 169
Hourly Data $0$32
Hourly Rate $11.91 - $20.07
Overtime $16.87 - $32.59
Annual Data $0$47K
Bonus $193.92 - $5,872
Commission $96.58 - $7,147
Profit Sharing $408.51 - $4,894
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).
)
$25,564 - $47,474
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 314

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Financial Service Representative (FSR)

A financial service representative (or FSR) generally works for a bank or credit union, although there are also a limited number of FSR positions available in insurance agencies, financial groups, and other institutions. The financial service representative holds a customer-facing position that requires that the employee be well-versed in the various financial offerings of their company.

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Financial Service Representative (FSR) 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.

Common Career Paths for Financial Service Representative (FSR)


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Financial Service Representatives may progress into high-paying roles like Financial Analyst, where median compensation is $55K annually. Financial Service Representatives most often move into positions as Banking Branch Managers or Assistant Branch Managers of Banking; those groups report median salaries that are $17K higher and $5K higher, respectively.

Financial Service Representative (FSR) Job Listings

Popular Employer Salaries for Financial Service Representative (FSR)


SunTrust Banks Inc., San Diego County Credit Union, State Employees Credit Union - North Carolina, State Employees' Credit Union, and Fidelity Investments are all popular places to work. Financial Service Representatives flock to TD Bank, N.A. for generous paychecks, where average earnings of $42K lead the pack in compensation. Financial Service Representatives will also find cushy salaries at Fidelity Investments (+$41K), TD Banknorth (+$37K), and SunTrust Banks Inc. (+$36K).

Others at the bottom of the scale for this job include State Employees Credit Union - North Carolina at $30K, Bank of The West at $31K, and Trustmark National Bank, where $31K is the norm.

Popular Skills for Financial Service Representative (FSR)


Financial Service Representatives seem to require a number of specific skills. Most notably, skills in Loan Processing, Consumer Loans, Sales, and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Banking, Customer Service, and Microsoft Office. Most people experienced in Customer Service also know Microsoft Office.

Pay by Experience Level for Financial Service Representative (FSR)

Pay by Experience for a Financial Service Representative (FSR) has a positive trend. An entry-level Financial Service Representative (FSR) with less than 5 years of experience can expect to earn an average total compensation of $33,000 based on 284 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Service Representative (FSR) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 116 salaries. An experienced Financial Service Representative (FSR) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $36,000 based on 91 salaries. A Financial Service Representative (FSR) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 18 salaries.

Pay Difference by Location

National Average: $34,761

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

New York offers some of the highest pay in the country for Financial Service Representatives, 37 percent above the national average. Financial Service Representatives will also find cushy salaries in Chicago (+11 percent), San Diego (+9 percent), St. Louis (+5 percent), and Philadelphia (+3 percent). Albuquerque ranks last in the field for pay, reporting salaries 19 percent below the national average. Below-median salaries also turn up in Las Vegas and Raleigh (16 percent lower and 5 percent lower, respectively).

Financial Service Representative (FSR) Reviews

Q: What is it like working as a Financial Service Representative (FSR)?

Financial Service Representative (FSR) in St. Louis:
"PB."
Pros: The experience I have gotten.
Cons: The Pay.

Financial Service Representative (FSR) in Richardson:
"Credit Union FSR."
Pros: Credit Unions are member and staff friendly. Verbally reinforce value from executive level and there is not as much corporate segregation.
Cons: Less pay in comparison to banks. Less performance based pay and direct management is unorginized in regards to performance review. Undefined development and office politics supersede merit based career growth.

Related Job Salaries

Key Stats for Financial Service Representative (FSR)

Gender

Female
70 %
Male
30 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 votes.
Less than 1 year
7%
1-4 years
54%
5-9 years
17%
10-19 years
18%
20 years or more
4%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Service Representative (FSR) Salaries

▲17%

▲3%

National Average
$35,000

▼3%

▼5%

Skills That Affect Financial Service Representative (FSR) Salaries

Loan Processing
▲10%

National Average
$35,000

Consumer Loans
▼1%

Sales
▼3%

Customer Relationship Management (CRM)
▼3%



▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
7%
1-4 years
54%
5-9 years
17%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 72%
vision benefits
Vision: 66%
no benefits
None: 14%
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