The average hourly pay for a Financial Services Representative is $16.55.
Financial Services Representative by
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What Do Financial Services Representatives Do?
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 custom…Read more
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.
Job Satisfaction for Financial Services Representative
Popular Employer Salaries for Financial Services Representative
The top respondents for the job title Financial Services Representative are from the companies State Employees' Credit Union, TD Bank, N.A. and TIAA-CREF. Reported salaries are highest at TIAA-CREF where the average pay is $22.47. Other companies that offer high salaries for this role include Fidelity Investments and TD Bank, N.A., earning around $21.60 and $21.34, respectively. DST Systems Inc pays the lowest at around $15.28. State Employees' Credit Union and TD Ameritrade, Inc also pay on the lower end of the scale, paying $18.15 and $19.52, respectively.
Financial Services Representative Job Listings
What Are Popular Skills for Financial Services Representatives?
Skills in Customer Service, Sales and Banking are correlated to pay that is above average. Skills that pay less than market rate include Consumer Loans and Cash Handling.
What is the Pay by Experience Level for Financial Services Representatives?
An entry-level Financial Services Representative with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.19 based on 70 salaries. An early career Financial Services Representative with 1-4 years of experience earns an average total compensation of $16.04 based on 309 salaries. A mid-career Financial Services Representative with 5-9 years of experience earns an average total compensation of $16.94 based on 85 salaries. An experienced Financial Services Representative with 10-19 years of experience earns an average total compensation of $18.17 based on 100 salaries. In their late career (20 years and higher), employees earn an average total compensation of $19.
Pay Difference by Location
Employees with Financial Services Representative in their job title in New York, New York earn an average of 26.5% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (22.4% more) and Raleigh, North Carolina (6.5% more). The lowest salaries can be found in Colorado Springs, Colorado (20.1% less), Charlotte, North Carolina (12.5% less) and Baltimore, Maryland (3.5% less).
Years of Experience
This data is based on 605 survey responses.