$38,574
Avg. Salary
$16.25
Avg. Hourly Rate

Average additional compensation:

$1,993

Bonus

$1,448

Profit Sharing

$2,474

Commission

What am I worth?
How should I pay?

The average pay for a Financial Services Representative is $16.25 per hour.

The average pay for a Financial Services Representative is $38,574 per year.

10%
$11.99
10%
$16.25
50%
$21.79
90%
90%
MEDIAN $16.25
10%
$29k
10%
$39k
50%
$53k
90%
90%
MEDIAN $38,574
$29,146 - $53,284
$29K
$39K
$53K
MEDIAN: $38,574
10%
50%
90%

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$11.99 - $21.79
$12
$16
$22
MEDIAN: $16.25
10%
50%
90%

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$0$53K
Salary $29,146 - $53,284
Bonus $294 - $7,133
Profit Sharing $300 - $6,146
Commission $0.00 - $12,469
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).
)
$26,477 - $51,850
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 280
Hourly Data $0$33
Hourly Rate $11.99 - $21.79
Overtime $15.43 - $33.11
Annual Data $0$51K
Bonus $294 - $7,133
Commission $0.00 - $12,469
Profit Sharing $300 - $6,146
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).
)
$26,477 - $51,850
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 399

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.

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.

Common Career Paths for Financial Services Representative


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Advancing into a Banking Branch Manager role seems to be a popular career move for Financial Services Representatives, and folks who currently work in the latter position report a notably larger median income of $52K per year.

Financial Services Representative Job Listings

Popular Skills for Financial Services Representative


Survey results imply that Financial Services Representatives put a diverse skill set to use. Most notably, skills in Oral / Verbal Communication, Customer Relationship Management, Financial Analysis, and Customer Service are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Banking and Cash Handling. For most people, competency in Customer Service indicates knowledge of Insurance.

Pay by Experience Level for Financial Services Representative

Pay by Experience for a Financial Services Representative has a positive trend. An entry-level Financial Services Representative with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 242 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Services Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $36,000 based on 83 salaries. An experienced Financial Services Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 57 salaries. A Financial Services Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 22 salaries.

Financial Services Representative Advice

Q: What is it like working as a Financial Services Representative?

Financial Services Representative in Billings:
Focus on your member needs, listen, be helpful.

Related Job Salaries

Key Stats for Financial Services Representative

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.
Less than 1 year
11%
1-4 years
51%
5-9 years
16%
10-19 years
16%
20 years or more
6%

Experience Affects Financial Services Representative Salaries

▲10%

▲3%

▼0%

National Average
$36,000

▼5%

Skills That Affect Financial Services Representative Salaries

National Average
$36,000

Oral / Verbal Communication
▼1%

Financial Analysis
▼2%

Customer Relationship Management (CRM)
▼2%


▼3%

Insurance
▼4%

Cash Handling
▼7%

Banking
▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
11%
1-4 years
51%
5-9 years
16%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
vision benefits
Vision: 68%
no benefits
None: 13%