The average salary for an Internal Wholesaler is $51,606.
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What Do Internal Wholesalers Do?
Internal wholesalers work in the insurance and investment fields, and their primary function is to work closely with external vendors and financial institutions to increase sales and seek new markets for their firm. Typical employers include life insurance companies, investment banking firms, and similar institutions. These professionals typically work full time during regular business hours in an office environment. Their regular tasks include building relationships between internal advisers an…Read more
Internal Wholesaler Tasks
- Work in coordination with Regional Vice President to achieve regional sales goals and retain assets.
- Resolve any operational issues as they relate to clients of the assigned territory.
- Respond to inbound sales inquiries, literature requests and service issues.
- Increase market penetration by setting appointments, delivering product updates and proactively cultivating new prospects.
- Make outbound telephone sales calls to third party distributors within region to promote financial products.
Job Satisfaction for Internal Wholesaler
Popular Employer Salaries for Internal Wholesaler
Explore the most common career paths for Internal Wholesaler. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Business Development Manager
Somewhat common (8 - 20%)
Internal Wholesaler Job Listings
What Are Popular Skills for Internal Wholesalers?
Skills in Sales, Customer Relationship Management (CRM) and Inside Sales are correlated to pay that is above average. Skills that pay less than market rate include Insurance and Oral / Verbal Communication.
What is the Pay by Experience Level for Internal Wholesalers?
An entry-level Internal Wholesaler with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,003 based on 13 salaries. An early career Internal Wholesaler with 1-4 years of experience earns an average total compensation of $51,875 based on 95 salaries. A mid-career Internal Wholesaler with 5-9 years of experience earns an average total compensation of $58,999 based on 49 salaries. An experienced Internal Wholesaler with 10-19 years of experience earns an average total compensation of $52,172 based on 47 salaries. In their late career (20 years and higher), employees earn an average total compensation of $46,333.
Pay Difference by Location
Employees with Internal Wholesaler 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 Minneapolis, Minnesota (9.4% more) and Denver, Colorado (1.4% more). The lowest salaries can be found in Atlanta, Georgia (8.0% less), Hartford, Connecticut (3.1% less) and Philadelphia, Pennsylvania (0.0% less).
Years of Experience
This data is based on 211 survey responses.