Financial Services Sales Agents: Salary, Job Description, How To Be One and More

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Financial Services Sales Agents jobs information
pros and cons of being a Financial Services Sales Agent

Financial Services Sales Agents

Other names for this job might include Account Executive, Business Banker, Chartered Financial Analyst (CFA), Client Manager, Finance Specialist, Financial Consultant, Financial Report Service Sales Agent, Financial Services Representative, Financial Services Sales Representative, Financial Specialist


  • $102860
    Salary
  • 63%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B+



Financial Sales Agents: Know It All In 1 Minute


In this career summary, you will find out what the job of A Financial Sales Agent is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Financial Services Sales Agents sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.


    Read more about what does A Financial Sales Agent really do at work and what is it like being and working as one.


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    Salary

    Average salary
    $102860 per year

    Hourly wage
    $49.45 an hour


    Financial Sales Agents with little to no experience tend to make between $32680 and $40410 while the more experienced ones make over $135430 per year.

    Top 5 paying statesHourlyAnnual
    NY$72.65$151120
    NH$72$149750
    CT$63.39$131850
    MA$60.51$125870
    KS$56.01$116500

    1 of the easiest ways to increase your salary as A Financial Sales Agent is to move to a higher paying state like NY. Right now, the highest paying states for Financial Sales Agents are NY, NH, CT, MA and KS.

    However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.

    3 other factors that can increase your salary as A Financial Sales Agent is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

    Find out how much do successful Financial Sales Agents make and if their salary is high when compared to all the other careers.


    Requirements

    Recommended degree level
    High School Diploma (or GED)

    We asked other Financial Sales Agents what degree they had when they got the job and most of them said they had a High School Diploma followed by Bachelors degree.

    Other than that we also asked them what did they major in and here are the most popular majors that came up.

    Financial Planning and Services
    Investments and Securities
    Business and Personal/Financial Services Marketing Operations

    Another popular question from our readers is what makes A Financial Sales Agent successful or would they be good in this career.

    Well, we found that most successful Financial Sales Agents have these 5 skillsets.

    Persuasion
    Active Listening
    Speaking
    Critical Thinking
    Reading Comprehension

    In addition to that, 1 common characteristic among successful Financial Sales Agents is they are good at Integrity. Here are the top 5 common characteristics.

    Integrity
    Dependability
    Attention to Detail
    Cooperation
    Self Control
    = Hot in-demand that most employers are looking for

    Read more about what it really takes to become A Financial Sales Agent and the degree, training and education you need


    Pros and Cons

    Here are some reasons why you should and shouldn’t choose A Financial Sales Agent as your career.

    PROS
    Suitable for people who likes to start and carry out projects
    Suitable for people who wants job security and a good working condition
    This career is perfect for people who love to work indoors.
    It is not too difficult to get into this career. Previous workrelated skill, knowledge, or experience is required for this career.
    Demand for this career is growing fast
    CONS
    Not suitable for people who likes practical and handson work
    Long working hours (More than 40 hours per week)


    There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

    A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



    What is the job like

    Job satisfaction
    63%

    Is this job meaningful
    42%


    Working hours
    More than 40 hours per week

    Working schedule
    Regular (Set schedule and routine)


    On a normal working week Financial Services Sales Agents work More than 40 hours per week.

    63% of Financial Sales Agents said they were satisfied with their job and 42% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Persuaders and The Organizers


    You can read more about these career personality types here.

    People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

    They also like following set procedures and routines. They like working with data and details more than with ideas.



    How we can help

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    Rank: B
    Salary: $103260

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    Rank: C+
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    They sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
    Rank: A+
    Salary: $108090

    They advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients’ assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
    Rank: A+
    Salary: $130230

    They direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
    Rank: A
    Salary: $73670

    They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.






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    Career type

    Sales and Marketing
    Financial and Investment Planning

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    Related to Financial Services Sales Agents Career Information

    Financial Services Sales Agents job description, Financial Services Sales Agents salary, Financial Services Sales Agents information, what is the job of a Financial Services Sales Agent like, pros and cons about Financial Services Sales Agents, colleges and universities for Financial Services Sales Agents, is Sales Agents, Financial Services the right career for me, Medium careers to get into, careers in Sales and Marketing

    Additional resources

    http://www.bls.gov/OOH/sales/securities-commodities-and-financial-services-sales-agents.htm
    http://www.gafm.com/
    http://www.sifma.org/
    http://www.finra.org/

    OwlGuru.com
    OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
    Financial Services Sales Agents
    Written by: Stanley Tan
    Financial Sales Agents sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.
    4.5 / 5 stars

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