How Much Do Institutional Sales Representatives Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary institutional sales representatives make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for institutional sales representatives and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of institutional sales representatives are offering as compensation.
Keep reading to learn more about how much institutional sales representatives can expect to make in the United States.
At a Glance: Salary & Jobs for Institutional Sales Representatives
According to data from 2022, there were about 56,612 positions for institutional sales representatives in the United States. In terms of salary, the national median salary for institutional sales representatives was reported to be $89,128. Additionally, when examining job demand, employers across the country posted 1,530 job postings related to positions for institutional sales representatives.
How Much Money Do Institutional Sales Representatives Make?
Median salary is just one data point. To build a better understanding of how much money institutional sales representatives and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for institutional sales representatives.
Annual Salary for Institutional Sales Representatives
According to the BLS, the lowest earners for institutional sales representatives and related professions earned about $48,651 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $154,690 annually.
As mentioned previously, the median salary for institutional sales representatives in the United States in 2022 was $89,128.
Annual Salary Range For Institutional Sales Representatives In 2022
Hourly Salary for Institutional Sales Representatives
The BLS also breaks down compensation for institutional sales representatives by hourly salary, and the median average hourly pay for institutional sales representatives in 2022 was $43. Lowest hourly earners took home $23 while the highest reported hourly salaries for institutional sales representatives was $74.
Hourly Salary Range For Institutional Sales Representatives In 2022
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Advertised Compensation for Institutional Sales Representatives
Data from the BLS is one way to dig into compensation for institutional sales representatives, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for institutional sales representatives.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Institutional Sales Representatives
Advertised Annual Salary
During a review of 2,381 job postings related to institutional sales representatives, advertised salary was included in 673 of them, which was 28%. Based on those postings, the median advertised salary for institutional sales representatives was $60,032 per year.
Hourly Salary from Job Postings for Institutional Sales Representatives
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for institutional sales representatives. Based on 44% of postings with advertised compensation, the median hourly salary for open positions for institutional sales representatives in the United States is about $29.
Salary Trend for Institutional Sales Representatives
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for institutional sales representatives. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for institutional sales representatives dating back to September 2019, advertised salaries for institutional sales representatives have increased 48%.
Advertised Wage Trend For Institutional Sales Representatives
What's the Job Growth for Institutional Sales Representatives?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for institutional sales representatives over the next 10 years.
According to the data obtained through Lightcast,™ there were 56,631 jobs for institutional sales representatives in the United States in 2022. By 2032, it is expected that about 9,052 jobs will be added. That's a 16% increase over the next 10-year period.
Employment Projections For Institutional Sales Representatives
Additional Links
Ready to dig deeper into career information about institutional sales representatives? Visit our other pages focused on salary and education for institutional sales representatives.
What do institutional sales representatives do?
Institutional Sales Representatives: How do you become one?
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