How Much Do Financial Services 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 financial services 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 financial services 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 financial services representatives are offering as compensation.
Keep reading to learn more about how much financial services representatives can expect to make in the United States.
At a Glance: Salary & Jobs for Financial Services Representatives
According to data from 2022, there were about 456,626 positions for financial services representatives in the United States. In terms of salary, the national median salary for financial services representatives was reported to be $67,475. Additionally, when examining job demand, employers across the country posted 130,203 job postings related to positions for financial services representatives.
How Much Money Do Financial Services Representatives Make?
Median salary is just one data point. To build a better understanding of how much money financial services 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 financial services representatives.
Annual Salary for Financial Services Representatives
According to the BLS, the lowest earners for financial services representatives and related professions earned about $40,206 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $189,613 annually.
As mentioned previously, the median salary for financial services representatives in the United States in 2022 was $67,475.
Annual Salary Range For Financial Services Representatives In 2022
Hourly Salary for Financial Services Representatives
The BLS also breaks down compensation for financial services representatives by hourly salary, and the median average hourly pay for financial services representatives in 2022 was $32. Lowest hourly earners took home $19 while the highest reported hourly salaries for financial services representatives was $91.
Hourly Salary Range For Financial Services Representatives In 2022
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Degree Options for Financial Services Representatives
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Advertised Compensation for Financial Services Representatives
Data from the BLS is one way to dig into compensation for financial services 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 financial services 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 Financial Services Representatives
Advertised Annual Salary
During a review of 159,666 job postings related to financial services representatives, advertised salary was included in 24,973 of them, which was 16%. Based on those postings, the median advertised salary for financial services representatives was $52,352 per year.
Hourly Salary from Job Postings for Financial Services Representatives
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for financial services representatives. Based on 19% of postings with advertised compensation, the median hourly salary for open positions for financial services representatives in the United States is about $25.
Salary Trend for Financial Services Representatives
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for financial services 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 financial services representatives dating back to September 2019, advertised salaries for financial services representatives have increased 17%.
Advertised Wage Trend For Financial Services Representatives
What's the Job Growth for Financial Services 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 financial services representatives over the next 10 years.
According to the data obtained through Lightcast,™ there were 456,416 jobs for financial services representatives in the United States in 2022. By 2032, it is expected that about 68,995 jobs will be added. That's a 15.1% increase over the next 10-year period.
Employment Projections For Financial Services Representatives
Additional Links
Ready to dig deeper into career information about financial services representatives? Visit our other pages focused on salary and education for financial services representatives.
What do financial services representatives do?
Financial Services Representatives: How do you become one?
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