Securities, Commodities, and Financial Services Sales Agents are professionals who connect buyers and sellers in financial markets. Their job involves selling securities (stocks and bonds), commodities, or financial services to clients. Key responsibilities include: 1. Advising clients on investments based on their goals and market trends. 2. Executing trades and transactions for clients. 3. Keeping up-to-date with market conditions and financial news. 4. Building and maintaining client relationships. 5. Developing investment strategies. 6. Analyzing financial data and creating reports. 7. Complying with regulations and ensuring transactions meet legal requirements. 8. Networking to find new clients and expand their customer base. Overall, the role involves a combination of sales, financial analysis, and client relationship management within the securities, commodities, and financial services industry.
This income data is sourced from the May 2023 Occupational Employment and Wage Statistics (OEWS) survey. The dataset is updated annually.
Annual Pay Distribution | Salary |
|---|---|
10th percentile | $44,860.00 |
25th percentile | $45,580.00 |
median (50th percentile) | $57,550.00 |
75th percentile | $83,260.00 |
90th percentile | $162,710.00 |
Hourly Pay Distribution | Hourly Rate |
|---|---|
10th percentile | $21.57 |
25th percentile | $21.91 |
median (50th percentile) | $27.67 |
75th percentile | $40.03 |
90th percentile | $78.23 |
Securities, Commodities, and Financial Services Sales Agents typically need a bachelor's degree in business, finance, economics, or a related field to enter the field. While some positions may be attainable with a high school diploma and relevant work experience, most employers prefer candidates with a higher education background due to the complexity of financial products and services involved in this profession. In the next paragraph, training for Securities, Commodities, and Financial Services Sales Agents commonly involves on-the-job training provided by their employer. This training includes learning about various securities and financial products, industry regulations, financial analysis techniques, and sales strategies. Many professionals also pursue certifications such as the Series 7 and Series 63 licenses, which are required by the Financial Industry Regulatory Authority (FINRA) to sell specific financial products. Ongoing professional development and continuing education are essential for staying current in this dynamic industry.