All About Financial Services Sales Agents
Financial Services Sales Agent Job Description Sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.
A Day in the Life of a Financial Services Sales Agent
- Determine customers’ financial services needs and prepare proposals to sell services that address these needs.
- Prepare forms or agreements to complete sales.
- Review business trends to advise customers regarding expected fluctuations.
- Develop prospects from current commercial customers, referral leads, or sales or trade meetings.
- Make presentations on financial services to groups to attract new clients.
- Sell services or equipment, such as trusts, investments, or check processing services.
Qualities of a Financial Services Sales Agent
Below is a list of the skills most Financial Services Sales Agents say are important on the job.
Persuasion: Persuading others to change their minds or behavior.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.
Types of Financial Services Sales Agent
- Sales Advisor
- Financial Consultant
- Finance Specialist
- Financial Services Associate
- Chartered Financial Analyst (CFA)
Job Outlook for Financial Services Sales Agents
In the United States, there were 375,700 jobs for Financial Services Sales Agent in 2016. New jobs are being produced at a rate of 6.2% which is above the national average. The Bureau of Labor Statistics predicts 23,200 new jobs for Financial Services Sales Agent by 2026. There will be an estimated 38,000 positions for Financial Services Sales Agent per year.
The states with the most job growth for Financial Services Sales Agent are Arizona, Utah, and Iowa. Watch out if you plan on working in Massachusetts, New Jersey, or Maine. These states have the worst job growth for this type of profession.
Financial Services Sales Agent Average Salary
The typical yearly salary for Financial Services Sales Agents is somewhere between $34,360 and $208,000.
Financial Services Sales Agents who work in New York, South Dakota, or Connecticut, make the highest salaries.
How much do Financial Services Sales Agents make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$103,380|
What Tools & Technology do Financial Services Sales Agents Use?
Below is a list of the types of tools and technologies that Financial Services Sales Agents may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Email software
- Word processing software
- Spreadsheet software
- Microsoft SharePoint
- Microsoft Dynamics
- IBM Notes
- FileMaker Pro
- Oracle PeopleSoft
- Scheduling software
- Salesforce software
- IBM Cognos Impromptu
- Oracle E-Business Suite Financials
Becoming a Financial Services Sales Agent
Education needed to be a Financial Services Sales Agent:
What work experience do I need to become a Financial Services Sales Agent?
Where Financial Services Sales Agents Work
The table below shows some of the most common industries where those employed in this career field work.
Other Jobs You May be Interested In
Those interested in being a Financial Services Sales Agent may also be interested in:
- Marketing Managers
- Sales Engineers
- Treasurers and Controllers
- Financial Examiners
- Public Relations and Fundraising Managers
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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