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Snapshot: Sales Agents, Financial Services

Snapshot: Sales Agents, Financial Services

AdminSecret Education

August 26, 2009

Job Description

Each day, hundreds of billions of dollars change hands on the major United States securities exchanges. This money is used to purchase stocks, bonds, mutual funds, and other financial instruments. Securities are bought and sold by large institutional investors, wealthy individuals, mutual funds and pension plans, and the general public. In fact, about half of American households own stock. Most securities trades are arranged through securities, commodities, and financial services sales agents, whether they are between individuals with a few hundred dollars to invest or between large institutions having millions of dollars. The duties of sales agents vary greatly depending on occupational specialty.

Median Salary

$61,374 – $335,000 including commission. (United States)

Education

Most employers provide intensive on-the-job training, especially for entry-level employees. While college coursework is helpful and a degree is often required to get your foot in the door, most firms have a specialized business model which employees must learn after they start.

Job Outlook

Financial Service agents jobs vary from state to state; however, job numbers for agents are expected to increase in size by 80,000 new jobs (25%) by 2016.