Securities, Commodities, and Financial Services Sales Agents: Buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. May advise customers about stocks, bonds, mutual funds, commodities, and market conditions.
Job Responsibilities
Securities, Commodities, and Financial Services Sales Agents are responsible for:
Buying and Selling: Execute buy and sell orders for stocks, bonds, commodities, and other financial products.
Client Advisory: Provide advice to clients regarding potential investments and the risks and benefits of different financial products.
Market Analysis: Monitor and analyze market conditions to inform investment strategies and client recommendations.
Portfolio Management: Assist clients in managing investment portfolios, making adjustments based on market changes and client goals.
Client Acquisition and Retention: Develop and maintain client relationships through effective communication and customer service.
Regulatory Compliance: Ensure all transactions and advisory services comply with relevant laws and regulations.
Financial Planning: Help clients plan for their financial futures, including retirement planning, education funding, and other financial goals.
Continuous Education: Stay informed about market trends, new financial products, and changes in financial regulations.
Recommended Qualifications
Education:
Typically, a bachelor's degree in finance, economics, business administration, or a related field.
A master's degree or professional certifications can enhance job prospects and credibility.
Licensing:
Required to be licensed to sell securities, which generally involves passing the Series 7 and Series 63 or 66 exams administered by FINRA.
Certifications:
Certifications like Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) can be beneficial.
Skills:
Strong analytical, sales, and customer service skills.
Excellent communication and interpersonal abilities.
Good decision-making and problem-solving skills.
Job Search Tips
Gain Experience: Consider internships or entry-level positions in brokerage firms, investment banks, or financial planning companies.
Networking: Connect with professionals in the field through LinkedIn, industry events, and finance-focused organizations.
Prepare for Exams: Dedicate time to studying for required licensing exams like the Series 7.
Tailor Your Resume: Emphasize any financial industry experience, sales skills, and relevant educational background.
In 2022, the Securities, Commodities, and Financial Services Sales Agents occupation accounted for over 443 thousand jobs in the United States, reflecting an increase of 3.8% from 2021. The annual mean wage in 2022 was $100,740, and the median wage was $67,480. Compared to the national average for all occupations, the wages for this occupation were higher by 62.7%.
The 2022 Annual Wages and Employment Report is a comprehensive analysis of national labor market trends within the Financial Services Sales Agents occupation. This report presents wage and employment data across various industries, occupation groups, and geographic regions within the United States, providing valuable insights into the state of the US labor market. The report is designed to help businesses, policymakers, and individuals make informed decisions based on the latest wage and employment data. Included with the report is a comprehensive occupational dataset in Excel format.