Financial Services Sales Agents Employment and Wages in 2022

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%.

Industry Sub-Groups

Among industry sectors, Finance and Insurance held the largest number of jobs for the Securities, Commodities, and Financial Services Sales Agents occupation, employing over 421 thousand people in 2022. The annual mean wage in this sector was $99,770, with a median wage of $65,390. There was a decrease in wage variance to the national average compared to 2021, with the variance shifting from -0.9% to -1%, indicating industry sector wages lagged national wage trends.

Management of Companies and Enterprises accounted for a substantial employment share for this occupation, with 14 thousand people employed in 2022. The annual mean wage for this sub-group was $109,110, and the median wage was $84,380. In terms of wage variance to the national average, there was an increase compared to 2021, with the variance shifting from 6.5% to 8.3%.

The Retail Trade sector also had considerable industry employment, with approximately 3 thousand people employed in 2022. The annual mean wage in this sub-group was $135,210 and the median wage was $107,050. The wage variance to the national average experienced an increase compared to 2021, with the variance shifting from 26.5% to 34.2%.

Highest Location Concentration

When we examine the top locations in terms of proportional employment within the Securities, Commodities, and Financial Services Sales Agents occupation, we find that Bridgeport-Stamford-Norwalk, CT had the highest concentration of jobs (3.2 times the national occupational employment share). The location had an annual mean wage in 2022, at $131,200, and a median wage of $124,990. The location variance to the national average was 30.2%. New York-Newark-Jersey City, NY-NJ-PA had the next highest concentration of jobs (2.2 times the national occupational employment share) and an annual mean wage of $173,980 and a median wage of $136,810. The industry variance to the national average was 72.7%. Trenton, NJ had 2.2 times the national occupational employment share and an annual mean wage of $93,600 and a median wage of $77,090. The industry variance to the national average was -7.1%.

Summary

In 2022, the Securities, Commodities, and Financial Services Sales Agents occupation flourished in the United States, with over 443,000 jobs, marking a notable 3.8% increase from the previous year. While these professionals enjoyed an annual mean wage of $100,740, their median wage was $67,480, which still surpassed the national average for all occupations by 62.7%. The Finance and Insurance sector emerged as the primary source of employment for individuals in this field, with over 421,000 jobs in 2022. Management of Companies and Enterprises and the Retail Trade sector also contributed significantly to employment opportunities, offering competitive wages. Bridgeport-Stamford-Norwalk, CT, stood out as the location with the highest concentration of jobs, followed by New York-Newark-Jersey City, NY-NJ-PA, and Trenton, NJ, as top locations for proportional employment within this occupation.

For more detailed insights, visit our Financial Services Sales Agents Dashboard or consider purchasing Aimiax’s 2022 Financial Services Sales Agents Occupation Report.