financial services sales agent job outlook

Use the career profiles on Job Outlook to learn about the future outlook, pay, main tasks, and physical and other demands of careers that interest you. Decisionmaking skills. At higher levels, bonuses far exceed base salary. The largest employers of securities, commodities, and financial services sales agents were as follows: Most securities, commodities, and financial services sales agents work many hours under stressful conditions. The environment of the stock exchange is changing as a result, with more traders carrying out orders behind a desk and fewer working on the exchange floor. Because most of the major investment banks are in New York City, employment of securities, commodities, and financial services sales agents is concentrated in that metropolitan area. An IPO is the process by which a company becomes open for public investment by issuing its first stock. Financial services sales agents may need to be licensed, especially if they sell securities or insurance. The .gov means it's official. In addition, they may work evenings and weekends because many of their clients work during the day. Financial Services Agent . How much competition will I face for a job? Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization. Sales Representative, Wholesale and Manufacturing. The pace of work is fast, and managers are usually demanding of their workers, because both commissions and advancements are tied to sales. Buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. Math skills. 1) Accountants and Auditors 2) Actors, Producers, and Directors 3) Actuaries 4) Administrative Services Managers Securities, Commodities, and Financial Services Sales Agents: Salary, career path, job outlook, education and more Education Required Securities, commodities, and financial services sales agents generally must have a bachelor’s degree to get an entry-level job. Investment bankers in corporate finance and mergers and acquisitions generally earn a base salary with the opportunity to earn a substantial bonus. Math skills. According to the Bureau of Labor Statistics Occupational Outlook Handbook, employment of insurance sales agent is expected to increase by 10% from 2012 to 2022. The projected percent change in employment from 2019 to 2029. Investment banking traders must make split-second decisions, with large sums of money at stake. New York LIfe Birmingham, AL Full-Time. Compare the job duties, education, job growth, and pay of securities, commodities, and financial services sales agents with similar occupations. 11. Financial services sales … Many investment banks use an “up or out” policy, in which entry-level investment bankers are either promoted or terminated after 2 or 3 years. 55,586 Sales Agent jobs available on Indeed.com. Analytical.Formulating sales strategies requires sales managers to collect and interpret sales data. It does not include pay for self-employed workers, agriculture workers, or workers in private households because these data are not collected by the Occupational Employment Statistics (OES) survey, the source of BLS wage data in the OOH. The United States remains an international financial center, meaning that the economic growth of countries around the world will contribute to employment growth in the American financial industry. Training varies depending on the real estate company. Many firms hire summer interns before their last year of college, and those who are most successful are offered full-time jobs after they graduate. The CareerPlanner.com "Job Outlook Tool" shows you the future demand for each type of job. Create a job alert for Securities, Commodities, and Financial Services Sales Agents. Apply to Insurance Agent, Sales Representative, Inbound Call Center Representative and more! 16,525 Financial Services Sales Agent jobs available on Indeed.com. Brokers and investment bankers must register as representatives of their firm with the Financial Industry Regulatory Authority (FINRA). Investment banking sales agents and traders carry out buy and sell orders for stocks, bonds, and commodities from clients and make trades on behalf of the firm itself. Because computers can conduct trades faster than people can, electronic trading is quickly replacing verbal auction-style trades on exchange floors. For example, a loan interviewer or clerk may become a loan officer, and a brokerage clerk may become a securities, commodities, and financial services sales agent, after obtaining the required education and license. For the average consumer, buying financial instruments such as stocks, bonds or retirement plans means contending with a bewildering array of numbers, procedures and regulations. Analytical skills. Government economists expect jobs for stockbrokers and financial services sales agents to grow about as fast as the average for all careers through 2020. In May 2019, the median annual wages for securities, commodities, and financial services sales agents in the top industries in which they worked were as follows: Many securities and commodities brokers earn a commission based on the monetary value of the products they sell. Buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. Many other licenses are available, each of which gives the holder the right to sell different investment products and services. IS. The percent change of employment for each occupation from 2019 to 2029. Last Modified Date: The work is usually stressful because agents deal with large amounts of money and have time constraints. Save Search. After a trader places an order for a security, floor brokers negotiate the price, make the sale, and forward the purchase price to the trader. Role: Team Manager - Renewals Sales Agent Location: Remote working Working Hours: Monday to Saturday, 37. Getting your first sales agent job mostly depends on how you present yourself and how discriminating you are with what you sell. Job Agent; Login; Searching Multiple Databases: Please Wait. Use our Career Test Report to get your career on track and keep it there. Traders and some other sales representatives also need licenses, although these vary by firm and specialization. Specified Date Posted: July 25, 2020 Inside Sales Account Executive - Littleton Summary We pride ... is our greatest benefit - Beyond the financial potential, we equip our Account Executives ... selling our products and services with authenticity. Job & Career Outlook . The How to Become One tab describes how to prepare for a job in the occupation. We make the hiring process one step easier by giving you a template to simply post to our site. Many investment banks use an “up or out” policy, in which entry-level investment bankers are either promoted or terminated after 2 or 3 years. In May 2019, the median annual wage for all workers was $39,810. Real estate brokers and sales agents help clients buy, sell, and rent properties. Securities, commodities, and financial services sales agents spend much of the day interacting with people, whether selling stock to an individual or discussing the status of a merger deal with a company executive. Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education. Firms often rotate their trainees among various departments to give them a broad understanding of the securities business. They contact potential clients to explain their services, which may include the handling of checking accounts, loans, certificates of deposit, individual retirement accounts, credit cards, and estate and retirement planning. Because simpler stock purchases can be made online without a broker, financial firms will focus on hiring sales agents with specialized areas of expertise and strong customer-service skills. Industries: Most work in Rental, Hiring and Real Estate Services; Construction; and Accommodation and Food Services. May advise customers about stocks, bonds, mutual funds, commodities, and market conditions. What Securities, Commodities, and Financial Services Sales Agents Do, How to Become a Securities, Commodities, or Financial Services Sales Agent, Employment projections data for securities, commodities, and financial services sales agents, 2019-29, Office of Occupational Statistics and Employment Projections, More Information, Including Links to O*NET, Securities Industry and Financial Markets Association, https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm, Credit intermediation and related activities, Securities, commodity contracts, and other financial investments and related activities, Contact prospective clients to present information and explain available services, Offer advice on the purchase or sale of particular securities, Buy and sell securities, such as stocks and bonds, Buy and sell commodities, such as corn, oil, and gold, Monitor financial markets and the performance of individual securities, Analyze company finances to provide recommendations for public offerings, mergers, and acquisitions. Finding clients is a large part of a broker’s job. Before sharing sensitive information, Investment banking sales agents and traders carry out buy and sell orders for stocks, bonds, and commodities from clients and make trades on behalf of the firm itself. Buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. For most profiles, this tab has a table with wages in the major industries employing the occupation. Customer-service skills. They sell securities to individuals, advise companies in search of investors, and conduct trades. Because the MBA exposes students to real-world business practices, it can be a major asset for jobseekers. After taking a series of tests, some brokers become portfolio managers and have greater authority to make investment decisions regarding an account. Financial services sales agents consult on a wide variety of banking, securities, insurance, and related services to individuals and businesses, often catering the services to meet the client’s financial needs. The environment of the stock exchange is changing as a result, with more traders carrying out orders behind a desk and fewer working on the exchange floor. Students who searched for Financial Services Job Descriptions, Salary and Career Info found the following related articles, links, and information useful. Make sure to add requirements, benefits, and perks specific to the role and your company. Getting an MBA may also help advancement opportunities. For the latter, median pay as of May 2017 was $63,780 and 90 percent earned between $33,060 and $208,200. It may also discuss the major industries that employed the occupation. An aging population and the decline of traditional pensions may boost demand for these workers, as individuals approaching retirement seek brokers to facilitate securities purchases. There is also a salary info tool to search for wages by zip code. Some of the most important services that investment bankers provide are initial public offerings (IPOs), and mergers and acquisitions. Within the sales representative job description lie the roles of company or product ambassador, salesperson, consultant, negotiator, and researcher. The recent financial crisis limited the number of job openings for a while, but now the industry is bouncing back. Getting an MBA may also help advancement opportunities. Although not always required, certification enhances professional standing and is recommended by employers. Apply now! Brokers and investment bankers must register as representatives of their firm with the Financial Industry Regulatory Authority (FINRA). Securities, commodities, and financial services sales agents must create their own client base by making “cold” sales calls to people to whom they have not been referred and to people not expecting the call. Financial Services Sales Agent Jobs. Markets such as the National Association of Securities Dealers Automated Quotation system (NASDAQ) use vast computer networks rather than human traders to match buyers and sellers. Investment bankers connect businesses that need money to finance their operations or expansion plans with investors who are interested in providing that funding. The United States remains an international financial center, meaning that the economic growth of countries around the world will contribute to employment growth in the American financial industry. To obtain the license, potential agents must pass a series of exams. Because markets fluctuate so much, trading is a split-second decisionmaking process. They attend conferences and training seminars regularly. Because most of the major investment banks are in New York City, employment of securities, commodities, and financial services sales agents is concentrated in that metropolitan area. For the latter, median pay as of May 2017 was $63,780 and 90 percent earned between $33,060 and $208,200. Financial services sales agents consult on a wide variety of banking, securities, insurance, and related services to individuals and businesses, often catering the services to meet the client’s financial needs. 67: Performing for or Working Directly with the ... commodities, and financial services sales agents work in high-stress environments … Investment banking traders must make split-second decisions, with large sums of money at stake. Markets such as the National Association of Securities Dealers Automated Quotation system (NASDAQ) use vast computer networks rather than human traders to match buyers and sellers. To obtain the license, potential agents must pass a series of exams. How Job Outlook can help you. Finding clients is a large part of a broker’s job. The Similar Occupations tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile. Securities, commodities, and financial services sales agents generally must have a bachelor’s degree to get an entry-level job. Many firms hire summer interns before their last year of college, and those who are most successful are offered full-time jobs after they graduate. Financial services sales agents may need to be licensed, especially if they sell securities or insurance. Securities, commodities, and financial services sales agents must be persuasive and make clients feel comfortable with the agent’s recommendations. The work is usually stressful because agents deal with large amounts of money and have time constraints. You may need some previous work-related skill, knowledge or experience to be a Financial Services Sales Agent.For example, an electrician must complete three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job. Financial service representatives provide consulting services within the banking and insurance sectors, dispensing financial advice, recommending products, and offering negotiated terms on mortgage applications. Trainee brokers usually earn a salary until they develop a client base. In addition, they may work evenings and weekends because many of their clients work during the day. This process is called underwriting, and it is the main function of investment banks. Don't ask again. After taking a series of tests, some brokers become portfolio managers and have greater authority to make investment decisions regarding an account. They must create their own client base by calling from a list of potential clients. Securities, commodities, and financial services sales agents must keep up with new products and services and other developments. make sure you're on a federal government site. Requirements vary by state, but most require 1 to 3 years of experience. Slight changes in the price of a trade can greatly affect its profitability, making the trader’s decision extremely important. Create Job Alert. It also describes the nature of the work, the work environment, the education requirements, and salary ranges. Investment bankers must pay close attention to the details of initial public offerings and mergers and acquisitions because small changes can have large consequences. Most employers provide intensive on-the-job training, teaching employees the specifics of the job, such as the products and services offered. 41-3031.00 - Securities, Commodities, and Financial Services Sales Agents. TIME. Demand for investment banking and retirement services are likely to create employment growth. Job Summary Responsible for selling a variety of financial services, including banking services, life insurance, retirement income, investments, and long-term care insurance. 200 N. LaSalle St. Suite 1100, Chicago, IL 60601. job seekers. Position: Financial Services Professional - Insurance Agent. Each salary is associated with a real job position. Financial services is a field that encompasses a wide variety of careers, such as a financial analyst, personal finance advisor and financial manager. Job Description of a Financial Services Sales Representative. Securities, commodities, and financial services sales agents held about 464,200 jobs in 2019. Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Occupational Employment Statistics. Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area. Some of the most important services that investment bankers provide are initial public offerings (IPOs), and mergers and acquisitions. This will result in approximately 778,000 new sales jobs. Financial Services Sales & Support Agent average salary is $36,400, median salary is $- with a salary range from $- to $-. Login; SignUp; Jobs. Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Securities, Commodities, and Financial Services Sales Agents, Their most closely-related job categories are financial advisors and insurance sales agents, as well as "Securities, Commodities, and Financial Services Sales Agents." Financial regulation, including restrictions on proprietary trading, has shifted employment among traders from investment banks to hedge funds; however, this shift should not affect overall employment growth for the occupation. 41-3031     OOH Code: U241, © Copyright 1997-2020, CAREERPLANNER.COM ® Inc. 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The high pay associated with securities, commodities, and financial services sales agents draws many more applicants than there are openings. Use our Job Search Tool to sort through over 2 million real jobs. This includes computer programming skills which they use to analyze financial products. Confirm Remind later. May sell retail and institutional mutual funds. This table shows a list of occupations with job duties that are similar to those of securities, commodities, and financial services sales agents. Explore A … Email. This is higher than other sales and related occupations, which are expected to grow by 7%. The people they advise may have very different levels of expertise in financial matters. Some experienced sales agents become branch office managers and supervise other sales agents while continuing to provide services for their own clients. Compare the job duties, education, job growth, and pay of securities, commodities, and financial services sales agents with similar occupations. Many other licenses are available, each of which gives the holder the right to sell different investment products and services. To qualify for this certification, applicants need a bachelor’s degree or 4 years of related work experience and must pass three exams, which require several hundred hours of independent study. The occupation code you requested, 41-3031.02 (Sales Agents, Financial Services), is … Investment bankers provide advice throughout the process to ensure that the transaction goes smoothly. Certification and a graduate degree, such as a Chartered Financial Analyst (CFA) certification and a master’s degree in business administration (MBA), can improve an applicant’s prospects. Financial Services Associate ... Keeping up-to-date technically and applying new knowledge to your job. Brokers, investment bankers, and financial services sales agents can earn the Chartered Financial Analyst (CFA) certification, sponsored by the CFA Institute. Use our Job Description Tool to sort through over 13,000 other Job Titles and Careers. Jobs Search through 2 million open positions. Because computers can conduct trades faster than people can, electronic trading is quickly replacing verbal auction-style trades on exchange floors. you make a change for YOUR future. Applicants also must have an international passport. Courses in business, finance, accounting, or economics are important, especially for larger firms. Job Outlook makes it easy to find and understand career information. Courses in business, finance, accounting, or economics are important, especially for larger firms. Job Outlook: Employment of securities, commodities, and financial services sales agents is projected to grow 4 percent over the next ten years, about as fast as the average for all occupations. Investment bankers travel extensively because they frequently work with companies in other countries. information you provide is encrypted and transmitted securely. 1) Accountants and Auditors 2) Actors, Producers, and Directors 3) Actuaries 4) Administrative Services Managers ... Job Outlook. Job Description It's time to be part of a company that is dedicated to making a difference. The wage at which half of the workers in the occupation earned more than that amount and half earned less. IT. May advise customers about stocks, bonds, mutual funds, commodities, and market conditions. ... By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. c l e v e r i s m. c l e v e r i s m. MENU. The median annual wage for securities, commodities, and financial services sales agents was $67,310 in May 2016. Numerous agents eventually get a master’s degree in business administration (MBA), which is often a requirement for high-level positions in the securities industry. Securities, commodities, and financial services sales agents typically do the following: Securities, commodities, and financial services sales agents deal with a wide range of products and clients. They sell securities to individuals, advise companies in search of investors, and conduct trades. Median wage data are from the BLS Occupational Employment Statistics survey. Training. The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. A bachelor’s degree is required for entry-level jobs, and a master’s degree in business administration (MBA) is useful for advancement. Financial regulation, including restrictions on proprietary trading, has shifted employment among traders from investment banks to hedge funds; however, this shift should not affect overall employment growth for the occupation. Investment banks primarily employ these workers, although some work for commercial banks, hedge funds, and private equity groups. Traders and some other sales representatives also need licenses, although these vary by firm and specialization. Most firms pay brokers a minimum salary in addition to commissions. In addition, automated trading systems have reduced demand for securities traders. The BLS projected that securities, commodities and financial services sales agents would see job growth of 4% between 2018 and 2028. https:// ensures that you are connecting to the official website and that any The sales representative job description contains the element of convincing customers, including new ones, to purchase products or services. Explore work conditions, salary, career outlook, and more. Find out about the skills, knowledge and abilities you may need to get and keep a job. To judge the profitability of potential deals, securities, commodities, and financial services sales agents must have strong analytical skills. A financial service sales agent is an individual who is responsible for selling a plethora of unique financial services. Sales Manager Job Essential Skills. The average salary for a Securities, Commodities, or Financial Services Sales Agent is $48,000. Getting your first sales agent job isn’t all that difficult. Securities, commodities, and financial services sales agents must be persuasive and make clients feel comfortable with the agent’s recommendations. Employers. Apply to Inside Sales Representative, Sales Representative, Loan Officer and more! Browse Products Post Jobs … Applicants can take the exams while they are getting the required work experience. Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. Firms often rotate their trainees among various departments to give them a broad understanding of the securities business. The people they advise may have very different levels of expertise in financial matters. Because markets fluctuate so much, trading is a split-second decisionmaking process. The lowest 10 percent earned less than $35,320, and the highest 10 percent earned more than $204,130. Decision-making skills. New York LIfe Birmingham, AL Full-Time. On a daily basis, Financial Services Sales Agents prepare forms or agreements to complete sales. Securities, commodities, and financial services sales agents usually advance to senior positions in a firm by accumulating a greater number of accounts. Sales Agent - Financial Services Representative. Salary Information. The recent financial crisis limited the number of job openings for a while, but now the industry is bouncing back. An aging population and the decline of traditional pensions may boost demand for these workers, as individuals approaching retirement seek brokers to facilitate securities purchases. In addition, automated trading systems have reduced demand for securities traders. The analysis involves information such as quantity of products or services, gross revenues and demographics of the purchasers. A few agents advance to top management positions or become partners in their firms. "Securities, Commodities, and Financial Services Sales Agents"   $60,000.00 - $100,000.00 / year Apply Now. Employment of securities, commodities, and financial services sales agents is projected to grow 6 percent from 2016 to 2026, about as fast as the average for all occupations. Sales workers and those employed in related occupations earned a median annual wage of $26,590 in May 2016. Also Financial Services Sales Agent Jobs. Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. Although not always required, certification enhances professional standing and is recommended by employers. Securities, Commodities, or Financial Services Sales Agent. Financial Report Service Sales Agent . Job Outlook makes it easy to find and understand career information. Percent change in employment, projected 2019-29, Note: All Occupations includes all occupations in the U.S. Economy.Source: U.S. Bureau of Labor Statistics, Employment Projections program.

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