What Does it Take to Be a Securities and Commodities Sales Agent?
Securities & Commodities Sales Agent Job Description Buy and sell securities in investment and trading firms and develop and implement financial plans for individuals, businesses, and organizations.
Daily Life Of a Securities & Commodities Sales Agent
- Calculate costs for billings or commissions.
- Prepare financial reports to monitor client or corporate finances.
- Develop financial plans, based on analysis of clients’ financial status.
- Contact prospective customers to determine customer needs, present information, or explain available services.
- Complete sales order tickets and submit for processing of client-requested transactions.
- Relay buy or sell orders to securities exchanges or to firm trading departments.
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Securities & Commodities Sales Agent Needed Skills
When polled, Securities and Commodities Sales Agents say the following skills are most frequently used in their jobs:
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.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Persuasion: Persuading others to change their minds or behavior.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Other Securities & Commodities Sales Agent Job Titles
- Stockbroker
- Oil Speculator
- Customer Agent
- Mutual Funds Agent
- Field Marketing Representative
Securities & Commodities Sales Agent Job Outlook
There were about 375,700 jobs for Securities and Commodities Sales Agent in 2016 (in the United States). 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 Securities and Commodities Sales Agent by 2026. There will be an estimated 38,000 positions for Securities & Commodities Sales Agent per year.
The states with the most job growth for Securities & Commodities 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.
How Much Does a Securities & Commodities Sales Agent Make?
The salary for Securities and Commodities Sales Agents ranges between about $34,360 and $208,000 a year.
Securities and Commodities Sales Agents who work in New York, South Dakota, or Connecticut, make the highest salaries.
How much do Securities and Commodities Sales Agents make in different U.S. states?
State | Annual Mean Salary |
---|---|
Alabama | $82,810 |
Alaska | $101,290 |
Arizona | $72,750 |
Arkansas | $74,490 |
California | $81,610 |
Colorado | $76,160 |
Connecticut | $122,890 |
Delaware | $87,390 |
District of Columbia | $103,380 |
Florida | $82,810 |
Georgia | $77,000 |
Hawaii | $85,660 |
Idaho | $62,690 |
Illinois | $91,640 |
Indiana | $92,400 |
Iowa | $75,380 |
Kansas | $107,500 |
Kentucky | $85,420 |
Louisiana | $89,550 |
Maine | $81,670 |
Maryland | $97,570 |
Massachusetts | $118,310 |
Michigan | $79,320 |
Minnesota | $104,570 |
Mississippi | $78,220 |
Missouri | $80,280 |
Montana | $89,270 |
Nebraska | $86,920 |
Nevada | $70,480 |
New Hampshire | $98,030 |
New Jersey | $98,850 |
New Mexico | $56,380 |
New York | $161,580 |
North Carolina | $88,810 |
North Dakota | $100,060 |
Ohio | $77,960 |
Oklahoma | $78,220 |
Oregon | $66,120 |
Pennsylvania | $86,970 |
Rhode Island | $100,390 |
South Carolina | $75,120 |
South Dakota | $113,460 |
Tennessee | $75,610 |
Texas | $85,720 |
Utah | $71,460 |
Vermont | $105,770 |
Virginia | $90,410 |
Washington | $79,930 |
West Virginia | $83,930 |
Wisconsin | $77,780 |
Wyoming | $70,030 |
What Tools & Technology do Securities and Commodities Sales Agents Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Securities and Commodities Sales Agents:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Web browser software
- Python
- Data entry software
- Email software
- Graphics software
- Customer relationship management CRM software
- Bloomberg Professional
- C++
- Leading Market Technologies EXPO
- Derivicom FinOptions XL
- AnalyzerXL
How do I Become a Securities & Commodities Sales Agent?
What kind of Securities and Commodities Sales Agent requirements are there?
How many years of work experience do I need?
Where Securities and Commodities Sales Agents Are Employed
The table below shows the approximate number of Securities and Commodities Sales Agents employed by various industries.
You May Also Be Interested In…
Those thinking about becoming a Securities and Commodities Sales Agent might also be interested in the following careers:
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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