Securities, Commodities, and Financial Services Sales Agents in Massachusetts
Want to work as a Securities, Commodities, and Financial Services Sales Agents in Massachusetts? Here’s what the data says. 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.
What do Securities, Commodities, and Financial Services Sales Agents Make in Massachusetts?
For securities, commodities, and financial services sales agents working in Massachusetts, wages run about $82,490 per year (or roughly $39.66/hour).Pay can range from $49,060 at the 10th percentile to $165,080 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $49,060 | $23.59 |
| 25th percentile | $60,600 | $29.14 |
| Median (50th) | $82,490 | $39.66 |
| 75th percentile | $114,870 | $55.23 |
| 90th percentile | $165,080 | $79.37 |
The location quotient — a measure of how concentrated this occupation is in Massachusetts relative to the national average — is 1.18, indicating that securities, commodities, and financial services sales agents are more concentrated here than the national average.
National Wage Comparison
Nationally, securities, commodities, and financial services sales agents earn a median of $49,944 per year ($24.01/hour), higher than the Massachusetts median.
Employment Outlook
National employment for 1,058,168 securities, commodities, and financial services sales agents across the United States. In Massachusetts alone, about 13,210 people work in this role. That’s higher than the typical state, which employs around 3,870 securities, commodities, and financial services sales agents.
Top Massachusetts Metros for Securities, Commodities, and Financial Services Sales Agents
The metro areas below employ the most securities, commodities, and financial services sales agents in Massachusetts.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Boston-Cambridge-Newton, MA-NH | 10,870 | $84,270 |
| Worcester, MA | 650 | $60,010 |
| Springfield, MA | 380 | $58,630 |
| Barnstable Town, MA | 250 | $63,990 |
| Pittsfield, MA | 50 | $79,330 |
| Amherst Town-Northampton, MA | 40 | $58,400 |
Top States for Securities, Commodities, and Financial Services Sales Agents Employment
These states have the highest employment of securities, commodities, and financial services sales agents work.
| State | Number Employed |
|---|---|
| New York | 60,430 |
| California | 54,170 |
| Florida | 45,570 |
| Texas | 39,900 |
| Illinois | 25,290 |
| North Carolina | 18,530 |
| New Jersey | 16,940 |
| Pennsylvania | 15,460 |
| Arizona | 14,170 |
| Georgia | 14,140 |
| Ohio | 13,340 |
| Massachusetts | 13,210 |
| Colorado | 11,960 |
| Virginia | 10,650 |
| Washington | 8,380 |
| Maryland | 7,930 |
| Minnesota | 7,690 |
| Tennessee | 6,810 |
| South Carolina | 6,360 |
| Connecticut | 6,200 |
Highest-Paying States for Securities, Commodities, and Financial Services Sales Agents
These states pay the most for securities, commodities, and financial services sales agents.
| State | Annual Median Salary |
|---|---|
| New York | $167,040 |
| Connecticut | $130,990 |
| South Dakota | $96,960 |
| New Jersey | $96,470 |
| Massachusetts | $82,490 |
| Illinois | $82,130 |
| Vermont | $80,260 |
| Delaware | $79,800 |
| Minnesota | $79,640 |
| California | $79,140 |
Skills
The most important securities, commodities, and financial services sales agents skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most for securities, commodities, and financial services sales agents, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, securities, commodities, and financial services sales agents typically:
- Make bids or offers to buy or sell securities.
- Monitor markets or positions.
- Agree on buying or selling prices at optimal levels for clients.
- Keep accurate records of transactions.
- Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
- Complete sales order tickets and submit for processing of client-requested transactions.
- Report all positions or trading results.
- Interview clients to determine clients' assets, liabilities, cash flow, insurance coverage, tax status, or financial objectives.
- Discuss financial options with clients and keep them informed about transactions.
- Identify opportunities or develop channels for purchase or sale of securities or commodities.
- Develop financial plans, based on analysis of clients' financial status.
- Review all securities transactions to ensure accuracy of information and conformance to governing agency regulations.
Work Activities
- Working with Computers
- Getting Information
- Establishing and Maintaining Interpersonal Relationships
- Processing Information
- Making Decisions and Solving Problems
- Updating and Using Relevant Knowledge
- Communicating with People Outside the Organization
- Evaluating Information to Determine Compliance with Standards
- Analyzing Data or Information
- Organizing, Planning, and Prioritizing Work
- Communicating with Supervisors, Peers, or Subordinates
- Interpreting the Meaning of Information for Others
Tools & Technology
Software and systems commonly involved: Hot technologies: C++, Linux, Microsoft Access In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Programs that train for this career include:
- Finance & Financial Management
- Specialized Sales
Featured schools near , edit
Related Careers
Related occupations to securities, commodities, and financial services sales agents include:
- Financial Managers
- Investment Fund Managers
- Wholesale and Retail Buyers, Except Farm Products
- Purchasing Agents, Except Wholesale, Retail, and Farm Products
- Market Research Analysts and Marketing Specialists
- Credit Analysts
Also Known As
Account Administrator, Account Manager, Account Specialist, Bank and Savings Securities Trader, Banker, Banker Associate, Block Trader, Bond Broker, Bond Trader, Branch Banker, Branch Relationship Banker, Branch Sales Representative, Branch Service Representative, Broker, Business Banker.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 41-3031.00
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