Securities, Commodities, and Financial Services Sales Agents in the Albany-Schenectady-Troy, NY area earn an average annual salary of $109,980. This figure is remarkably close to the national average of $110,380, indicating a stable and competitive compensation landscape within this metropolitan region. Local economic factors and the specific demand for financial services professionals likely contribute to this near-parity with national benchmarks.
Executive Summary
- Average Salary: $109,980 per year.
- Growth Trend: Salaries have shifted 47.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $211,020.
- Outlook: With a local workforce of 1,140 professionals in this sector, and a Location Quotient of 0.84, the Albany-Schenectady-Troy area demonstrates a solid, albeit slightly below national average, concentration of these specialized roles. The presence of nearly 2.6 jobs per 1,000 workers suggests a consistent demand for financial services sales expertise, indicating a stable and predictable job market for those in this field.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Albany-Schenectady-Troy, NY earns-0.4%below the national average.
$52.9
$2,115
$9,165
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets, all of which contribute to higher earning potential for experienced professionals.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Securities, Commodities, and Financial Services Sales Agents significantly impacts earning potential, with entry-level positions typically offering lower compensation than senior roles. As professionals gain experience, develop specialized skills, and build client portfolios, their salaries can increase substantially. The percentile gaps in salary distributions often signify these advancements, with top earners commanding considerably higher incomes than those just starting out.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $49,710 | $23.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $82,485 | $39.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $77,440 | $37.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $137,475 | $66.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $211,020 | $101.5 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$109,980
Gross Pay
Real Wage (Purchasing Power)
$109,980
Adjusted for COL (100)
The average annual salary of $109,980 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a financial services sales agent's salary in this region is equivalent to the national average, suggesting that the nominal salary offers a comparable standard of living to that experienced elsewhere in the country.
Job Market Context
1,140
Total Jobs
2.579
Per 1K Jobs
0.84
Location Quotient
Albany-Schenectady-Troy, NY has 0.84x the national average concentration of Securities, Commodities, and Financial Services Sales Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.84 indicates that the Albany-Schenectady-Troy metropolitan area has a slightly lower concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This suggests that while the market is not oversaturated, there is a healthy presence of these professionals, implying a competitive yet accessible job market for skilled individuals in this field.
Nearby Job Markets
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Albany-Schenectady-Troy, NY?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Albany-Schenectady-Troy, NY is $109,980. This typically ranges from $49,710 for entry-level positions to $211,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 0.4% lower than the national median of $110,380.
Is Albany-Schenectady-Troy, NY a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, it is a comparably lucrative place.The average salary of $109,980 is nearly identical to the national average, and the cost of living is also at the national average, indicating strong earning potential.
Is Albany-Schenectady-Troy, NY a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($98,440) and Glens Falls, NY.
How does the local salary compare to the national average?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Albany-Schenectady-Troy, NY is $109,980, which is very close to the national average of $110,380.
What is the job market like for these professionals in Albany?
The job market shows a stable demand, with 1,140 professionals in the field and a Location Quotient of 0.84, indicating a consistent need for these services.
Does the cost of living affect the value of the salary?
No, the cost of living in Albany-Schenectady-Troy is at the national average (100), meaning the $109,980 salary offers a purchasing power equivalent to the national average.
How many Securities, Commodities, and Financial Services Sales Agents are there locally?
There are approximately 1,140 Securities, Commodities, and Financial Services Sales Agents employed in the Albany-Schenectady-Troy, NY metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,140 employees in the Albany-Schenectady-Troy, NY area with a job density of 2.579 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY