In the Baltimore-Columbia-Towson, MD metropolitan area, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $86,380. This figure is notably lower than the national average of $110,380, suggesting that local market dynamics, industry concentration, or regional economic factors may influence compensation levels. Understanding these local nuances is crucial for professionals in this field.
Executive Summary
- Average Salary: $86,380 per year.
- Growth Trend: Salaries have shifted 5.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,040.
- Outlook: The Baltimore-Columbia-Towson, MD area supports a substantial workforce of 4,390 professionals in Securities, Commodities, and Financial Services Sales. With a Location Quotient of 1.07, the region demonstrates a slightly higher concentration of these roles compared to the national average, indicating a stable and potentially growing demand for skilled sales agents in the financial sector.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Baltimore-Columbia-Towson, MD earns-21.7%below the national average.
$41.5
$1,661
$7,198
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for this exact role in Baltimore-Columbia-Towson is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents have experienced growth over the past four years, mirroring broader economic trends and inflation. This suggests a positive trajectory for earning potential within the region.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression in Securities, Commodities, and Financial Services Sales is typically marked by significant salary increases. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries well into the upper percentiles, reflecting their value and expertise in client acquisition and management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,360 | $23.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $64,785 | $31.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $66,330 | $31.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $107,975 | $51.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $139,040 | $66.8 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$86,380
Gross Pay
Real Wage (Purchasing Power)
$86,380
Adjusted for COL (100)
The average annual salary of $86,380 in Baltimore-Columbia-Towson, MD aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial foundation for residents without the added pressure of higher or lower living expenses.
Job Market Context
4,390
Total Jobs
3.274
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
A Location Quotient of 1.07 for Securities, Commodities, and Financial Services Sales Agents in Baltimore-Columbia-Towson, MD indicates a job market that is slightly more concentrated than the national average. This suggests a healthy demand for these professionals, with opportunities potentially being more abundant or competitive compared to areas with lower quotients.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Baltimore-Columbia-Towson, MD
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Baltimore-Columbia-Towson, MD is $86,380. This typically ranges from $48,360 for entry-level positions to $139,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 21.7% lower than the national median of $110,380.
Is Baltimore-Columbia-Towson, MD a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, with a caveat.While the average salary of $86,380 is below the national average, the cost of living is also at the national average, making the nominal salary's purchasing power stable. The slightly higher concentration of these roles (LQ 1.07) suggests consistent demand.
Is Baltimore-Columbia-Towson, MD a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($104,110) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Baltimore-Columbia-Towson, MD is $86,380, which is lower than the national average of $110,380.
What is the cost of living in Baltimore-Columbia-Towson, MD?
The cost of living index in Baltimore-Columbia-Towson, MD is 100, which is exactly the national average.
How many Securities, Commodities, and Financial Services Sales Agents work in Baltimore-Columbia-Towson, MD?
There are approximately 4,390 professionals employed as Securities, Commodities, and Financial Services Sales Agents in the Baltimore-Columbia-Towson, MD metropolitan area.
Is the concentration of these jobs higher or lower than the national average in Baltimore-Columbia-Towson, MD?
The concentration of these jobs, measured by the Location Quotient, is 1.07, which is slightly higher than the national average of 1.0.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,390 employees in the Baltimore-Columbia-Towson, MD area with a job density of 3.274 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 Baltimore-Columbia-Towson, MD