In the bustling financial hub of Boston-Cambridge-Newton, MA-NH, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $100,940. This figure is slightly below the national average of $110,380, a difference often attributed to the highly specialized nature of the financial sector within this metropolitan area and the concentration of talent. The local market dynamics and the presence of numerous financial institutions play a significant role in shaping compensation for these professionals.
Executive Summary
- Average Salary: $100,940 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,730.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in the Boston-Cambridge-Newton area appears robust, with a total local workforce of 10,870 professionals in this field. The Location Quotient of 1.31 indicates a higher concentration of these roles compared to the national average, suggesting a strong and established demand for these specialized skills within the region. This concentration points to a healthy and active job market for those in this sector.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Boston-Cambridge-Newton, MA-NH earns-8.6%below the national average.
$48.5
$1,941
$8,412
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 the Boston-Cambridge-Newton area have experienced growth over the past four years, mirroring national trends in the financial services industry. Factors such as market performance, evolving regulatory landscapes, and increased demand for financial advice likely contribute to upward pressure on compensation, reflecting a dynamic and potentially expanding career path.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, build client portfolios, and achieve higher sales targets, their earning potential escalates considerably. The gap between entry-level and senior-level salaries, often reflected in salary percentile distributions, signifies substantial opportunities for career advancement and increased financial reward within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $49,010 | $23.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $75,705 | $36.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $84,270 | $40.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $126,175 | $60.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $170,730 | $82.1 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$100,940
Gross Pay
Real Wage (Purchasing Power)
$100,940
Adjusted for COL (100)
The nominal average annual salary of $100,940 in Boston-Cambridge-Newton, MA-NH aligns precisely with the national average Cost of Living Index of 100. This means that while the gross salary might appear slightly lower than the national average, the purchasing power of that income is comparable to the national standard. Therefore, the salary offers a standard of living equivalent to the national average, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
10,870
Total Jobs
4.013
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
With a Location Quotient of 1.31, the Boston-Cambridge-Newton, MA-NH metropolitan area demonstrates a notable concentration of Securities, Commodities, and Financial Services Sales Agents relative to the national average. This suggests that the job market is more specialized and potentially more competitive, with a greater abundance of opportunities and a higher density of industry professionals. Companies in this region may actively seek out talent with specific expertise relevant to the local financial landscape.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Boston-Cambridge-Newton, MA-NH
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Boston-Cambridge-Newton, MA-NH is $100,940. This typically ranges from $49,010 for entry-level positions to $170,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 8.6% lower than the national median of $110,380.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, it offers comparable earning potential to the national average.While the average salary is slightly below the national benchmark, the cost of living is also at the national average, making the purchasing power equivalent. The high concentration of roles (LQ 1.31) indicates a strong, specialized market.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($76,710) and Worcester, MA.
How does the Boston salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in Boston-Cambridge-Newton, MA-NH is $100,940, which is approximately 8.5% lower than the national average of $110,380.
What is the Cost of Living in Boston-Cambridge-Newton, MA-NH?
The Cost of Living Index for Boston-Cambridge-Newton, MA-NH is 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the country.
How concentrated are these jobs in Boston-Cambridge-Newton, MA-NH?
The Location Quotient of 1.31 indicates that Securities, Commodities, and Financial Services Sales Agents are 31% more concentrated in this area than the national average, suggesting a strong local industry presence.
What does the total local workforce number mean?
A total local workforce of 10,870 in this sector signifies a substantial pool of professionals and a significant number of available positions within the Boston-Cambridge-Newton, MA-NH 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 10,870 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 4.013 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 Boston-Cambridge-Newton, MA-NH