Average Securities, Commodities, and Financial Services Sales Agents Salary in Cleveland, OH
Securities, Commodities, and Financial Services Sales Agents in Cleveland, OH, earn an average annual salary of $80,800. This figure is notably below the national average of $110,380, reflecting regional economic factors and industry demand specific to the Cleveland market. While the nominal salary may seem lower, it's crucial to consider the local economic landscape when evaluating compensation.
Executive Summary
- Average Salary: $80,800 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,650.
- Outlook: The Cleveland market supports a local workforce of 3,340 Securities, Commodities, and Financial Services Sales Agents. With a Location Quotient of 1.05, the concentration of these roles in Cleveland is slightly above the national average, suggesting a stable, albeit not rapidly expanding, demand for these professionals within the region. The presence of over 3 jobs per 1,000 workers indicates a consistent need for talent in this sector.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Cleveland, OH earns-26.8%below the national average.
$38.8
$1,554
$6,733
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Cleveland's Securities, Commodities, and Financial Services Sales Agents is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery, evolving market dynamics, and inflation typically drive incremental increases in compensation for skilled professionals in the financial services sector.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Cleveland, OH
Salary progression for Securities, Commodities, and Financial Services Sales Agents in Cleveland, OH, is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and specialized expertise can significantly increase their earning potential. The variance in salaries across different experience levels, often seen in percentile data, highlights clear career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $43,200 | $20.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $60,600 | $29.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,860 | $29.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $101,000 | $48.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $140,650 | $67.6 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$80,800
Gross Pay
Real Wage (Purchasing Power)
$80,800
Adjusted for COL (100)
The average annual salary of $80,800 in Cleveland, OH, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Cleveland is equivalent to the national average, offering a stable financial footing for professionals relocating to or residing in the area.
Job Market Context
3,340
Total Jobs
3.225
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Cleveland, OH 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 1.05, Cleveland exhibits a slightly higher concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This suggests a moderately competitive job market where demand is present and stable, but perhaps not as intensely saturated as in major financial hubs. Professionals can expect a steady flow of opportunities without facing overwhelming competition.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Cleveland, OH
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Cleveland, OH?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Cleveland, OH is $80,800. This typically ranges from $43,200 for entry-level positions to $140,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 26.8% lower than the national median of $110,380.
Is Cleveland, OH a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, but it offers stable compensation.While the average salary of $80,800 is below the national average, the cost of living in Cleveland is also at the national average, making the purchasing power equivalent. The slightly above-average concentration of these roles indicates a stable job market.
Is Cleveland, OH a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($83,250) and Canton-Massillon, OH.
How does Cleveland's salary compare to the national average for this role?
The average salary in Cleveland, OH, is $80,800, which is approximately 27% lower than the national average of $110,380 for Securities, Commodities, and Financial Services Sales Agents.
What is the cost of living in Cleveland, OH?
Cleveland, OH, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are these jobs in Cleveland?
Cleveland has a Location Quotient of 1.05 for this profession, indicating a slightly higher concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average.
What is the total number of these professionals in Cleveland?
There are approximately 3,340 Securities, Commodities, and Financial Services Sales Agents employed in the Cleveland, OH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,340 employees in the Cleveland, OH area with a job density of 3.225 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 Cleveland, OH