Average Securities, Commodities, and Financial Services Sales Agents Salary in Madison, WI
Securities, Commodities, and Financial Services Sales Agents in Madison, WI, earn an average annual salary of $107,910. This figure is slightly below the national average of $110,380, indicating a localized market dynamic that influences compensation. Factors such as regional economic conditions and the specific demand within the Madison area contribute to this pay scale.
Executive Summary
- Average Salary: $107,910 per year.
- Growth Trend: Salaries have shifted 34.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,990.
- Outlook: With a local workforce of 500 professionals in this sector, Madison, WI, presents a moderate employment landscape for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 0.4 suggests that this profession is less concentrated here compared to the national average, implying a potentially less saturated but also less specialized market.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Madison, WI earns-2.2%below the national average.
$51.9
$2,075
$8,993
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Madison, WI is not provided, it is generally assumed that the financial services sector, including sales agents, has experienced steady growth over the past four years. This trend is often driven by evolving market demands, increased financial literacy, and the continuous need for expert guidance in investment and financial planning, likely leading to salary increases.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Madison, WI
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, but as agents gain expertise, build client portfolios, and achieve higher sales volumes, their earnings can ascend to senior levels, reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $50,750 | $24.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $80,933 | $38.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $79,020 | $38 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $134,888 | $64.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $178,990 | $86.1 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$107,910
Gross Pay
Real Wage (Purchasing Power)
$107,910
Adjusted for COL (100)
The average annual salary of $107,910 in Madison, WI, is particularly attractive when considering the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Madison-based agent's salary is equivalent to the national average, allowing for a comparable standard of living without the added financial strain of a higher cost of living.
Job Market Context
500
Total Jobs
1.232
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Madison, WI has a notably lower concentration of Securities, Commodities, and Financial Services Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.4 for Securities, Commodities, and Financial Services Sales Agents in Madison, WI, indicates that this role is less prevalent in the local job market compared to the national average. This suggests that while opportunities exist, the market is not as saturated, potentially offering a competitive edge for skilled professionals seeking employment in this field.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Madison, WI
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Madison, WI?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Madison, WI is $107,910. This typically ranges from $50,750 for entry-level positions to $178,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 2.2% lower than the national median of $110,380.
Is Madison, WI a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, with a comparable standard of living.While the average salary is slightly below the national average, the cost of living in Madison, WI, is also at the national average. This balance makes the $107,910 salary quite competitive in terms of real purchasing power.
Is Madison, WI a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($90,380) and Rockford, IL.
How does Madison's salary compare to the national average for this role?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Madison, WI, is $107,910, which is slightly lower than the national average of $110,380.
What is the concentration of this job role in Madison, WI?
The concentration, indicated by a Location Quotient of 0.4, is below the national average, meaning this profession is less common in Madison compared to the rest of the United States.
What does the Cost of Living Index mean for this salary?
With a Cost of Living Index of 100, Madison's cost of living is exactly average. Therefore, the $107,910 salary offers a purchasing power equivalent to the national average.
How many such jobs are there in Madison, WI?
There are approximately 1.232 jobs per 1,000 workers in Madison, WI, within the Securities, Commodities, and Financial Services Sales Agents sector, with a total local workforce of 500 professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Madison, WI area with a job density of 1.232 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 Madison, WI