Average Securities, Commodities, and Financial Services Sales Agents Salary in Montgomery, AL
In Montgomery, AL, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $79,760. This figure is notably lower than the national average of $110,380, reflecting regional economic factors and a different market dynamic. The local compensation is influenced by the specific demand and supply within the Montgomery area for these specialized financial roles.
Executive Summary
- Average Salary: $79,760 per year.
- Growth Trend: Salaries have shifted 35.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,490.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Montgomery, AL, appears stable with a total local workforce of 250 individuals in this role. The Location Quotient of 0.51 suggests a concentration below the national average, indicating that while the profession is present, it is not a dominant sector within the local economy compared to national trends.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Montgomery, AL earns-27.7%below the national average.
$38.4
$1,534
$6,647
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Montgomery 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 general economic trends and inflation. This upward trajectory is typical as demand for financial expertise evolves and the cost of living potentially adjusts.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Montgomery, AL
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, while seasoned professionals with proven track records and specialized knowledge can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,610 | $18.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,820 | $28.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,370 | $30.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,700 | $47.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $132,490 | $63.7 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$79,760
Gross Pay
Real Wage (Purchasing Power)
$79,760
Adjusted for COL (100)
The average annual salary of $79,760 in Montgomery, AL, 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 is equivalent to the national average, offering a stable financial standing for residents without the added pressure of a higher cost of living.
Job Market Context
250
Total Jobs
1.556
Per 1K Jobs
0.51
Location Quotient
Montgomery, AL has 0.51x 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.
With a Location Quotient of 0.51, the market for Securities, Commodities, and Financial Services Sales Agents in Montgomery, AL, is less concentrated than the national average. This suggests that while opportunities exist, the field may be less competitive or saturated compared to larger metropolitan areas, potentially offering a unique advantage for skilled professionals seeking to establish themselves.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Montgomery, AL
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Montgomery, AL?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Montgomery, AL is $79,760. This typically ranges from $38,610 for entry-level positions to $132,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 27.7% lower than the national median of $110,380.
Is Montgomery, AL a lucrative place for Securities, Commodities, and Financial Services Sales Agents?
No, not compared to the national average.While the average salary of $79,760 is solid and matches the national cost of living, it falls significantly short of the $110,380 national average for this profession.
Is Montgomery, AL a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($81,150) and Southeast Alabama nonmetropolitan area.
How does Montgomery's job market compare to national trends for this role?
Montgomery's job market for these agents has a concentration (Location Quotient) of 0.51, meaning it's half as concentrated as the national average, indicating a smaller but present sector.
What is the significance of the Jobs per 1,000 Workers metric?
With 1.556 jobs per 1,000 workers, this indicates the relative prevalence of these roles within Montgomery's overall employment landscape, showing a moderate presence.
Does experience significantly impact salary in Montgomery for this role?
Yes, as with most financial services roles, experience is a key driver of salary, with senior agents typically earning substantially more than those starting out.
How does the Cost of Living affect the $79,760 salary?
The Cost of Living Index is 100, meaning it's exactly at the national average. Therefore, the $79,760 salary has the same purchasing power as the national average salary would in a typical US city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Montgomery, AL area with a job density of 1.556 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Securities, Commodities, and Financial Services Sales Agents Salaries by State
Top Jobs in Montgomery, AL
- All Occupations Salary in Montgomery, AL
- Office and Administrative Support Occupations Salary in Montgomery, AL
- Production Occupations Salary in Montgomery, AL
- Transportation and Material Moving Occupations Salary in Montgomery, AL
- Sales and Related Occupations Salary in Montgomery, AL
- Food Preparation and Serving Related Occupations Salary in Montgomery, AL
- Healthcare Practitioners and Technical Occupations Salary in Montgomery, AL
- Business and Financial Operations Occupations Salary in Montgomery, AL
- Management Occupations Salary in Montgomery, AL
- Educational Instruction and Library Occupations Salary in Montgomery, AL
- Browse All Jobs in Montgomery, AL →
Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Montgomery, AL