Average Securities, Commodities, and Financial Services Sales Agents Salary in New York
Securities, Commodities, and Financial Services Sales Agents in New York command an impressive average annual salary of $195,380, significantly outpacing the national average of $110,380. This substantial difference is largely driven by New York's status as a global financial hub, attracting top talent and demanding higher compensation for specialized financial expertise.
Executive Summary
- Average Salary: $195,380 per year.
- Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $293,070.
- Outlook: With a substantial local workforce of 60,430 professionals in this field and a Location Quotient of 2.07, New York demonstrates a robust and concentrated demand for Securities, Commodities, and Financial Services Sales Agents. This high concentration indicates a market where these roles are not only present but are significantly more prevalent than the national average, suggesting a healthy and active job market.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in New York earns+77.0%above the national average.
$93.9
$3,757
$16,282
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Securities, Commodities, and Financial Services Sales Agents in New York have experienced consistent growth over the past four years. This trend is typically fueled by the dynamic nature of financial markets, increasing regulatory complexity, and the persistent demand for skilled professionals in a leading financial center.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in New York
Salary progression for Securities, Commodities, and Financial Services Sales Agents in New York typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, build client portfolios, and navigate complex market conditions, their earning potential increases substantially. The wide range between entry-level and senior roles, often reflected in salary percentile gaps, signifies clear career advancement and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $63,930 | $30.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $146,535 | $70.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $167,040 | $80.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $244,225 | $117.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $293,070 | $140.9 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$195,380
Gross Pay
Real Wage (Purchasing Power)
$156,179
Adjusted for COL (125.1)
While the nominal average salary of $195,380 in New York is exceptionally high, it's crucial to consider the local Cost of Living Index of 125.1. This means that while the gross income is considerably higher than the national average, the purchasing power of that income is somewhat reduced due to higher living expenses. Nonetheless, the salary premium generally offers a strong financial advantage even after accounting for the increased cost of living.
Job Market Context
60,430
Total Jobs
6.333
Per 1K Jobs
2.07
Location Quotient
New York has 2.1x the national concentration of Securities, Commodities, and Financial Services Sales Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.07 for Securities, Commodities, and Financial Services Sales Agents in New York signifies that this profession is more than twice as concentrated in the state compared to the national average. This indicates a highly competitive yet abundant job market, where opportunities are plentiful, but the pool of qualified candidates is also significant, driving both demand and the need for specialized skills.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near New York
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in New York?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in New York is $195,380. This typically ranges from $63,930 for entry-level positions to $293,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 77.0% higher than the national median of $110,380.
Is New York a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, New York is exceptionally lucrative for these professionals.The average salary of $195,380 is nearly double the national average, and the high concentration of these roles (LQ of 2.07) points to strong demand and competitive compensation within the state.
Is New York a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($104,770) and Kingston, NY.
How does New York's cost of living affect the salary?
New York's Cost of Living Index is 125.1, meaning expenses are about 25% higher than the national average. While the high salary of $195,380 helps offset this, it's important to factor in these increased costs for budgeting.
What does a Location Quotient of 2.07 mean?
A Location Quotient of 2.07 indicates that Securities, Commodities, and Financial Services Sales Agents are more than twice as common in New York as they are nationwide. This suggests a specialized and robust market for these roles.
Are there many job opportunities for this role in New York?
With a total local workforce of 60,430 and a high Location Quotient, New York offers a significant number of job opportunities for Securities, Commodities, and Financial Services Sales Agents, reflecting a strong demand in the state's financial sector.
How does experience impact salary for this role in New York?
Experience plays a crucial role in salary growth. Entry-level agents can expect lower earnings, while senior agents with proven track records and extensive client networks can command salaries significantly above the average, reflecting their value and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 60,430 employees in the New York area with a job density of 6.333 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 New York