Securities, Commodities, and Financial Services Sales Agents in the New York-Newark-Jersey City, NY-NJ metropolitan area command an impressive average annual salary of $191,710. This figure significantly outpaces the national average of $110,380, a disparity largely driven by the concentration of financial institutions and the high demand for specialized sales talent within this global financial hub.
Executive Summary
- Average Salary: $191,710 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $287,565.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in New York-Newark-Jersey City is exceptionally robust, evidenced by a substantial local workforce of 65,000 individuals. The Location Quotient of 2.27 indicates a concentration of these roles more than double the national average, signaling strong and sustained demand for professionals in this sector within the region.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in New York-Newark-Jersey City, NY-NJ earns+73.7%above the national average.
$92.2
$3,687
$15,976
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive salary growth trend for Securities, Commodities, and Financial Services Sales Agents in the New York-Newark-Jersey City area over the past four years. Factors such as market volatility, evolving financial products, and the increasing complexity of client needs typically drive up compensation for experienced professionals in this dynamic field.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Securities, Commodities, and Financial Services Sales Agents in this region typically sees significant salary increases with experience. Entry-level positions might start closer to the national average, but seasoned professionals with a proven track record and extensive client networks can command salaries well into the upper percentiles, often exceeding $250,000 annually, reflecting the value of their expertise and established relationships.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $60,730 | $29.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $143,783 | $69.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $166,170 | $79.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $239,638 | $115.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $287,565 | $138.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$191,710
Gross Pay
Real Wage (Purchasing Power)
$191,710
Adjusted for COL (100)
The nominal average salary of $191,710 in New York-Newark-Jersey City is particularly noteworthy given the local Cost of Living Index is exactly at the national average of 100. This means that the higher earnings translate directly into greater purchasing power for these financial professionals compared to their counterparts in more expensive regions, making it a financially advantageous location.
Job Market Context
65,000
Total Jobs
6.943
Per 1K Jobs
2.27
Location Quotient
New York-Newark-Jersey City, NY-NJ has 2.3x 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.
With a Location Quotient of 2.27, the New York-Newark-Jersey City area exhibits a significantly higher concentration of Securities, Commodities, and Financial Services Sales Agents than the national average. This indicates a highly competitive yet abundant job market, where opportunities are plentiful, but employers are also seeking top-tier talent due to the sheer volume of professionals in the field.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in New York-Newark-Jersey City, NY-NJ is $191,710. This typically ranges from $60,730 for entry-level positions to $287,565 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 73.7% higher than the national median of $110,380.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Securities, Commodities, and Financial Services Sales Agents?
Yes, it is exceptionally lucrative.The average salary of $191,710 is nearly double the national average, and the cost of living is on par with the national average, offering substantial earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($108,610) and Trenton-Princeton, NJ.
How does the local workforce size impact job opportunities?
A local workforce of 65,000 suggests a large and active market, providing numerous opportunities for both new entrants and experienced professionals in the financial sales sector.
What does a Location Quotient of 2.27 signify?
A Location Quotient of 2.27 means that Securities, Commodities, and Financial Services Sales Agents are more than twice as concentrated in this region compared to the national average, indicating high demand and specialization.
How does the Cost of Living in New York-Newark-Jersey City compare nationally?
The Cost of Living Index is 100, which is precisely the national average, meaning the higher salaries earned here have strong purchasing power without the added burden of elevated living expenses.
What are the typical career paths for these agents?
Career paths often involve moving from entry-level sales roles to senior account management, team leadership, or specialized financial advisory positions, with corresponding increases in responsibility and compensation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 65,000 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 6.943 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-Newark-Jersey City, NY-NJ