Securities, Commodities, and Financial Services Sales Agents in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area earn an average annual salary of $99,750. This figure is slightly below the national average of $110,380, suggesting localized market dynamics and potentially a different competitive landscape influence compensation in this region. The specific economic drivers and industry concentration within the Philadelphia metroplex play a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $99,750 per year.
- Growth Trend: Salaries have shifted 3.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,500.
- Outlook: The Philadelphia-Camden-Wilmington region supports a substantial workforce of 9,890 professionals in Securities, Commodities, and Financial Services Sales. With a Location Quotient of 1.13, this area demonstrates a concentration of these roles that is 13% higher than the national average, indicating a robust and potentially growing demand for these specialized sales agents within the local economy.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-9.6%below the national average.
$48
$1,918
$8,313
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in the Philadelphia-Camden-Wilmington area have experienced growth over the past four years, mirroring national trends. Factors such as evolving market conditions, increased demand for financial products, and inflation likely contributed to upward adjustments in compensation, reflecting a dynamic and adaptive job market.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client portfolios can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on expertise, client management skills, and sales performance in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,690 | $23.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $74,813 | $36 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $78,010 | $37.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $124,688 | $59.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $169,500 | $81.5 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$99,750
Gross Pay
Real Wage (Purchasing Power)
$99,750
Adjusted for COL (100)
The average annual salary of $99,750 in Philadelphia-Camden-Wilmington aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in this region is comparable to the national average, offering stability for those relocating or residing here. While the nominal salary is slightly lower than the national average, the equivalent cost of living suggests that the take-home pay maintains its value relative to expenses.
Job Market Context
9,890
Total Jobs
3.448
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
A Location Quotient of 1.13 signifies that the Philadelphia-Camden-Wilmington metropolitan area has a higher concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This suggests a competitive yet potentially opportunity-rich market, where the demand for these professionals is slightly elevated, offering more specialized roles and a denser network of industry peers and potential employers.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $99,750. This typically ranges from $48,690 for entry-level positions to $169,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 9.6% lower than the national median of $110,380.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Securities, Commodities, and Financial Services Sales Agents?
Yes, with a caveat.The area offers a competitive salary of $99,750, which is on par with the national average cost of living. While slightly below the national salary average, the strong concentration of roles (LQ 1.13) indicates a healthy job market.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($105,410) and Vineland, NJ.
How does the Philadelphia salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in Philadelphia-Camden-Wilmington is $99,750, which is approximately 9.5% lower than the national average of $110,380.
What is the job concentration like in Philadelphia for this role?
The job concentration, measured by the Location Quotient, is 1.13, indicating that this profession is 13% more concentrated in the Philadelphia-Camden-Wilmington area than the national average.
Does the cost of living affect the salary's value?
No, the cost of living in Philadelphia-Camden-Wilmington is exactly at the national average (100), meaning the $99,750 salary has the same purchasing power as the national average salary.
How many of these professionals work in the Philadelphia area?
There are approximately 9,890 Securities, Commodities, and Financial Services Sales Agents employed within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,890 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 3.448 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD