In Providence-Warwick, RI-MA, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $98,060. This figure is notably below the national average of $110,380, suggesting that while the profession is present, local market dynamics and potentially different industry concentrations contribute to this compensation level. Understanding these regional nuances is key for financial professionals operating in this area.
Executive Summary
- Average Salary: $98,060 per year.
- Growth Trend: Salaries have shifted 6.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,470.
- Outlook: The Providence-Warwick area supports a local workforce of 2,400 Securities, Commodities, and Financial Services Sales Agents. With a Location Quotient of 1.11, the concentration of these roles in Providence is slightly higher than the national average, indicating a moderately robust demand and a stable job market for these professionals. The presence of nearly 3.4 jobs per 1,000 workers further underscores the consistent need for skilled individuals in this sector within the region.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick, RI-MA earns-11.2%below the national average.
$47.2
$1,886
$8,172
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick, RI-MA have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving market demands, and inflation typically drive upward adjustments in compensation for skilled financial professionals, ensuring that earnings keep pace with the cost of living and industry advancements.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Providence-Warwick, RI-MA
Career progression for Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick, RI-MA is typically marked by significant salary increases. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles reflects the accumulation of expertise, client portfolios, and specialized knowledge that employers value and reward.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $49,810 | $23.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $73,545 | $35.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $76,450 | $36.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $122,575 | $58.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $166,470 | $80 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$98,060
Gross Pay
Real Wage (Purchasing Power)
$98,060
Adjusted for COL (100)
The average annual salary of $98,060 in Providence-Warwick, RI-MA 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 standard, offering a balanced financial landscape for professionals. While the nominal salary is below the national average, the cost of living parity suggests that the take-home pay effectively covers expenses at a comparable rate to the rest of the country.
Job Market Context
2,400
Total Jobs
3.398
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
With a Location Quotient of 1.11, the Providence-Warwick, RI-MA metropolitan area exhibits a slightly higher concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This suggests a market that is not oversaturated but rather has a healthy presence of these roles, indicating a competitive yet accessible environment for both job seekers and employers. The slightly above-average concentration points to a localized demand that is robust enough to support a slightly larger professional pool.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Providence-Warwick, RI-MA?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick, RI-MA is $98,060. This typically ranges from $49,810 for entry-level positions to $166,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 11.2% lower than the national median of $110,380.
Is Providence-Warwick, RI-MA a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not exceptionally lucrative compared to the national average.While the average salary of $98,060 is substantial, it falls below the national average of $110,380. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Providence-Warwick, RI-MA a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($76,710) and Worcester, MA.
How does the Providence salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick, RI-MA is $98,060, which is lower than the national average of $110,380.
What is the concentration of these jobs in Providence?
The Location Quotient of 1.11 indicates that the concentration of Securities, Commodities, and Financial Services Sales Agents in Providence-Warwick is slightly higher than the national average.
Does the cost of living affect the salary's value in Providence?
No, the cost of living in Providence is exactly at the national average (100), meaning the $98,060 salary has the same purchasing power as the national average salary.
How many of these jobs are there in Providence?
There are approximately 2,400 Securities, Commodities, and Financial Services Sales Agents in the Providence-Warwick, RI-MA workforce, representing about 3.398 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,400 employees in the Providence-Warwick, RI-MA area with a job density of 3.398 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 Providence-Warwick, RI-MA