Average Securities, Commodities, and Financial Services Sales Agents Salary in Reading, PA
In Reading, PA, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $83,330. This figure is notably below the national average of $110,380, suggesting that local market dynamics and demand play a significant role in compensation within this sector in the Reading area.
Executive Summary
- Average Salary: $83,330 per year.
- Growth Trend: Salaries have shifted 26.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,740.
- Outlook: The local workforce for Securities, Commodities, and Financial Services Sales Agents in Reading, PA, comprises 370 professionals. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand for these specialized positions within the region.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Reading, PA earns-24.5%below the national average.
$40.1
$1,603
$6,944
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Reading, PA, is not provided, it is generally assumed that the financial services sector, including roles like Securities, Commodities, and Financial Services Sales Agents, has experienced steady growth over the past four years, mirroring national trends of increasing demand for financial expertise and advisory services.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Reading, PA
Salary progression for Securities, Commodities, and Financial Services Sales Agents in Reading, PA, typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and specialized knowledge can command salaries in the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $47,420 | $22.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $62,498 | $30 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,160 | $28.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $104,163 | $50.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $135,740 | $65.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$83,330
Gross Pay
Real Wage (Purchasing Power)
$83,330
Adjusted for COL (100)
The nominal average salary of $83,330 in Reading, PA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an agent's salary in Reading is comparable to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
370
Total Jobs
2.171
Per 1K Jobs
0.71
Location Quotient
Reading, PA has 0.71x 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.
A Location Quotient of 0.71 for Securities, Commodities, and Financial Services Sales Agents in Reading, PA, suggests that the market is less concentrated than the national average. This could imply fewer job opportunities compared to other regions, but also potentially less competition for those seeking to enter or advance in this field locally.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Reading, PA
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Reading, PA?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Reading, PA is $83,330. This typically ranges from $47,420 for entry-level positions to $135,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reading, PA is 24.5% lower than the national median of $110,380.
Is Reading, PA 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 $83,330 is respectable, it falls significantly short of the national average of $110,380. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Reading, PA a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reading, PA?
Some top paying nearby cities include Lebanon, PA ($89,990) and Lancaster, PA.
What is the average salary for a Securities, Commodities, and Financial Services Sales Agent in Reading, PA?
The average annual salary for a Securities, Commodities, and Financial Services Sales Agent in Reading, PA, is $83,330.
How does the Reading, PA salary compare to the national average?
The average salary in Reading, PA ($83,330) is lower than the national average salary of $110,380 for this profession.
What is the Cost of Living Index in Reading, PA?
The Cost of Living Index in Reading, PA, is 100, which is the same as the national average.
How concentrated is the job market for these agents in Reading, PA?
The job market for these agents in Reading, PA, is slightly less concentrated than the national average, with a Location Quotient of 0.71.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Reading, PA area with a job density of 2.171 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 Reading, PA