Securities, Commodities, and Financial Services Sales Agents in the South Bend-Mishawaka, IN-MI area earn an average annual salary of $95,970. This figure is notably below the national average of $110,380, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. Factors such as the regional economic landscape and the concentration of financial services firms play a significant role in shaping these localized pay rates.
Executive Summary
- Average Salary: $95,970 per year.
- Growth Trend: Salaries have shifted 1.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,630.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in South Bend-Mishawaka appears to be moderately concentrated, with a Location Quotient of 0.65 indicating a presence that is below the national average. The total local workforce of 260 professionals, coupled with 1.989 jobs per 1,000 workers, suggests a stable but not exceptionally robust demand for these specialized roles within the region.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in South Bend-Mishawaka, IN-MI earns-13.1%below the national average.
$46.1
$1,846
$7,998
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the financial services sector, including roles like Securities, Commodities, and Financial Services Sales Agents, has experienced consistent salary growth over the past four years. This trend is often driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets, leading to upward pressure on compensation across most regions.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in South Bend-Mishawaka, IN-MI
Salary progression for Securities, Commodities, and Financial Services Sales Agents typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can command substantially higher salaries. The percentile gaps in earnings clearly signify career progression, with senior agents consistently out-earning their junior counterparts due to accumulated expertise and client portfolios.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,660 | $22 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $71,978 | $34.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,510 | $30.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $119,963 | $57.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $166,630 | $80.1 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$95,970
Gross Pay
Real Wage (Purchasing Power)
$95,970
Adjusted for COL (100)
The nominal average annual salary of $95,970 in South Bend-Mishawaka aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a salary in this region is equivalent to the national average. Therefore, the $95,970 salary offers a standard of living comparable to the national median, without the premium often associated with higher cost-of-living areas.
Job Market Context
260
Total Jobs
1.989
Per 1K Jobs
0.65
Location Quotient
South Bend-Mishawaka, IN-MI has 0.65x 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.
With a Location Quotient of 0.65, the South Bend-Mishawaka market for Securities, Commodities, and Financial Services Sales Agents is less concentrated than the national average. This suggests that while there is a presence of these professionals, the job market may be less competitive in terms of sheer numbers of agents compared to national hubs. This could present opportunities for skilled individuals, but also indicates a potentially smaller pool of specialized roles available.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near South Bend-Mishawaka, IN-MI
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in South Bend-Mishawaka, IN-MI?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in South Bend-Mishawaka, IN-MI is $95,970. This typically ranges from $45,660 for entry-level positions to $166,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Bend-Mishawaka, IN-MI is 13.1% lower than the national median of $110,380.
Is South Bend-Mishawaka, IN-MI a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $95,970 is below the national average of $110,380, indicating lower earning potential in this specific region. However, the cost of living is also at the national average, meaning the purchasing power of the salary is comparable.
Is South Bend-Mishawaka, IN-MI a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in South Bend-Mishawaka, IN-MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Bend-Mishawaka, IN-MI?
Some top paying nearby cities include Niles, MI ($86,180) and Elkhart-Goshen, IN.
How does the South Bend-Mishawaka salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in South Bend-Mishawaka is $95,970, which is $14,410 less than the national average of $110,380.
What is the concentration of this job role in South Bend-Mishawaka?
The Location Quotient of 0.65 indicates that this job role is less concentrated in South Bend-Mishawaka compared to the national average, suggesting a smaller, but present, market for these professionals.
How does the cost of living affect the salary in South Bend-Mishawaka?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average. This means the $95,970 salary offers a purchasing power equivalent to the national average salary.
What is the total workforce size for this role in South Bend-Mishawaka?
There are approximately 260 Securities, Commodities, and Financial Services Sales Agents employed in the South Bend-Mishawaka area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the South Bend-Mishawaka, IN-MI area with a job density of 1.989 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 South Bend-Mishawaka, IN-MI