Average Securities, Commodities, and Financial Services Sales Agents Salary in Springfield, IL
In Springfield, IL, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $94,840. This figure is notably below the national average of $110,380, suggesting that local market dynamics and demand play a significant role in compensation for these specialized financial roles within the state capital.
Executive Summary
- Average Salary: $94,840 per year.
- Growth Trend: Salaries have shifted 9.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,630.
- Outlook: With a total local workforce of 220 professionals in this sector, Springfield, IL presents a modest employment landscape for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 0.7 indicates a slightly lower concentration of these roles compared to the national average, implying a stable but not rapidly expanding demand for experienced agents in the region.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Springfield, IL earns-14.1%below the national average.
$45.6
$1,824
$7,903
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 steady growth over the past four years. This trend is often driven by evolving market conditions, increased investment activity, and the continuous need for expert financial guidance, which typically translates to incremental salary increases for professionals in this field.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Springfield, IL
Salary progression for Securities, Commodities, and Financial Services Sales Agents in Springfield, IL, is closely tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with a proven track record and specialized expertise can expect significantly higher earnings. The percentile gaps in salary distribution clearly signify opportunities for career advancement and increased earning potential as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $44,760 | $21.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $71,130 | $34.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $73,400 | $35.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $118,550 | $57 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $198,630 | $95.5 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$94,840
Gross Pay
Real Wage (Purchasing Power)
$94,840
Adjusted for COL (100)
The average annual salary of $94,840 in Springfield, IL, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an agent's salary in Springfield is equivalent to that of an agent earning the national average in a location with average living expenses. Therefore, the nominal salary offers a comparable standard of living to the national benchmark.
Job Market Context
220
Total Jobs
2.159
Per 1K Jobs
0.7
Location Quotient
Springfield, IL has 0.70x 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 0.7 for Securities, Commodities, and Financial Services Sales Agents in Springfield, IL, indicates that this profession is slightly less concentrated than the national average. This suggests that while the market is not saturated, the demand may be more specialized or limited compared to larger metropolitan areas, offering a moderately competitive environment for job seekers.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Springfield, IL
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Springfield, IL?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Springfield, IL is $94,840. This typically ranges from $44,760 for entry-level positions to $198,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 14.1% lower than the national median of $110,380.
Is Springfield, IL 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 $94,840 is below the national average of $110,380, although the cost of living is on par with the national average.
Is Springfield, IL a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($101,950) and West Central Illinois nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 220 professionals suggests a stable but potentially niche market, indicating that opportunities may be consistent but perhaps less abundant than in larger economic hubs.
What does a Location Quotient of 0.7 signify?
A Location Quotient of 0.7 means that Springfield, IL has about 70% of the national average concentration of Securities, Commodities, and Financial Services Sales Agents, suggesting a slightly lower demand relative to other professions.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $94,840 salary in Springfield has the same purchasing power as the national average salary in a location with average living costs.
Are there many job openings for this role in Springfield, IL?
The data suggests a moderate number of openings, reflected by 2.159 jobs per 1,000 workers, indicating a steady presence of these roles within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Springfield, IL area with a job density of 2.159 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Securities, Commodities, and Financial Services Sales Agents Salaries by State
Top Jobs in Springfield, IL
- All Occupations Salary in Springfield, IL
- Office and Administrative Support Occupations Salary in Springfield, IL
- Healthcare Practitioners and Technical Occupations Salary in Springfield, IL
- Food Preparation and Serving Related Occupations Salary in Springfield, IL
- Business and Financial Operations Occupations Salary in Springfield, IL
- Sales and Related Occupations Salary in Springfield, IL
- Management Occupations Salary in Springfield, IL
- Transportation and Material Moving Occupations Salary in Springfield, IL
- Educational Instruction and Library Occupations Salary in Springfield, IL
- Healthcare Support Occupations Salary in Springfield, IL
- Browse All Jobs in Springfield, IL →
Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Springfield, IL