Average Securities, Commodities, and Financial Services Sales Agents Salary in Springfield, MA
In Springfield, MA, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $74,980. This figure is notably below the national average of $110,380, reflecting localized market dynamics and demand specific to the region. Factors such as the concentration of financial institutions and the overall economic landscape of Springfield contribute to this pay differential.
Executive Summary
- Average Salary: $74,980 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,520.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Springfield, MA, presents a moderate outlook. With a total local workforce of 380 individuals in this role, the demand appears stable but not exceptionally high. The Location Quotient of 0.62 suggests that this profession is less concentrated in Springfield compared to the national average, indicating a potentially less competitive but also less robust job market for these specialists.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Springfield, MA earns-32.1%below the national average.
$36.1
$1,442
$6,248
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Springfield is not provided, it is generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial services, and the evolving complexity of financial markets, leading to incremental salary increases for experienced professionals.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Springfield, MA
Career progression for Securities, Commodities, and Financial Services Sales Agents in Springfield, MA, significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify the career trajectory and the rewards associated with advancing expertise and client portfolios.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,170 | $23.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,235 | $27 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,630 | $28.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $93,725 | $45.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $113,520 | $54.6 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$74,980
Gross Pay
Real Wage (Purchasing Power)
$74,980
Adjusted for COL (100)
For individuals considering a move to Springfield, MA, the nominal average salary of $74,980 aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in Springfield is comparable to the national average, offering a stable financial environment without significant advantages or disadvantages related to living expenses.
Job Market Context
380
Total Jobs
1.895
Per 1K Jobs
0.62
Location Quotient
Springfield, MA has 0.62x 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.
The Location Quotient of 0.62 for Securities, Commodities, and Financial Services Sales Agents in Springfield, MA, indicates that this profession is less prevalent locally than the national average. This suggests that while there are opportunities, the market is not saturated, and professionals may find fewer direct competitors but potentially a more specialized or niche demand for their services.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Springfield, MA
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Springfield, MA?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Springfield, MA is $74,980. This typically ranges from $48,170 for entry-level positions to $113,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 32.1% lower than the national median of $110,380.
Is Springfield, MA a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not as lucrative as the national average.The average salary of $74,980 in Springfield is significantly lower than the national average of $110,380. However, the cost of living is on par with the national average, meaning the lower nominal salary does not translate to a proportionally lower standard of living.
Is Springfield, MA a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($69,680) and Hartford-West Hartford-East Hartford, CT.
What is the average salary for this role in Springfield, MA?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Springfield, MA, is $74,980.
How does Springfield's cost of living compare to the national average?
Springfield, MA, has a Cost of Living Index of 100, which is exactly the national average.
Is the job market for this role concentrated in Springfield?
No, the Location Quotient of 0.62 indicates that this profession is less concentrated in Springfield compared to the national average.
How many of these professionals work in Springfield?
There are approximately 380 Securities, Commodities, and Financial Services Sales Agents working in Springfield, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Springfield, MA area with a job density of 1.895 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 Springfield, MA