Average Securities, Commodities, and Financial Services Sales Agents Salary in Springfield, MO
Securities, Commodities, and Financial Services Sales Agents in Springfield, MO, earn an average annual salary of $102,200. This figure is slightly below the national average of $110,380, suggesting that while the demand exists, local market dynamics and potentially a different cost structure influence compensation in this Midwestern hub. The specific economic landscape and industry concentration within Springfield play a key role in shaping these salary outcomes.
Executive Summary
- Average Salary: $102,200 per year.
- Growth Trend: Salaries have shifted 58.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $183,000.
- Outlook: With a total local workforce of 320 individuals in this specialized field, Springfield, MO, presents a niche but stable employment environment for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 0.46 indicates a lower concentration compared to the national average, suggesting that while the profession is present, it is not a dominant industry. However, the presence of 1.423 jobs per 1,000 workers signifies a consistent, albeit moderate, demand for these professionals.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Springfield, MO earns-7.4%below the national average.
$49.1
$1,965
$8,517
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Springfield is not provided, it is reasonable to assume a general upward trend in salaries for Securities, Commodities, and Financial Services Sales Agents over the past four years, mirroring national patterns. Economic growth, evolving market demands, and inflation typically drive salary increases in the financial sector, suggesting that professionals in Springfield have likely seen their earning potential grow alongside broader industry advancements.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Springfield, MO
Salary progression for Securities, Commodities, and Financial Services Sales Agents in Springfield, MO, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and extensive client portfolios can expect to earn considerably more. The gap between the lower and upper salary percentiles highlights the substantial career growth and earning potential available to those who develop expertise and build a strong reputation within the local financial community.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $44,340 | $21.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $76,650 | $36.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $81,330 | $39.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $127,750 | $61.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $183,000 | $88 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$102,200
Gross Pay
Real Wage (Purchasing Power)
$102,200
Adjusted for COL (100)
The nominal average salary of $102,200 in Springfield, MO, holds steady against the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an agent's salary in Springfield is equivalent to the national average. While the salary is slightly below the national average for the role, the cost of living parity suggests that the take-home pay offers comparable financial stability to that experienced in other parts of the country.
Job Market Context
320
Total Jobs
1.423
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Springfield, MO has a notably lower concentration of Securities, Commodities, and Financial Services Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.46 for Securities, Commodities, and Financial Services Sales Agents in Springfield, MO, indicates that this profession is less concentrated locally than the national average. This suggests that the job market may be less saturated, potentially offering opportunities for skilled professionals to establish themselves. However, it also implies that the overall demand might be more specialized, requiring agents to focus on specific financial products or client segments relevant to the local economy.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Securities, Commodities, and Financial Services Sales Agents Salary | $85,190↓ 17% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Securities, Commodities, and Financial Services Sales Agents Salary | $67,620↓ 34% | 91 mi |
Comparing salaries near Springfield, MO
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, MO?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Springfield, MO is $102,200. This typically ranges from $44,340 for entry-level positions to $183,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 7.4% lower than the national median of $110,380.
Is Springfield, MO a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not exceptionally lucrative compared to the national average.The average salary of $102,200 is below the national average of $110,380, though the cost of living is on par with the national average. This indicates that while the cost of living is manageable, the earning potential for this role is somewhat diminished in Springfield.
Is Springfield, MO a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($85,190) and Fayetteville-Springdale-Rogers, AR.
How does the total workforce size affect job prospects?
A total local workforce of 320 suggests a focused market. While not a massive pool, it indicates a dedicated presence of the profession, offering specialized opportunities for those within the field.
What does a Location Quotient of 0.46 signify?
A Location Quotient of 0.46 means the concentration of Securities, Commodities, and Financial Services Sales Agents in Springfield is less than half of the national average. This implies a less competitive market but potentially fewer job openings compared to more concentrated areas.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $102,200 salary in Springfield has the same purchasing power as the national average. This offsets the slightly lower nominal salary when considering overall financial well-being.
Are there many job openings for this role in Springfield?
The figure of 1.423 jobs per 1,000 workers suggests a moderate level of job availability. It's not a high-volume market, but consistent opportunities exist for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Springfield, MO area with a job density of 1.423 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, MO