Average Securities, Commodities, and Financial Services Sales Agents Salary in Worcester, MA
In Worcester, MA, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $75,630. This figure is notably below the national average of $110,380, reflecting localized market dynamics and demand specific to the Worcester area. Factors such as the regional economic landscape and the concentration of financial services firms directly influence this compensation.
Executive Summary
- Average Salary: $75,630 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,310.
- Outlook: Worcester's market for Securities, Commodities, and Financial Services Sales Agents is moderately sized, with a total local workforce of 650 individuals in this role. The Location Quotient of 0.61 suggests a slightly lower concentration of these professionals compared to the national average, indicating a potentially less saturated, though not exceptionally robust, job market.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Worcester, MA earns-31.5%below the national average.
$36.4
$1,454
$6,303
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Worcester 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, increasing demand for financial services, and the evolving complexity of financial markets.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Worcester, MA
Career progression for Securities, Commodities, and Financial Services Sales Agents in Worcester, 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, often reaching into the upper percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,960 | $23.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,723 | $27.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,010 | $28.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $94,538 | $45.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $104,310 | $50.1 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$75,630
Gross Pay
Real Wage (Purchasing Power)
$75,630
Adjusted for COL (100)
The average annual salary of $75,630 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of this salary in Worcester is comparable to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
650
Total Jobs
1.858
Per 1K Jobs
0.61
Location Quotient
Worcester, MA has 0.61x 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 0.61, Worcester, MA, has a lower concentration of Securities, Commodities, and Financial Services Sales Agents than the national average. This suggests that while the demand exists, the market may not be as intensely competitive as in major financial hubs, potentially offering unique opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Worcester, MA
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Worcester, MA?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Worcester, MA is $75,630. This typically ranges from $48,960 for entry-level positions to $104,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 31.5% lower than the national median of $110,380.
Is Worcester, MA a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.While the average salary of $75,630 is stable with the local cost of living, it falls significantly short of the national average salary of $110,380 for this profession.
Is Worcester, MA a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($76,710) and Providence-Warwick, RI-MA.
How does Worcester's salary compare to the national average?
The average salary in Worcester, MA, is $75,630, which is considerably lower than the national average of $110,380 for Securities, Commodities, and Financial Services Sales Agents.
What is the cost of living in Worcester, MA?
Worcester, MA, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How many Securities, Commodities, and Financial Services Sales Agents work in Worcester, MA?
There are approximately 650 individuals employed as Securities, Commodities, and Financial Services Sales Agents in Worcester, MA.
Is the job market for this role concentrated in Worcester?
No, the Location Quotient of 0.61 indicates that the concentration of these professionals in Worcester is below the national average, suggesting a less dense market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Worcester, MA area with a job density of 1.858 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 Worcester, MA