Explore Jobs
Find Specific Jobs
Explore Careers
Explore Professions
Best Companies
Explore Companies
Finance representative hiring summary. Here are some key points about hiring finance representatives in the United States:
Here's a step-by-step finance representative hiring guide:
A finance representative, also known as a financial advisor, provides sound financial proposals to clients. Primarily, financial advisors guide and plan the financial decisions of clients based on their needs, goals, and requirements. They recommend financial products and services to manage clients' portfolios. Their other duties include analyzing current accounts, interpreting data, and developing strategies to improve and manage their assets and portfolios. Also, they monitor market trends to identify potential leads. Finance representatives should have an analytical mind to analyze, assess, and make decisions based on the data they are given.
Before you post your finance representative job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance representative for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a finance representative to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a finance representative that fits the bill.
This list presents finance representative salaries for various positions.
Type Of Finance Representative | Description | Hourly Rate |
---|---|---|
Finance Representative | Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades. | $10-37 |
Trader | A trader is responsible for buying and selling financial instruments for a firm or an individual, monitoring stock movements, and analyzing price fluctuations. Traders focus on short-term and long-term trades, depending on their customers' demands and best interests... Show More | $26-69 |
Personal Banker | A personal banker is responsible for managing the customers' financial records and assisting them in various banking transactions. Personal bankers' duties also include handling customers' inquiries for financial plans, understanding the banking and financial industry principles, processing applications, verifying account details, and offering bank products based on the customers' needs... Show More | $13-23 |
Including a salary range in your finance representative job description helps attract top candidates to the position. A finance representative salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a finance representative in Oregon may be lower than in New York, and an entry-level finance representative usually earns less than a senior-level finance representative. Additionally, a finance representative with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | New York | $82,124 | $39 |
2 | North Carolina | $53,518 | $26 |
3 | Indiana | $49,785 | $24 |
4 | Virginia | $48,947 | $24 |
5 | Rhode Island | $48,919 | $24 |
6 | Pennsylvania | $48,217 | $23 |
7 | Illinois | $46,489 | $22 |
8 | Minnesota | $46,363 | $22 |
9 | Ohio | $43,476 | $21 |
10 | Massachusetts | $43,226 | $21 |
11 | Texas | $42,731 | $21 |
12 | Kansas | $42,156 | $20 |
13 | New Jersey | $41,585 | $20 |
14 | Georgia | $40,555 | $20 |
15 | Missouri | $39,375 | $19 |
16 | Florida | $39,285 | $19 |
17 | Louisiana | $37,311 | $18 |
18 | California | $36,090 | $17 |
19 | Arkansas | $35,895 | $17 |
20 | Colorado | $32,798 | $16 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Keysight Technologies | $97,407 | $46.83 | 3 |
2 | Mayo Clinic | $77,794 | $37.40 | 7 |
3 | Mount Sinai Health System | $69,978 | $33.64 | 1 |
4 | Baystate Health | $69,080 | $33.21 | 1 |
5 | Fifth Third Bank | $67,829 | $32.61 | 338 |
6 | St. Joseph Healthcare | $66,195 | $31.82 | 7 |
7 | Cincinnati Children's Hospital Medical Center | $65,099 | $31.30 | 1 |
8 | Montefiore Mount Vernon Hospital | $63,730 | $30.64 | 7 |
9 | National Grid plc | $63,348 | $30.46 | 5 |
10 | Namsa | $61,391 | $29.51 | |
11 | Cornell University | $60,279 | $28.98 | 12 |
12 | M&T Bank | $60,043 | $28.87 | 147 |
13 | Hamilton Health Care System | $57,808 | $27.79 | 5 |
14 | TriHealth | $56,810 | $27.31 | 4 |
15 | Palomar Health | $55,321 | $26.60 | |
16 | Baptist Health Home Care | $55,021 | $26.45 | 18 |
17 | Mutual of Omaha | $54,800 | $26.35 | 128 |
18 | St. Joseph's Health | $54,628 | $26.26 | 4 |
19 | Philips | $54,370 | $26.14 | |
20 | Tenet Healthcare | $53,935 | $25.93 | 14 |
A job description for a finance representative role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance representative job description:
To find finance representatives for your business, try out a few different recruiting strategies:
During your first interview to recruit finance representatives, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the finance representative candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting finance representatives involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $41,765 per year for a finance representative, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for finance representatives in the US typically range between $10 and $37 an hour.