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Finance Service Representative Careers

A finance service representative works for a bank or other financial establishment to aid customers with various investments. They may also work as the point person for managing regular loan applications for home mortgages, including providing information to customers on the application process. The representative also looks at the client's current investments and debts, and they may also be expected to make recommendations related to reducing payments or interest. Many banks also sell investment insurance and life-event insurance. The financial services representative presents these products to clients and customers as well.

Finance service representatives must be familiar with and able to speak to customers about various investment tactics to suit the varying needs of the bank's customers. They should also gather information from clients such as age, time until retirement, family size, and income to help the client determine appropriate investment options.

The educational requirements for this position vary by institution. Some establishments allow practical banking and demonstrated financial product knowledge to supersede formal education, but many banks prefer individuals with at least a bachelor's degree in business, finance, or a related discipline. Finance service representatives will typically work in an office environment during regular business hours while earning around $16 per hour.

There is more than meets the eye when it comes to being a finance service representative. For example, did you know that they make an average of $16.75 an hour? That's $34,844 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Finance Service Representative Do

There are certain skills that many finance service representatives have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, initiative and detail oriented.

When it comes to the most important skills required to be a finance service representative, we found that a lot of resumes listed 14.3% of finance service representatives included financial services, while 8.3% of resumes included communication, and 4.8% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance service representative job title. But what industry to start with? Most finance service representatives actually find jobs in the finance and health care industries.

How To Become a Finance Service Representative

If you're interested in becoming a finance service representative, one of the first things to consider is how much education you need. We've determined that 47.8% of finance service representatives have a bachelor's degree. In terms of higher education levels, we found that 10.4% of finance service representatives have master's degrees. Even though most finance service representatives have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a finance service representative. When we researched the most common majors for a finance service representative, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on finance service representative resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a finance service representative. In fact, many finance service representative jobs require experience in a role such as customer service representative. Meanwhile, many finance service representatives also have previous career experience in roles such as teller or sales associate.

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Average Salary
$34,844
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
120,741
Job Openings

Finance Service Representative Career Paths

Top Careers Before Finance Service Representative

Teller
12.0 %

Top Careers After Finance Service Representative

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Finance Service Representative

Finance Service Representatives in America make an average salary of $34,844 per year or $17 per hour. The top 10 percent makes over $68,000 per year, while the bottom 10 percent under $17,000 per year.
Average Salary
$34,844

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range45k - 84k$62k$61,832
Chicago, IL
Salary Range32k - 54k$42k$41,743
Shelton, CT
Salary Range30k - 56k$41k$41,049
Minneapolis, MN
Salary Range28k - 45k$36k$35,729
San Francisco, CA
Salary Range27k - 45k$35k$35,261
Quincy, MA
Salary Range25k - 47k$35k$34,908
$17k
$84k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Patient Financial Services Representative Central Billing Office
Patient Financial Services Representative Central Billing Office
Banner Health
Banner Health
01/29/2021
01/29/2021
$34,43601/29/2021
$34,436
Customer Financial Services Representative (Credit & Collections)
Customer Financial Services Representative (Credit & Collections)
Hachette Book Group USA
Hachette Book Group USA
01/27/2021
01/27/2021
$45,00001/27/2021
$45,000
Patient Financial Services Representative
Patient Financial Services Representative
Robert Half
Robert Half
01/23/2021
01/23/2021
$39,65301/23/2021
$39,653
Financial Services Rep--Retirement Plans
Financial Services Rep--Retirement Plans
Randstad
Randstad
01/21/2021
01/21/2021
$33,39201/21/2021
$33,392
Patient Financial Services REP Obgyn
Patient Financial Services REP Obgyn
Drug Information Association Inc.
Drug Information Association Inc.
01/19/2021
01/19/2021
$29,94801/19/2021
$29,948
See More Recent Salaries

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Finance Service Representative Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Finance Service Representative. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Finance Service Representative Resume

At Zippia, we went through countless Finance Service Representative resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Finance Service Representative Demographics

Gender

female

57.3 %

male

38.8 %

unknown

4.0 %

Ethnicity

White

71.3 %

Hispanic or Latino

12.1 %

Asian

8.7 %

Foreign Languages Spoken

Spanish

63.4 %

French

7.2 %

Chinese

3.2 %
See More Demographics

Finance Service Representative Education

Majors

Business
35.0 %
Finance
11.3 %

Degrees

Bachelors

47.8 %

Associate

16.5 %

High School Diploma

16.1 %

Top Colleges for Finance Service Representatives

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Finance Service Representative

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.3% of finance service representatives listed financial services on their resume, but soft skills such as analytical skills and initiative are important as well.

Best States For a Finance Service Representative

Some places are better than others when it comes to starting a career as a finance service representative. The best states for people in this position are New York, Maryland, Illinois, and Connecticut. Finance service representatives make the most in New York with an average salary of $61,507. Whereas in Maryland and Illinois, they would average $42,439 and $41,455, respectively. While finance service representatives would only make an average of $40,976 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Finance Service Representative Jobs:
5,524
Highest 10% Earn:
$108,000
Location Quotient:
1.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Illinois

Total Finance Service Representative Jobs:
5,056
Highest 10% Earn:
$66,000
Location Quotient:
1.07
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Finance Service Representative Jobs:
1,369
Highest 10% Earn:
$72,000
Location Quotient:
1.04
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Finance Service Representative Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ finance service representatives and discovered their number of finance service representative opportunities and average salary. Through our research, we concluded that SunTrust Banks was the best, especially with an average salary of $31,764. MetLife follows up with an average salary of $35,186, and then comes Verizon Communications with an average of $34,272. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a finance service representative. The employers include National Bank Holdings, Banner Health, and BCA Financial Services, Inc.

1. SunTrust Banks
4.8
Avg. Salary: 
$31,764
Finance Service Representatives Hired: 
1,587+
2. MetLife
4.8
Avg. Salary: 
$35,186
Finance Service Representatives Hired: 
1,137+
3. Verizon Communications
4.7
Avg. Salary: 
$34,272
Finance Service Representatives Hired: 
843+
4. GC Services Limited Partnership
3.8
Avg. Salary: 
$29,179
Finance Service Representatives Hired: 
395+
5. New York Life Insurance Company
4.8
Avg. Salary: 
$35,616
Finance Service Representatives Hired: 
379+
6. State Employees Credit Union
3.9
Avg. Salary: 
$30,638
Finance Service Representatives Hired: 
349+

Finance Service Representative Videos

Updated October 2, 2020