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Working as a Transactional Specialist

There is more than meets the eye when it comes to being a transactional specialist. For example, did you know that they make an average of $18.29 an hour? That's $38,033 a year!

Between 2018 and 2028, the career is expected to grow -2% and produce -51,600 job opportunities across the U.S.

What Does a Transactional Specialist Do

There are certain skills that many transactional specialists 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 math skills, writing skills and computer skills.

When it comes to the most important skills required to be a transactional specialist, we found that a lot of resumes listed 12.7% of transactional specialists included real estate, while 10.6% of resumes included customer service, and 8.0% of resumes included financial statements. 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 transactional specialist job title. But what industry to start with? Most transactional specialists actually find jobs in the finance and technology industries.

How To Become a Transactional Specialist

If you're interested in becoming a transactional specialist, one of the first things to consider is how much education you need. We've determined that 37.2% of transactional specialists have a bachelor's degree. In terms of higher education levels, we found that 11.1% of transactional specialists have master's degrees. Even though some transactional specialists 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 transactional specialist. When we researched the most common majors for a transactional specialist, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on transactional specialist resumes include high school diploma degrees or master's degree degrees.

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

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Average Salary$38,033
Job Growth Rate-2%

Transactional Specialist Jobs

Transactional Specialist Career Paths

Top Careers Before Transactional Specialist

Teller
9.3 %

Top Careers After Transactional Specialist

Teller
9.5 %

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

Average Salary for a Transactional Specialist

Transactional Specialists in America make an average salary of $38,033 per year or $18 per hour. The top 10 percent makes over $56,000 per year, while the bottom 10 percent under $25,000 per year.
Average Salary
$38,033

Best Paying Cities

City
Average Salary
New York, NY
Salary Range42k - 87k$61k$61,230
Los Angeles, CA
Salary Range37k - 66k$49k$49,435
Bellingham, WA
Salary Range36k - 58k$46k$46,235
Richmond, VA
Salary Range30k - 57k$42k$42,065
Lansing, MI
Salary Range29k - 56k$41k$40,575
Jupiter, FL
Salary Range29k - 51k$39k$39,068
$23k
$87k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Financial Specialist 13/Transaction Specialist
Financial Specialist 13/Transaction Specialist
State of Michigan
State of Michigan
11/24/2020
11/24/2020
$55,38911/24/2020
$55,389
Transactions Specialist I
Transactions Specialist I
Adecco Staffing
Adecco Staffing
11/23/2020
11/23/2020
$31,30511/23/2020
$31,305
Transaction Specialist
Transaction Specialist
Robert Half
Robert Half
11/20/2020
11/20/2020
$35,68811/20/2020
$35,688
Loan Transaction Specialist
Loan Transaction Specialist
Robert Half
Robert Half
10/27/2020
10/27/2020
$33,39210/27/2020
$33,392
Transaction Specialist
Transaction Specialist
Robert Half
Robert Half
09/26/2020
09/26/2020
$35,68809/26/2020
$35,688
See More Recent Salaries

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Transactional Specialist Demographics

Gender

female

65.1 %

male

30.5 %

unknown

4.4 %

Ethnicity

White

60.5 %

Hispanic or Latino

17.9 %

Black or African American

10.6 %

Foreign Languages Spoken

Spanish

64.5 %

Portuguese

6.5 %

French

6.5 %
See More Demographics

Transactional Specialist Education

Majors

Business
31.8 %
Finance
8.7 %

Degrees

Bachelors

37.2 %

Associate

20.5 %

High School Diploma

19.6 %

Entry Level Jobs For Becoming A Transactional Specialist

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Transactional Specialist

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, 12.7% of transactional specialists listed real estate on their resume, but soft skills such as math skills and writing skills are important as well.

Best States For a Transactional Specialist

Some places are better than others when it comes to starting a career as a transactional specialist. The best states for people in this position are Connecticut, New Jersey, Massachusetts, and New York. Transactional specialists make the most in Connecticut with an average salary of $69,647. Whereas in New Jersey and Massachusetts, they would average $67,721 and $66,841, respectively. While transactional specialists would only make an average of $60,605 in New York, 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 Jersey

Total Transactional Specialist Jobs:
864
Highest 10% Earn:
$129,000
Location Quotient:
1.18
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. Delaware

Total Transactional Specialist Jobs:
108
Highest 10% Earn:
$103,000
Location Quotient:
1.39
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. Massachusetts

Total Transactional Specialist Jobs:
874
Highest 10% Earn:
$124,000
Location Quotient:
1.1
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 Transactional Specialist 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 transactional specialists and discovered their number of transactional specialist opportunities and average salary. Through our research, we concluded that UMB Financial was the best, especially with an average salary of $53,490. Wells Fargo follows up with an average salary of $38,872, and then comes JPMorgan Chase with an average of $61,216. 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 transactional specialist. The employers include Fleetcor Technologies, Robert Half International, and Exp World Holdings Inc.

1. UMB Financial
4.7
Avg. Salary: 
$53,490
Transactional Specialists Hired: 
118+
2. Wells Fargo
4.7
Avg. Salary: 
$38,872
Transactional Specialists Hired: 
62+
3. JPMorgan Chase
4.9
Avg. Salary: 
$61,216
Transactional Specialists Hired: 
44+
4. Best Buy
4.8
Avg. Salary: 
$41,853
Transactional Specialists Hired: 
42+
5. Citizens & Northern
3.5
Avg. Salary: 
$43,787
Transactional Specialists Hired: 
19+
6. First Commonwealth Bank
3.9
Avg. Salary: 
$55,088
Transactional Specialists Hired: 
18+

Transactional Specialist Videos

Recently Added Transactional Specialist Jobs

Updated October 2, 2020