Occupational Employment and Wages, May 2010

41-3031 Securities, Commodities, and Financial Services Sales Agents

Buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. May advise customers about stocks, bonds, mutual funds, commodities, and market conditions.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
276,290 1.3 % $45.73 $95,130 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.06 $19.64 $33.75 $59.83 (5)
Annual Wage (2) $31,330 $40,860 $70,190 $124,450 (5)


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Contracts Intermediation and Brokerage 125,300 27.38 $53.44 $111,160
Depository Credit Intermediation 69,780 4.06 $30.36 $63,150
Other Financial Investment Activities 32,130 9.64 $55.67 $115,790
Nondepository Credit Intermediation 17,030 3.02 $36.67 $76,280
Management of Companies and Enterprises 7,990 0.42 $49.03 $101,980

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Contracts Intermediation and Brokerage 125,300 27.38 $53.44 $111,160
Securities and Commodity Exchanges 850 11.54 $48.43 $100,740
Other Financial Investment Activities 32,130 9.64 $55.67 $115,790
Other Investment Pools and Funds 2,810 7.35 $45.33 $94,290
Depository Credit Intermediation 69,780 4.06 $30.36 $63,150

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Management, Scientific, and Technical Consulting Services 1,000 0.10 $71.65 $149,040
Electric Power Generation, Transmission and Distribution 270 0.07 $55.98 $116,440
Other Financial Investment Activities 32,130 9.64 $55.67 $115,790
Securities and Commodity Contracts Intermediation and Brokerage 125,300 27.38 $53.44 $111,160
Wholesale Electronic Markets and Agents and Brokers 420 0.05 $53.28 $110,830


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 39,930 4.79 2.20 $62.32 $129,620
California 27,180 1.94 0.89 $49.73 $103,430
Texas 25,600 2.54 1.17 $39.59 $82,360
Illinois 19,530 3.53 1.63 $45.84 $95,340
Florida 15,760 2.22 1.02 $42.21 $87,790




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 39,930 4.79 2.20 $62.32 $129,620
Connecticut 6,890 4.31 1.98 $75.79 $157,640
New Jersey 15,160 4.02 1.85 $45.02 $93,640
Illinois 19,530 3.53 1.63 $45.84 $95,340
Delaware 1,320 3.32 1.53 (8) (8)




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 6,890 4.31 1.98 $75.79 $157,640
New York 39,930 4.79 2.20 $62.32 $129,620
District of Columbia 790 1.24 0.57 $53.71 $111,730
Maine 720 1.25 0.58 $52.83 $109,890
Arkansas 850 0.75 0.35 $51.55 $107,220

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 40,790 8.19 3.77 $61.70 $128,330
Chicago-Naperville-Joliet, IL Metropolitan Division 16,830 4.75 2.19 $47.21 $98,190
Houston-Sugar Land-Baytown, TX 7,970 3.19 1.47 $48.82 $101,540
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 7,920 2.07 0.95 $54.06 $112,440
Dallas-Plano-Irving, TX Metropolitan Division 7,430 3.71 1.71 $40.50 $84,240
Boston-Cambridge-Quincy, MA NECTA Division 7,380 4.45 2.05 $48.87 $101,650
Minneapolis-St. Paul-Bloomington, MN-WI 5,830 3.48 1.60 $44.17 $91,860
Bridgeport-Stamford-Norwalk, CT 5,500 13.57 6.24 $80.82 $168,100
Philadelphia, PA Metropolitan Division 5,250 2.91 1.34 $45.67 $95,000
Phoenix-Mesa-Scottsdale, AZ 4,970 2.95 1.36 $36.40 $75,720




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 5,500 13.57 6.24 $80.82 $168,100
New York-White Plains-Wayne, NY-NJ Metropolitan Division 40,790 8.19 3.77 $61.70 $128,330
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,900 5.16 2.38 $67.18 $139,730
Chicago-Naperville-Joliet, IL Metropolitan Division 16,830 4.75 2.19 $47.21 $98,190
Boston-Cambridge-Quincy, MA NECTA Division 7,380 4.45 2.05 $48.87 $101,650
Trenton-Ewing, NJ 910 4.24 1.95 $43.26 $89,990
Bend, OR 240 4.10 1.89 $25.95 $53,970
Newark-Union, NJ-PA Metropolitan Division 3,850 4.04 1.86 $49.43 $102,820
Wilmington, DE-MD-NJ Metropolitan Division 1,250 3.97 1.83 $54.80 $113,990
Fort Collins-Loveland, CO 480 3.85 1.77 (8) (8)




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 5,500 13.57 6.24 $80.82 $168,100
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,900 5.16 2.38 $67.18 $139,730
Waterbury, CT 60 1.00 0.46 $66.01 $137,290
New York-White Plains-Wayne, NY-NJ Metropolitan Division 40,790 8.19 3.77 $61.70 $128,330
Durham, NC 610 2.30 1.06 $61.48 $127,880
Little Rock-North Little Rock-Conway, AR 440 1.35 0.62 $61.28 $127,470
Buffalo-Niagara Falls, NY 1,030 1.96 0.90 $60.95 $126,780
Portland-South Portland-Biddeford, ME 440 2.30 1.06 $60.70 $126,260
Santa Fe, NM 110 1.73 0.79 $59.00 $122,720
Charlotte-Gastonia-Concord, NC-SC 2,260 2.80 1.29 $58.21 $121,070

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northwest Illinois nonmetropolitan area 350 2.57 1.18 $22.28 $46,340
Southeast Iowa nonmetropolitan area 270 1.24 0.57 $19.44 $40,440
Other Ohio nonmetropolitan area 270 1.02 0.47 $23.77 $49,440
Balance of Lower Peninsula of Michigan nonmetropolitan area 260 0.99 0.46 $42.55 $88,500
Far Western Pennsylvania nonmetropolitan area 230 1.45 0.67 $32.95 $68,530

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northwest Illinois nonmetropolitan area 350 2.57 1.18 $22.28 $46,340
Western Colorado nonmetropolitan area 190 1.87 0.86 $36.11 $75,110
Southwestern Montana nonmetropolitan area 200 1.76 0.81 $22.40 $46,590
Low Country South Carolina nonmetropolitan area 180 1.58 0.73 $37.62 $78,260
Northwestern Connecticut nonmetropolitan area 50 1.47 0.68 $46.43 $96,580

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
North Central West Virginia nonmetropolitan area 50 0.35 0.16 $62.03 $129,030
Southern Vermont nonmetropolitan area 90 0.88 0.40 $54.03 $112,390
North Central Colorado nonmetropolitan area 70 0.94 0.43 $53.00 $110,250
Western New Hampshire nonmetropolitan area 40 0.58 0.27 $52.44 $109,070
Eastern Texas nonmetropolitan area 190 0.71 0.33 $50.15 $104,320


About May 2010 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(5) This wage is equal to or greater than $80.00 per hour or $166,400 per year.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

 

Last Modified Date: May 17, 2011