Financial Specialists Job Overview
Financial specialists primarily sell products and services for financial institutions. They also help their clients establish short-term and long-term financial goals. Some financial specialists also offer their clients insurance. Many financial specialists have experience in sales or banking.
Financial Specialists Schools and Degrees
Many financial specialists have a bachelor's degree in finance or marketing. Many colleges and universities offer degrees in these subjects.
Job Requirements
Employers usually prefer applicants who have a bachelor's degree in finance or marketing. Financial specialists are required to obtain special licenses to sell securities and insurance.
Nature of Work
- Obtain a thorough understanding of financial instruments and insurance
- Evaluate clients' needs
- Review the details of financial instruments and insurance with clients
- Evaluate the level of success of the financial plan
Financial Specialists Jobs and Outlook
The major employers of financial specialists are shown below:
- Banks
- Credit unions
- Insurance companies
In 2008 the median annual earnings for financial specialists was $57,150.
Job Numbers and Growth The official count of financial specialists in 2008 was 129,000. Workers have recently faced a low level of unemployment. The unemployment rate for employees? About 3% recently. Area Job Conditions You'll see a lot of financial specialists in Warner Robins (Georgia), Portsmouth (New Hampshire), and Charlotte (North Carolina), and comparatively fewer in Augusta (Georgia), Mobile (Alabama), and Tulsa (Oklahoma). Wages for Workers are highest in Corpus Christi (Texas), San Francisco (California), and Washington (District of Columbia), and lowest in Missoula (Montana), Fort Smith (Arkansas), and Brownsville (Texas). Training and Education Employees normally have a bachelor's degree before landing a job. Degrees are held by 50% of current financial specialists. Post-secondary schooling was enough for 34% of workers. Education topped out at high school for 17% of employees. Recommended schools are shown in the column to the right; request information from them to help you decide which if any could help you with this career. Part-Time Work and Self-Employment Part-time work suffices for 11% of financial specialists. Workers working on their own make up 3% of the total.
Financial Specialists by Metropolitan Area (city and its surroundings) In the table below, a Job Density near 0% means the area has an average number of people in this occupation, for its population. A higher or lower Job Density (e.g., +22% or -45%) tells you there are that many more or fewer workers of that type there than in the average US metro area. So, the higher the number, the more common the occupation. Alabama | City and Area | Median Salary | Employees | Job Density |
|---|
| Birmingham | $56,000 | 230 | -59% | | Huntsville | $70,000 | 160 | -27% | | Mobile | $59,000 | 30 | -84% | | Montgomery | $64,000 | 100 | -44% |
Alaska | City and Area | Median Salary | Employees | Job Density |
|---|
| Anchorage | $56,000 | 270 | +61% |
Arizona | City and Area | Median Salary | Employees | Job Density |
|---|
| Phoenix | $57,000 | 1,330 | -35% | | Tucson | $54,000 | 110 | -72% |
Arkansas | City and Area | Median Salary | Employees | Job Density |
|---|
| Fayetteville | $38,000 | 70 | -66% | | Fort Smith | $32,000 | 30 | -75% | | Little Rock | $45,000 | 230 | -37% |
California | City and Area | Median Salary | Employees | Job Density |
|---|
| Bakersfield | $61,000 | 220 | -22% | | Chico | $61,000 | 40 | -41% | | Fresno | $59,000 | 230 | -35% | | Merced | $52,000 | 50 | -9% | | Modesto | $67,000 | 50 | -71% | | Oakland | $73,000 | 1,250 | +11% | | Oxnard | $52,000 | 720 | +127% | | Riverside | $48,000 | 1,100 | -21% | | Sacramento | $55,000 | 3,110 | +222% | | Salinas | $71,000 | 130 | -19% | | San Diego | $60,000 | 2,120 | +45% | | San Francisco | $94,000 | 2,480 | +128% | | San Jose | $72,000 | 930 | -7% | | San Luis Obispo | $50,000 | 40 | -60% | | Santa Barbara | $69,000 | 110 | -37% | | Santa Rosa | $49,000 | 150 | -22% | | Stockton | $60,000 | 120 | -47% | | Vallejo | $43,000 | 70 | -44% |
Colorado | City and Area | Median Salary | Employees | Job Density |
|---|
| Colorado Springs | $73,000 | 220 | -17% | | Denver | $67,000 | 2,050 | +50% | | Greeley | $43,000 | 80 | +9% |
Connecticut | City and Area | Median Salary | Employees | Job Density |
|---|
| Danbury | $42,000 | 50 | -28% | | Hartford | $65,000 | 610 | -3% | | New Haven | $67,000 | 110 | -63% | | Norwich | $59,000 | 40 | -68% | | Waterbury | $62,000 | 50 | -25% |
Delaware | City and Area | Median Salary | Employees | Job Density |
|---|
| Dover | $79,000 | 30 | -43% |
District of Columbia | City and Area | Median Salary | Employees | Job Density |
|---|
| Washington | $86,000 | 4,440 | +76% |
Florida | City and Area | Median Salary | Employees | Job Density |
|---|
| Cape Coral | $54,000 | 240 | +9% | | Deltona | $44,000 | 110 | -31% | | Fort Lauderdale | $59,000 | 1,230 | +54% | | Fort Walton Beach | $73,000 | 150 | +101% | | Gainesville | $58,000 | 110 | -6% | | Jacksonville | $54,000 | 1,620 | +148% | | Lakeland | $56,000 | 120 | -41% | | Miami | $56,000 | 1,520 | +41% | | Ocala | $55,000 | 70 | -26% | | Orlando | $58,000 | 1,180 | +3% | | Palm Bay | $69,000 | 390 | +90% | | Panama City | $61,000 | 40 | -40% | | Pensacola | $64,000 | 220 | +43% | | Port St Lucie | $56,000 | 80 | -38% | | Sarasota | $62,000 | 300 | +8% | | Sebastian | $50,000 | 30 | -34% | | Tallahassee | $61,000 | 240 | +42% | | Tampa | $54,000 | 1,860 | +40% | | West Palm Beach | $67,000 | 660 | +14% |
Georgia | City and Area | Median Salary | Employees | Job Density |
|---|
| Albany | $62,000 | 60 | +2% | | Athens | $44,000 | 30 | -59% | | Atlanta | $48,000 | 2,880 | +11% | | Augusta | $55,000 | 40 | -81% | | Columbus | $57,000 | 40 | -64% | | Macon | $45,000 | 60 | -40% | | Savannah | | 60 | -61% | | Warner Robins | $65,000 | 290 | +516% |
Hawaii | City and Area | Median Salary | Employees | Job Density |
|---|
| Honolulu | $63,000 | 500 | +6% |
Idaho | City and Area | Median Salary | Employees | Job Density |
|---|
| Boise | $54,000 | 160 | -44% | | Pocatello | $49,000 | 40 | +48% |
Illinois | City and Area | Median Salary | Employees | Job Density |
|---|
| Bloomington | $65,000 | 170 | +147% | | Champaign | $66,000 | 90 | -4% | | Chicago | $77,000 | 8,190 | +96% | | Kankakee | $62,000 | 30 | -13% | | Peoria | $68,000 | 230 | +30% | | Rockford | $56,000 | 80 | -49% | | Springfield | $58,000 | 110 | +6% |
Indiana | City and Area | Median Salary | Employees | Job Density |
|---|
| Evansville | $50,000 | 40 | -78% | | Fort Wayne | $52,000 | 60 | -73% | | Gary | $51,000 | 80 | -73% | | Indianapolis | $63,000 | 1,190 | +22% | | Kokomo | $52,000 | 30 | -7% | | Muncie | $58,000 | 30 | -29% | | South Bend | $44,000 | 90 | -36% |
Iowa | City and Area | Median Salary | Employees | Job Density |
|---|
| Cedar Rapids | $39,000 | 60 | -57% | | Davenport | $65,000 | 160 | -17% | | Des Moines | $55,000 | 430 | +23% | | Iowa City | $35,000 | 50 | -29% | | Waterloo | $41,000 | 30 | -65% |
Kansas | City and Area | Median Salary | Employees | Job Density |
|---|
| Topeka | $62,000 | 40 | -64% | | Wichita | $73,000 | 120 | -63% |
Kentucky | City and Area | Median Salary | Employees | Job Density |
|---|
| Elizabethtown | $63,000 | 40 | -1% | | Lexington | $57,000 | 320 | +25% | | Louisville | $53,000 | 890 | +33% |
Louisiana | City and Area | Median Salary | Employees | Job Density |
|---|
| Baton Rouge | $69,000 | 170 | -57% | | New Orleans | $51,000 | 570 | +4% |
Maine | City and Area | Median Salary | Employees | Job Density |
|---|
| Bangor | $55,000 | 80 | +29% | | Portland | $58,000 | 210 | -1% |
Maryland | City and Area | Median Salary | Employees | Job Density |
|---|
| Baltimore | $54,000 | 2,850 | +100% | | Bethesda | $74,000 | 820 | +32% | | Hagerstown | $47,000 | 40 | -60% |
Massachusetts | City and Area | Median Salary | Employees | Job Density |
|---|
| Barnstable Town | $45,000 | 40 | -60% | | Boston | $70,000 | 2,950 | +57% | | Framingham | $54,000 | 60 | -64% | | Haverhill | $60,000 | 40 | -47% | | Lawrence | $52,000 | 40 | -27% | | Lowell | $55,000 | 110 | -11% | | Springfield | $60,000 | 120 | -62% | | Worcester | $71,000 | 60 | -77% |
Michigan | City and Area | Median Salary | Employees | Job Density |
|---|
| Ann Arbor | $57,000 | 400 | +132% | | Battle Creek | $70,000 | 70 | +53% | | Flint | $71,000 | 250 | +78% | | Grand Rapids | $50,000 | 640 | +57% | | Holland | $71,000 | 150 | +47% | | Jackson | $48,000 | 100 | +103% | | Kalamazoo | $52,000 | 230 | +65% | | Lansing | $59,000 | 800 | +296% | | Muskegon | $49,000 | 90 | +55% | | Niles | $45,000 | 70 | +17% | | Saginaw | $56,000 | 190 | +154% | | Warren | $68,000 | 2,830 | +125% |
Minnesota | City and Area | Median Salary | Employees | Job Density |
|---|
| Duluth | $57,000 | 80 | -39% | | Minneapolis | $65,000 | 3,750 | +92% | | St Cloud | $51,000 | 90 | -13% |
Mississippi | City and Area | Median Salary | Employees | Job Density |
|---|
| Gulfport | $64,000 | 90 | -18% | | Jackson | $69,000 | 80 | -70% |
Missouri | City and Area | Median Salary | Employees | Job Density |
|---|
| Jefferson City | $49,000 | 60 | -10% | | Kansas City | $70,000 | 870 | -22% | | Springfield | $45,000 | 40 | -80% | | St Louis | $64,000 | 900 | -39% |
Montana | City and Area | Median Salary | Employees | Job Density |
|---|
| Billings | $53,000 | 40 | -50% | | Missoula | $27,000 | 30 | -39% |
Nebraska | City and Area | Median Salary | Employees | Job Density |
|---|
| Lincoln | $52,000 | 60 | -65% | | Omaha | $58,000 | 130 | -74% |
Nevada | City and Area | Median Salary | Employees | Job Density |
|---|
| Las Vegas | $49,000 | 400 | -60% | | Reno | $64,000 | 90 | -59% |
New Hampshire | City and Area | Median Salary | Employees | Job Density |
|---|
| Manchester | $72,000 | 370 | +250% | | Nashua | $71,000 | 310 | +118% | | Portsmouth | $69,000 | 250 | +363% | | Rochester | $53,000 | 30 | -45% |
New Jersey | City and Area | Median Salary | Employees | Job Density |
|---|
| Atlantic City | $64,000 | 120 | -21% | | Camden | $64,000 | 700 | +22% | | Edison | $66,000 | 1,500 | +33% | | Newark | $68,000 | 1,440 | +31% | | Trenton | $73,000 | 770 | +241% | | Vineland | $70,000 | 50 | -9% |
New Mexico | City and Area | Median Salary | Employees | Job Density |
|---|
| Albuquerque | $59,000 | 320 | -24% | | Santa Fe | $44,000 | 100 | +63% |
New York | City and Area | Median Salary | Employees | Job Density |
|---|
| Albany | | 380 | -19% | | Buffalo | $63,000 | 760 | +31% | | New York | $76,000 | 7,330 | +31% | | Poughkeepsie | $72,000 | 60 | -76% | | Rochester | $51,000 | 170 | -69% | | Syracuse | $47,000 | 250 | -24% | | Utica | $52,000 | 70 | -46% |
North Carolina | City and Area | Median Salary | Employees | Job Density |
|---|
| Asheville | $45,000 | 160 | -14% | | Charlotte | $70,000 | 4,020 | +317% | | Fayetteville | $34,000 | 260 | +109% | | Greensboro | $70,000 | 270 | -32% | | Greenville | $61,000 | 30 | -57% | | Hickory | $51,000 | 40 | -76% | | Jacksonville | $64,000 | 40 | +7% | | Raleigh | $55,000 | 540 | -2% | | Wilmington | $52,000 | 50 | -66% | | Winston Salem | $58,000 | 370 | +63% |
North Dakota | City and Area | Median Salary | Employees | Job Density |
|---|
| Fargo | $56,000 | 60 | -49% |
Ohio | City and Area | Median Salary | Employees | Job Density |
|---|
| Akron | $52,000 | 280 | -22% | | Canton | $53,000 | 80 | -56% | | Cincinnati | $56,000 | 1,450 | +28% | | Cleveland | $61,000 | 2,000 | +73% | | Dayton | $69,000 | 800 | +91% | | Toledo | $51,000 | 170 | -49% | | Youngstown | $49,000 | 60 | -76% |
Oklahoma | City and Area | Median Salary | Employees | Job Density |
|---|
| Oklahoma City | $69,000 | 120 | -80% | | Tulsa | $60,000 | 50 | -89% |
Oregon | City and Area | Median Salary | Employees | Job Density |
|---|
| Corvallis | $45,000 | 50 | +80% | | Eugene | $45,000 | 150 | -3% | | Medford | $50,000 | 60 | -28% | | Portland | $62,000 | 1,390 | +23% | | Salem | $46,000 | 150 | -3% |
Pennsylvania | City and Area | Median Salary | Employees | Job Density |
|---|
| Allentown | $58,000 | 80 | -78% | | Erie | $39,000 | 70 | -45% | | Harrisburg | $67,000 | 300 | -11% | | Philadelphia | $67,000 | 1,400 | -32% | | Pittsburgh | $65,000 | 730 | -41% | | Scranton | $55,000 | 60 | -78% | | State College | $46,000 | 50 | -7% |
Rhode Island | City and Area | Median Salary | Employees | Job Density |
|---|
| Providence | $60,000 | 930 | +52% |
South Carolina | City and Area | Median Salary | Employees | Job Density |
|---|
| Charleston | $74,000 | 170 | -45% | | Columbia | $65,000 | 410 | +9% | | Greenville | $58,000 | 100 | -69% |
Tennessee | City and Area | Median Salary | Employees | Job Density |
|---|
| Chattanooga | $47,000 | 210 | -15% | | Clarksville | $41,000 | 80 | +8% | | Cleveland | $44,000 | 40 | +24% | | Johnson City | $46,000 | 30 | -59% | | Knoxville | $51,000 | 230 | -36% | | Memphis | $70,000 | 860 | +28% | | Nashville | $59,000 | 950 | +14% |
Texas | City and Area | Median Salary | Employees | Job Density |
|---|
| Amarillo | $38,000 | 140 | +39% | | Austin | $56,000 | 470 | -43% | | Brownsville | $28,000 | 60 | -52% | | Corpus Christi | $105,000 | 160 | -13% | | Dallas | $74,000 | 1,540 | -33% | | El Paso | $50,000 | 110 | -61% | | Fort Worth | $53,000 | 330 | -65% | | Houston | $80,000 | 1,560 | -45% | | Killeen | $50,000 | 40 | -67% | | Lubbock | $39,000 | 50 | -60% | | Mcallen | $34,000 | 70 | -70% | | Midland | $47,000 | 40 | -37% | | San Antonio | $52,000 | 700 | -24% | | Tyler | $42,000 | 50 | -45% |
Utah | City and Area | Median Salary | Employees | Job Density |
|---|
| Ogden | $60,000 | 260 | +24% | | Salt Lake City | | 180 | -73% |
Vermont | City and Area | Median Salary | Employees | Job Density |
|---|
| Burlington | $62,000 | 50 | -55% |
Virginia | City and Area | Median Salary | Employees | Job Density |
|---|
| Charlottesville | $50,000 | 90 | -3% | | Richmond | $67,000 | 730 | +13% | | Roanoke | $52,000 | 190 | +16% | | Virginia Beach | $62,000 | 1,120 | +37% |
Washington | City and Area | Median Salary | Employees | Job Density |
|---|
| Bellingham | $47,000 | 50 | -36% | | Bremerton | $66,000 | 150 | +83% | | Kennewick | $50,000 | 80 | -10% | | Olympia | $67,000 | 60 | -36% | | Seattle | $71,000 | 2,360 | +50% | | Spokane | $56,000 | 120 | -45% | | Tacoma | $52,000 | 290 | +1% | | Yakima | $45,000 | 40 | -49% |
West Virginia | City and Area | Median Salary | Employees | Job Density |
|---|
| Charleston | $50,000 | 120 | -20% | | Huntington | $49,000 | 50 | -56% | | Parkersburg | $58,000 | 100 | +48% | | Wheeling | $52,000 | 30 | -51% |
Wisconsin | City and Area | Median Salary | Employees | Job Density |
|---|
| Appleton | $53,000 | 30 | -74% | | Green Bay | $41,000 | 120 | -31% | | Madison | $51,000 | 90 | -75% | | Milwaukee | $60,000 | 870 | -6% | | Wausau | $54,000 | 50 | -23% |
Wyoming | City and Area | Median Salary | Employees | Job Density |
|---|
| Cheyenne | $54,000 | 40 | 0% |
Salary and employment data obtained from the United States Department of Labor. Individual salaries depend on location, education and career background. Thanks to CityTownInfo.com for this financial specialist schools and jobs info.
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