Wholesale and Manufacturing Sales Representatives vs Financial Specialists salary

As reported by the US Bureau of Labor Statistics, Wholesale and Manufacturing Sales Representatives earn an average of $72,390 per year, while Financial Specialists earn an average of $87,350 per year. Therefore, the salary for Financial Specialists is higher than that of Wholesale and Manufacturing Sales Representatives.

Keep in mind, however, that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. For instance, Wholesale and Manufacturing Sales Representatives in Massachusetts may have higher earnings (averaging $87,080 per annum) compared to those in Oklahoma ($56,730).

Wholesale and Manufacturing Sales Representatives vs Financial Specialists overview

Wholesale and Manufacturing Sales Representatives and Financial Specialists are two important jobs in the Durable Goods Merchant Wholesalers and Professional, Scientific, and Technical Services industries respectively. There is a general interest in understanding the differences between these job titles, including the average salary for each of them.

Wholesale and Manufacturing Sales Representatives job description

Alternative names: Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products

Wholesale and Manufacturing Sales Representatives sell goods for wholesalers or manufacturers to businesses or groups of individuals. Work requires substantial knowledge of items sold.

Wholesale and Manufacturing Sales Representatives education and experience

Of Wholesale and Manufacturing Sales Representatives, about a half hold a High School Diploma, 34% have a Bachelor's Degree, and 14% hold a College Course Certificate. With regard to experience, about a third of Wholesale and Manufacturing Sales Representatives jobs require a 2 to 4 years of work-related experience. A smaller part of jobs (25%) require a previous experience of 4 to 6 years.

Wholesale and Manufacturing Sales Representatives average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 1.24M Wholesale and Manufacturing Sales Representatives working in the United States, and on average, they earned $72,390 per year. The bottom 10 percent earned $30,620 or less, and the top 10 percent earned $125,750 or more. Compared to the previous year, the average salary has fallen by 1.5%.

Do Wholesale and Manufacturing Sales Representatives make good money?

Wholesale and Manufacturing Sales Representatives generally earn good salaries, as their average salary is about a quarter higher than the average salary in the United States ($58,260). Additionally, they earn 14% more than the average pay of the Durable Goods Merchant Wholesalers industry ($63,360).

Wholesale and Manufacturing Sales Representatives generally earn good salaries, as their average salary is about a quarter higher than the average salary in the United States ($58,260).

Wholesale and Manufacturing Sales Representatives job growth

The employment rate for Wholesale and Manufacturing Sales Representatives has fallen in the last two years. In 2021, there have been 36,180 less roles than the previous year nationwide, which marks a decrease of 2.8%. Job growth has averaged -2.7% for the last 3 years.

Financial Specialist average salary

According to the US Bureau of Labor Statistics, there were 2.9M Financial Specialists employed in the United States in 2021, and they earned a mean annual income of $87,350. The bottom 10 percent had earnings of $43,720 or less, and the top 10 percent had earnings of $140,710 or more. The average salary has increased by 2.2% compared the previous year.

Do Financial Specialists make good money?

The average salary of Financial Specialists is about a half higher than the average wage in the United States ($58,260). However, they earn 4% less than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).

The average salary of Financial Specialists is about a half higher than the average wage in the United States ($58,260).

Financial Specialists job growth

In 2021, there have been 145,370 more Financial Specialist positions than the previous year nationwide, which marks a rise of 5.3%. The average job growth over the past 3 years has been 2.5%.

FAQ

Do Wholesale and Manufacturing Sales Representatives or Financial Specialists make more?

The average earnings of Financial Specialists are 21% higher than those of Wholesale and Manufacturing Sales Representatives. On average, Wholesale and Manufacturing Sales Representatives make $72,390 per year, while Financial Specialists make $87,350.