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How much does a Direct Sales Representative (Banking) make?

As of March 01, 2025, the average annual salary for a Direct Sales Representative (Banking) in the United States is $70,896. According to Salary.com, salaries can range from a low of $48,086 to a high of $98,207, with most professionals earning between $58,957 and $85,192.

Direct Sales Representative (Banking) Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $85,192 $7,099 $1,638 $41
Average $70,896 $5,908 $1,363 $34
25th Percentile $58,957 $4,913 $1,134 $28

Average Salary

25% $58,957 10% $48,086 90% $98,207 75% $85,192 $70,896 50%(Median) Didn’t find job title? Click
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How much does a Direct Sales Representative (Banking) make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Direct Sales Representative (Banking) salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Direct Sales Representative (Banking) hourly pay, weekly pay, monthly pay and so on.

Last Updated on March 01, 2025
Last Updated on March 01, 2025

How Does Experience Level Affect a Direct Sales Representative (Banking)'s Salary?

An entry-level Direct Sales Representative (Banking) with less than 1 year of experience earns about $66,370. With 1-2 years of experience, the average salary increases to $66,723. For 2-4 years of experience, the pay typically rises to $71,312. Senior-level professionals with 5-8 years of experience earn around $77,232, and those with over 8 years of experience can expect an average of $77,654.

Levels Salary
Entry Level Direct Sales Representative (Banking) $66,370
Intermediate Level Direct Sales Representative (Banking) $66,723
Senior Level Direct Sales Representative (Banking) $71,312
Specialist Level Direct Sales Representative (Banking) $77,232
Expert Level Direct Sales Representative (Banking) $77,654
$66,370 0 yr
$66,723 < 2 yrs
$71,312 2-4 yrs
$77,232 5-8 yrs
$77,654 > 8 yrs
Last Updated on March 01, 2025
Entry Level 6%
Mid Level 6%
Senior Level 1%
Top Level 9%
Experienced 10%
View as graph
Last Updated on March 01, 2025

How much does salary of Direct Sales Representative (Banking) vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of March 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Direct Sales Representative (Banking) is $88,620.
  • In New York, NY, the average annual salary is $82,807.
  • In Boston, MA, a Direct Sales Representative (Banking) earns $79,475 per year.

What is the salary trend of Direct Sales Representative (Banking)?

As of March 01, 2025, our research reveals a significant shift in Direct Sales Representative (Banking) compensation over the past six years. For example, the median salary increased from $66,481 in 2023 to approximately $67,376 in 2024. (For a detailed analysis of Direct Sales Representative (Banking) salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Direct Sales Representative (Banking) Over Time

2020
$???
2021
$???
2022
$???
$66,481
2023
$67,376
2024
$66,550
2025
2026
$???
Last Updated on March 01, 2025
2020
$???
2021
$???
2022
$???
2023
$66,481
2024
$67,376
2025
$66,550
2026
$???
Last Updated on March 01, 2025

Direct Sales Representative (Banking) Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $66,481
2024 $67,376
2025 $66,550
2026 View More
Last Updated on March 01, 2025

Job Openings of Direct Sales Representative (Banking)

Salary.com job board provides millions of Direct Sales Representative (Banking) information for you to search for. Click on search button below to see Direct Sales Representative (Banking) job openings or enter a new job title here.

Most Common Benefits for Direct Sales Representative (Banking)

Based on HR-reported data: a national average with a geographic differential
Base Salary 57.5%
Bonuses 15.1%
Social Security 5.6%
401k/403b 3.4%
Disability 0.6%
Healthcare 4.9%
Pension 4.0%
Time Off 8.9%
Core Compensation
Core Compensation Median % of Total
Base Salary $70,896 57.5%
Bonus $18,676 15.1%
Value of Benefits
Core Compensation Median % of Total
Social Security $6,852 5.6%
401K/403B $4,210 3.4%
Disability $717 0.6%
Healthcare $6,056 4.9%
Pension $4,926 4.0%
Time Off $11,024 8.9%
Total Compensation $123,358 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on March 01, 2025

What are the salaries of a Direct Sales Representative (Banking) with different levels of education?

Salaries for Direct Sales Representative (Banking) with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Direct Sales Representative (Banking) with a High School Diploma or Technical Certificate is $64,428 - $71,312. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Direct Sales Representative (Banking) Salaries by Degree Level

Last Updated on March 01, 2025
Typical Education for Direct Sales Representative (Banking)
Degree Level % of user with this level of education
No Diploma 1.3%
High School 25.3%
Associates 11.4%
Bachelors 57.0%
Masters 3.8%
Doctorate 1.3%
Typical Education for Direct Sales Representative (Banking)
No Diploma 1.3%
High School 25.3%
Associates 11.4%
Bachelors 57.0%
Masters 3.8%
Doctorate 1.3%
view as table

Direct Sales Representative (Banking) Salaries by Degree Level

Last Updated on March 01, 2025

What Am I Worth?

FAQ about Direct Sales Representative (Banking)

1. What is the average salary of a Direct Sales Representative (Banking)?

The average annual salary of Direct Sales Representative (Banking) is $70,896. In case you are finding an easy salary calculator, the average hourly pay of Direct Sales Representative (Banking) is $34; the average weekly pay of Direct Sales Representative (Banking) is $1,363; the average monthly pay of Direct Sales Representative (Banking) is $5,908.

2. Where can a Direct Sales Representative (Banking) earn the most?

A Direct Sales Representative (Banking)'s earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Direct Sales Representative (Banking) earns the most in San Jose, CA, where the annual salary of a Direct Sales Representative (Banking) is $88,975.

3. What is the highest pay for Direct Sales Representative (Banking)?

The highest pay for Direct Sales Representative (Banking) is $98,207.

4. What is the lowest pay for Direct Sales Representative (Banking)?

The lowest pay for Direct Sales Representative (Banking) is $48,086.

5. What are the responsibilities of Direct Sales Representative (Banking)?

Direct Sales Representative (Banking) develops new business prospects in specific geographic areas through cold calls. Interacts with existing customers to increase sales of the bank's products and services. Being a Direct Sales Representative (Banking) requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Direct Sales Representative (Banking) works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Direct Sales Representative (Banking) typically requires 1-3 years of related experience.

6. What are the skills of Direct Sales Representative (Banking)

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.)

Strategic Communication: Strategic communication refers to policy-making and guidance for consistent information activity within an organization and between organizations.

3.)

Transaction Processing: Transaction processing is information processing in computer science that is divided into individual, indivisible operations called transactions.

About Our Data

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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The average salary for a Direct Sales Representative (Banking) is $70,896 per year in the United States, updated at March 01, 2025.
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