Financial Services Sales Agent Overtime Pay Wage & Hour Laws
Financial Services Sales Agent Overtime Lawsuits: Wage & Hour Laws

Financial Services Sales Agent Overtime Lawsuits: Wage & Hour Laws

Commonly asked overtime pay law questions about financial services sales agents:

What Is a Financial Services Sales Agent?

Securities, commodities, and financial services sales agents include those who buy and sell securities or commodities in investment and trading firms. They also provide financial services to businesses and individuals, through advising on stocks, bonds, mutual funds, commodities, and market conditions.

What is the Salary Range for a Financial Services Sales Agent?

Depending on the work setting and state, the U.S. Bureau of Labor Statistics (BLS) noted that in 2016, the average amount of money per year that financial services sales agents make is about $102,260 per year with over 80% of the workforce making between $33,000 and $131,000 annually.

How Many Financial Services Sales Agents Are Nationally Employed?

According to the United States Department of Labor, employment estimate and mean wage estimates for financial services sales agents are as follows:

  • Employment: 353,780
  • Employment RSE*: 1.2%
  • Mean Hourly Wage: $49.17
  • Mean Annual Wage: $102,260

*RSE: 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.

According to the United States Department of Labor, the percentile wage estimates for a financial services sales agent is as follows:

  • 10% Percentile: $16.03
  • 25% Percentile: $19.73
  • 50% Percentile (Median): $32.36
  • 75% Percentile: $63.07
  • 90% Percentile: $100.00

Where Are Most Financial Services Sales Agent?

According to the United States Department of Labor, states with the highest employment level of financial services sales agents are as follows:

State Employment Employment Per Thousand Jobs Location Quotient Hourly Mean Wage Annual Mean Wage
New York 57,560 6.33 2.51 $78.01 $162,260
California 45,960 2.88 1.14 $38.67 $80,430
Texas 34,780 2.96 1.18 $42.59 $88,590
Florida 24,860 3.02 1.20 $41.60 $86,530
Illinois 18,760 3.18 1.26 $45.85 $95,370

Financial Services Sales Agent Overtime Pay Lawsuit News

Related Financial Services Sales Agent Overtime Pay Lawsuit News

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Read All Financial Services Sales Agent News on Overtime Pay Cases and Settlements

What are the Laws for Financial Services Sales Agent Overtime Pay?

Under the Fair Labor Standard Overtime Laws (FLSA), employers are sometimes required to pay financial services sales agents overtime wages. An employer is required to pay FLSA non-exempt employees one and one half times their regular rate of pay for all hours worked over 40 in one week. If a financial services sales agent is denied overtime wages, it could give rise to an overtime pay lawsuit.

There are strict time limitations for filing a claim so it is important that you discuss your case in a timely manner. If you wait too long, you may lose your ability to recover some or all of your back pay. An experienced financial services sales agent overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked.

Some states have their own overtime pay laws that may be slightly different from the FLSA with respect to overtime pay for financial services sales agents. An experienced overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked. There are strict time deadlines for filing lawsuits so it is essential that you contact an attorney immediately.

To determine whether you are eligible for filing a wage claim, contact our experienced Financial Services Sales Agent Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page.

We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.

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