Salary for Financial Recruiter

Financial recruiters are paid to track down qualified financial representatives.

Financial recruiters play an important role in the human resources departments of financial companies and organizations. They are responsible for finding and recruiting talented individuals who can work as financial leaders within their organization. The Bureau of Labor Statistics (BLS) places financial recruiters within the larger category of employment, recruitment and placement specialists. Salaries for those working in this field vary by geographic location and industry.

Average Salary

The average salary of a financial recruiter was $54,530 per year as of May 2009, according to the BLS. Those working in the management for various companies and enterprises made an average salary of $57,420 per year. Financial recruiter working for employment services to recruit on behalf of financial companies and other businesses and organizations made $53,260.

Pay Scale

Placing the salary of financial recruiters within the larger pay scale for employment, recruitment and placement specialists can provide some additional context. Those working in this field made salaries that generally ranged from $28,370 to $87,060 per year as of 2009, according to the BLS. Those in the middle half of the pay scale made salaries ranging from $35,430 to $64,380, with a reported median salary of $46,200.

Location

Where the recruiter works can also play a role in influencing how much he can expect to make. According to the BLS, the highest-paid recruiters and placement specialists worked in Massachusetts, New York, New Jersey, Connecticut and California, making an average salary of more than $62,000 per year. Those employed in Florida made substantially less at $45,530 per year, while those in the District of Columbia brought home an average of $54,970.

Job Outlook

The job outlook for recruiters and other human resources professionals appears to be positive, based on the projections made by the BLS for the period from 2008 to 2018. The bureau projects 22 percent job growth in this field, a rate of growth much faster than the average rate of growth for all other professions. Financial recruiters will be in high demand because of the need to find qualified financial professionals who can facilitate positive economic growth for companies.

References

• Bureau of Labor Statistics: Human Resources, Training, and Labor Relations Managers and Specialists
• Bureau of Labor Statistics: 13-1071 Employment, Recruitment, and Placement Specialists