What Are Fintech Sales Reps?
The fintech sales advisor is a professional who focuses on steadily increasing sales of technological financial products offered by fintech companies and startups.
This professional has the necessary training to develop an effective sales strategy to drive the growth of an already established Fintech company. Or to penetrate new market segments of a company that is just starting out in the sector.
These sales representatives focus on generating demand by attracting new prospects while coordinating the entire sales process and trying to close as many sales as possible. They can also perform various roles within the company related to the sales department, depending on their skills and experience.
Some of the most common roles for this professional are:
1. Business Development
The professional in this area must find and develop new business opportunities, as well as generate new sales and have the goal of exceeding the company’s monthly volumes.
2. Sales Engineer
Sales engineers typically work in customer-facing technical or commercial environments, although they may also work in other areas, such as product development and business operations.
3. Partner Sales
This sales professional works in B2B environments and financial markets in the services area.
4. Enterprise Sales
In this position, the professional must focus on business software that meets the specific needs of (big) customers.
How Much Does Fintech Sales Pay?
The technology industry normally offers the highest salaries and is constantly looking for new specialists, both for established roles and for new roles created for specific needs.
You should remember that Fintech is a growing industry and as new financial technology products emerge, new business and professional opportunities also appear.
Right now, salaries in the Fintech industry are between $80,000 and $190,000 a year for roles in technical areas, and between $100,000 and $300,000 a year for roles in non-technical areas such as sales.
However, since Fintech sales roles normally involve commissions, you can easily imagine that the base salary plus commissions can end in an even higher monthly salary.
Right now, salaries in the Fintech industry are quite high. But the base salary will depend on the role you have as a sales professional.