| Topic Name: |
Internal Competition |
| Message Name: |
Re:Re |
| Date Posted: |
01/18/2006 |
| In Reply To: |
Thanks for the response. So 300-400 would be on the high end of what top FAs make?
Do any FAs make salary even during the first two years?
About what would it be?
If you dont mind saying, are you planning on getting out of the business? Or just more education?
It seems like a really fun career that I think I would enjoy but am really worried about finding clients? |
| Message: |
I'd say 250k annual income would be a good national average at my firm with a median more around 150k (which is about where I am in year 4). The top 20% probably make 400k or more. The top 5% are well over $1 million. Some places offer a salary during the first two years (most reputable firms do). For someone fresh out of college it would be minimal, maybe 35k. For someone with considerable experience maybe 75 to 90k. After two years though, you're on a draw based on that same number, so basically 100% commission. I'm not getting out of the business, just looking to better myself with the MBA. It is a great career. As far as finding clients, that's a valid concern. All I can say is scratch, claw, and beg for as long as it takes for a few years.
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