Salary and timeline of a Financial Advisor?

Hey all,

I was wondering if anyone can share some insight on what the starting salary and career progression looks like starting off as a financial advisor at a bulge bracket like MS or JPM.

I recently just graduated this summer after having to take one class, and after many interviews I don't have anything substantial. I was wondering if getting hired by a team with close to a billion in AUM, would start off paying a salary, or if it is entirely all commission. And if salary, what exactly could it be

Thank you.

 

read my 4 part series on PWM. your comp package is entirely determined by your team, there are no set parameters. I've seen incentives based upon numerous metrics, but again it's all decided by your team and negotiated by you.

as with any job, you need to know what success looks like, what specifically will you be measured on? ask them about ways to earn add'l compensation? if you are loyal to them and successful, what does future growth look like?

and by incentives I mean add'l comp, not benefits like health & retirement

 

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