Which is the highest paid Sales job in Singapore ?
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the "banker" title nowadays is overrated. He banker, he also banker, he also banker...haiz
It's like "Business Executive". A grand title but tells nothing about what he/she does.
Not every banker earns half a million in a year. In fact most do not. Only the very top private investment bankers earned maybe 3-400K a year.
Let me give u an over simplified example.
Assuming a private banker manages to bring in a rich fellow who invests $1million cash. Assuming the private banker earns 1% one off commission, he will get $10K.
1. This however do not take into account the expenses he paid to entertain the potential client. (Although some banks and financial institutions offer an expense account for their bankers, they must justify the expenses with the sales profits).
2. Most bankers in sg deals with mutual funds, which pays them an one off commission. Most rich people dun invest primarily in mutual funds, as it is not as lucrative as other forms of investments, example the stock market (although the risk is higher).
3. Stock Brokers only earn a one off commission of a percentage of the size of the fund if a buy-sell transaction is made.
4. Private banking in SG is one of the most cut throat business. Only the very top producers survive. The weaker ones will last at most a couple of years.
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Cool information coming in..
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How's the hedge fund market for Singapore?Originally posted by airgrinder:the "banker" title nowadays is overrated. He banker, he also banker, he also banker...haiz
It's like "Business Executive". A grand title but tells nothing about what he/she does.
Not every banker earns half a million in a year. In fact most do not. Only the very top private investment bankers earned maybe 3-400K a year.
Let me give u an over simplified example.
Assuming a private banker manages to bring in a rich fellow who invests $1million cash. Assuming the private banker earns 1% one off commission, he will get $10K.
1. This however do not take into account the expenses he paid to entertain the potential client. (Although some banks and financial institutions offer an expense account for their bankers, they must justify the expenses with the sales profits).
2. Most bankers in sg deals with mutual funds, which pays them an one off commission. Most rich people dun invest primarily in mutual funds, as it is not as lucrative as other forms of investments, example the stock market (although the risk is higher).
3. Stock Brokers only earn a one off commission of a percentage of the size of the fund if a buy-sell transaction is made.
4. Private banking in SG is one of the most cut throat business. Only the very top producers survive. The weaker ones will last at most a couple of years.
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A type of broker maybe? Like the other guy said, it's all about your clients.Originally posted by Advante_101:What about 3rd? -
sell backside earn most.
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is that ya winning ticket win how much??Originally posted by Fireindahouse:as good as
