
Financial Consultant
2 weeks ago
Aspiring to be a **Financial Consultant / Insurance Adviser **and keen on knowing the Compensation Structure and Career Progression?
**Compensation**:
$3,000 to $5,000 Basic Pay
On Top of Basic Pay there is 50% Commissions
**First Year Commission Structure**:
Closing a $500 a month policy means $500 x 12 months = $6,000 Premiums.
50% of $6,000 Premiums = $3,000 will be paid Upfront (not after 12 months)
**Total Expected Compensation**:
Conservative $3,000 Basic Pay + 2 cases $6,000 = $9,000 salary per month.
**Career Progression**:
1) Long Term Financial Consultant
Sleeping Income stacking up, coming from the continuous payment of Policies. 2nd year gives about 30% and so on.
2) Manager, Associate Director, Director
Manage a team which gives overriding commissions to you.
**Other Incentives**:
- Quarterly bonuses (yes, not yearly)
- Product based extra sales incentives
- Overseas Incentive Trips all paid for.
**Minimum Criteria: SG Diploma or Degree**
**Job Types**: Full-time, Permanent
**Salary**: $5,000.00 - $9,000.00 per month
**Benefits**:
- Additional leave
- Flexible schedule
- Professional development
Schedule:
- Flexible hours
- Monday to Friday
- Weekend availability
Supplemental pay types:
- Commission pay
- Performance bonus
- Retention bonus
- Signing bonus
- Tips
- Yearly bonus
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