<p>what are your opinions about the best financial sales jobs? i would say a stock broker because the best ones seem to still make a killing despite all the discount brokerages. </p>
<p>btw for all purposes stockbroker includes financial planner, financial consultants, financial advisors, investment advisors, portfolio managers</p>
<p>if you can handle the delay in being paid, the best sales jobs are those where you sell self-funded insurance plans to large corporations. If you are able to sell an account with a company of 1,000 employees+, you will make ~1-1.5% (or so) residuals on each employees’ monthly premium for the self funded account. So if you do the math, each of the 1,200 employees pays $130/month (this is conservative–most health insurance plans cost $200+/month these days), you would make $2,340/month each month while that company stays with your plan (which most companies sign a 3 year contract, and are usually reluctant to change, making selling the product tough, but also more secure once you do sell it). So, let’s say you work 5 months to get 3 companies of 1,000 or more employees to sign up with your self-funded health insurance plan… you would make roughly $6,000/month while you sat on your ass eating chocolate cake… it’s really a good gig, but it takes patience and persistance (a lost art in recent generations).</p>
<p>6000 a month while eating chocolate cake sounds rather ideal. a google search seems to tell me the field is rather saturated with too many competing businesses(much like the broker busines…). what are your thoughts on this 311Griff?</p>
<p>possibly, however, it’s not an easy job… it’s akin to working in the real estate market when nobody’s buying or selling… you have to have a lot of persistence and a backup plan if it doesn’t work out. I was employed by the Principal Financial Group (PFG) a little bit ago, and worked as a claims examiner for self-funded insurance accounts (places like Paccar and Tharco), and I heard that the salesman who had sold these accounts for PFG was making 6 figures in residuals… sales with residuals are most often the best.</p>
<p>bump, what are anyone elses thoughts on this topic ?</p>
<p>i would have to agree as i have been told by others that insurance sales can be a great money making career. I have heard of 300k+ from only the renewing clients. And after a certain given time, your job will rely more on customer service than sales, which could be good or bad. But in response to financial sales jobs, word of mouth can be seen as a form of reoccurring linear compensation, not the same as residual earnings, but repeat business and a growing customer base allows for a decent income.</p>
<p>im very interested.</p>
<p>THIS is the kind of discussion we need to have on this forum, not “what’s the most salary you can get out of wharton” or “what watch are you all getting when you are rich”.</p>
<p>thanks untitled yeah i hope to see more discussion outside of top schools and IB on this forum. anything anyone can contribute on this topic or anything else original would be great. i want to see the business forum return to its former glory.</p>
<p>I can see how insurance sales can be profitable.</p>
<p>My current goal is become a sales-trader, and i always thought of this role as one of the best paid ‘salesmen’ jobs. (Although, they aren’t necessarily salesmen…) I’d like to do trading, but also keep in contact with PM’s from HF’s, etc. I met a couple of sales-traders, and they seem to be making a good amount. Some even claimed to have made more than traders, contributal to the fact that 2006 was a good year in general in terms of deal flow. </p>
<p>Not only are they well paid, but they are able to execute trades, and thus gain experience in trading. They keep in contact with key people in the industry, and thus have a good network. And lastly, they develope the people skills necessary to move on in their careers. Because let’s face it: Buyside is where it’s at.</p>
<p>What are your thoughts on this?</p>
<p>Edit: TheMK99, out of curiosity, what is your reasoning for lumping PM’s into stockbrokers? When I hear of stockbroker, I think of computers. NYSE’s floor is practically half electronic now, and the age of stockbrokers is almost null…</p>
<p>not all portfolio managers are stockbrokers, but I have heard some stockbrokers calling them portfolio managers or private portfolio managers. basically wanting to avoid anything except the broker title.</p>
<p>start your own pyramid scam.</p>
<p>I wonder what kind of trouble you get in for a pyramid scam?</p>
<p>If you are very innovative, have lots of patience, have superior socials skills, and great time management skills, you may wish to look into a job in commercial real estate brokerage. Don’t be turned away by the ostensible similarity to residential real estate agents. The two are typically required to have the same license, but all similarity ends there and then. If you are good at it, CRE is uncomparably more stable than residential and you will always have work regardless of the state of the market and/or the economy.</p>
<p>If you decide to go into this field, be advised that many (possibly most) people do not make it, typically because they lack one of the aforementioned skills – most commonly “innovation.” In other words, if you approach the business with the same attitude that 95% of the other new brokers approach it with and simply follow the “company’s step-by-step guide to success,” there is a tremendous chance that you will end up cursing me for suggesting this profession. You can’t expect t</p>
<p>bump bump bump</p>