Financial Advisors

For rookie FAs: how much success have you had negotiating your comp? I’m a rookie and I made zero progress from pushing back on starting pay. I’m curious what’s even possible.

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Lol. This is not a salaried business. You eat what you earn.

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Rookie doesn’t get much with the high attrition rates in this industry

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Yes, don't focus on the salary... hit the variable pay by building a great book

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I'm not trying to sound rude but I am blunt. This business might not be for you if haggling a few percent of a salary is your priority. You have zero leverage and the person offering you a job wants you to hate a salary. You can be replaced tomorrow with a better qualified candidate that'll accepted 30% less.

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30k was my salary for the FAA program with Smith Barney in 2008. It was a take it or leave it situation. Glad I took it.

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Wow if you don’t mind sharing what’s been your experience since then? You are obviously still at it so that’s great.

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