Financial Advisors

Would you take a high salary ($80k+) but minimal bonuses, or low salary (less than $30k) with unlimited bonus/commission potential? I’m in between two offers for a private banker role

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I made that same decision when 15 yrs ago. I took $24k and persevered to build a biz. Now I’m making $350k. It’s really up to you?

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Short term gain for a long term loss

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Yeah but I feel like that’s not the norm for most people which is what I worry about. Everyone talks about their massive success but no one who’s ever regretted taking a smaller salary with the potential to blow up ever seems to admit their failure/regret on platforms like this

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That’s true

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You want a short term loss for a long term gain. The less salary and more opportunities for bonuses and compensation the higher income potential. Stress to work harder to make it is good, the American dream!

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I hear you OP, and in fact there were several times in the early part of those 15 yrs (especially 08-10) where I looked to leave and take a salary much like your describing. In the end the right offer didn’t come and I kept grinding. Now I look back and am soo happy that a decent offer didn’t come at the right time. If it had I’m sure I’d be locked in to a m-f 8-6 maybe making $100k at best.

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smart
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I think it depends where you are in career. Early in I would have liked a bigger salary while I learned. Once you have figured out who you are you should never accept limitations, unless you are not driven to go above and beyond. Not everyone is. If the bank job and stability is right for you, then that's what's best. You do you.

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Agreed. Not everyone can pay bills on a $30k salary.

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Low base and unlimited. If you get it right in this industry your business can be so scalable. God you’d be foolish to cap that upside

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Are you a plow horse or a race horse?

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