Thursday, November 28, 2019
Top Paying Sales Jobs
Top Paying Sales JobsTop Paying Sales JobsDoctors, lawyers, CEOs and professional athletes usually come to mind when thinking about the top paying career fields. The truth is that sales careers are or can be the highest paying professions in the country. As long as an employer offers an unlimited earnings potential compensation program, any sales professional can be among the top paid professionals in the world.But there are a few sales professions that consistently rank high in the income category. These positions also include a long list of professionals who didnt make the grade, lost money or are earning average incomes. The difference, as always, is the part in the position. Again, any sales position can be a top-earning position if the sales professional is talented, dedicated and motivated. 01Independent Sales ProfessionalsIndependent sales professionals fall into a very large category. As far as income is concerned, this category varies more than any other, but those who truly succeed as an independent rep are often the highest paid professionals.Independent sales professionalsdo elend enjoy the luxury of a salary or company sponsored benefits but do enjoy incredible freedom and flexibility. Suited for the entrepreneurial type, independent sales jobs require discipline, dedication, self-motivation and a hunger for success.For those that have the intestinal fortitude to go it on their own, no other sales profession can pay as highas can be earned by independent sales professionals.02Senior ManagementLook at the C level of most sales companies, and you will see at least a few sales professional sitting at the boardroom table. While senior leaders may elend be active in the sales processes, most have earned their way to the top as a result of their sales success.It is not uncommon to find that a CEO started his career in sales and moved up through the corporate ranks moving from one sales position to another. Most VP of Sales positioned are filled with sale s-minded people.Even some CFO and CIO positions (Chief Financial Officer and Chief Information Officer) are held by sales professionals. The lessons learned by a successful sales rep translate across all areas of a corporation. Having a sales-focused executive with a key to the executive bathroom helps ensure that the company keeps a focus on customer satisfaction, an eye on the competition and a sales rep friendly work environment.03Financial Services Sales ProfessionalsHelping Americans manage, grow and invest their hard-earned money is the job of the sales professionals in the financial services industry. Think about the executives on Wall Street, whose sole purpose is to capitalize on market trends, privileged (but not an insider) information and to make their clients financial dreams come true. For their efforts and expertise, those in this field earn incredible incomes.The position names vary from stockbroker to financial adviser, but all share the same common objective Make m oney for themselves by making money for others.While financial services sales professionalscan find employment in many places including banks, credit unions or brokerage houses, the top paying professionals are either independent reps or hold senior-level positions with global financial services corporations.04Luxury Item Sales ProfessionalsInterested in buying your private jet? How about a resort in Fiji or a 14th-century castle in England? If so, you will be working with a highly paid, highly professional sales person who focuses on selling the biggest of big-ticket items to the wealthiest individuals in the world.Luxury Item Sales is not something that the average job hunter simply applies for, goes through a fewinterviewsbefore accepting the position. Professionals in this space are chosen, recruited and wined and dined based on their reputation in sales. When a multimillion dollar sales opportunity is at stake, only the absolute best need apply.
Sunday, November 24, 2019
Registered Brokers Sales Assistant Job Description
Registered Brokers Sales Assistant Job DescriptionRegistered Brokers Sales Assistant Job DescriptionA broker schlussverkauf assistant helps financial advisors, traditionally referred to as brokers, with time management by handling routine client inquiries. Most questions are related to account maintenance matters, allowing financial advisors to devote more time to their value-added activity, providing investment advice. While the parole broker sale assistant still is common parlance, most wealth management firmsofficially use the title financial advisor abverkauf assistant or something similar. Supporting a busy financial advisor with a large roster of clients means a constant stream of telephone inquiries and time pressure to resolve problems. A sales assistant can have a large influence on client satisfaction. Brokers Sales Assistant Duties Responsibilities This job generally requires the ability to do the following work and meet the following responsibilities Screen telephone calls to financial advisors.Solve operational problems such as issues with statements, deposits, checks, and credit card transactions.Troubleshoot for clients. Registered sales assistants perform these same duties in addition to processing unsolicited trade orders. Theyre typically not permitted to offer investment advice of any sort, however. This job goes well beyond mere clerical duties. Registered brokers sales assistants can be critical to maintaining client rapport and satisfaction, and in easing the workloads of the brokers they work for through organization and record-keeping. This is often an entry-level position to start, but it can rapidly expand due to superior performance. Brokers Sales Assistant Salary Compensation is highly variable depending on the firm and the size and profitability of the financial advisors book of business. Registered sales assistants tend to earn at the higher end of this range. The U.S. Bureau of Labor Statistics (BLS) doesnt cite salary in formation for brokers sales assistants specifically, but it indicates that incomes for brokerage clerks in general in 2018 were Median Annual Salary $51,400 ($24.71/hour)Top 10% Annual Salary More than $76,550 ($36.81/hour)Bottom 10% Annual Salary Less than $34,670 ($16.67/hour) Source U.S. Bureau of Labor Statistics, 2018 In an ongoing drive to cut expenses, many securities brokerage and wealth management firms have moved to a system in which pay for sales assistants is deducted from the financial advisors pay.These assistants are officially employees of the firm, but the firm has effectively relieved itself of much, if not all, of its compensation costs. Education, Training Certification Those looking for careers as brokers sales assistants should ideally have college degrees, and registered assistants are subject to testing requirements. Education This job category was deemed suitable for high school graduates in past years, but a bachelors degree is typically required today . Coursework in finance, accounting, or economics is helpful, although not required.Certification No special certifications are necessary except for registered sales assistants. People in this subcategory can accept and process unsolicited securities trade orders that are placed by clients entirely on their own initiative.Testing At a minimum, registered sales assistants must pass the Series 11 exam offered by FINRA and meet continuing education requirements. Larger securities firms can require much more rigorous qualifications, however, such as passing the same Series 7 and Series 66 exams that are part offinancial advisor certification and training. Brokers Sales Assistant Skills Competencies Those looking for careers as brokers sales assistants should have several qualities and skills for success Interpersonal skills Youll regularly deal with clients and firm personnel. Youll have to interact well with them, sometimes under pressure.Multitasking skills You wont be able to p ut the phone and clients on hold while you take care of other pressing tasks.Discernment This job can involve troubleshooting, knowing when to act and when not to act in the best interests of the firm and clients.Writing skills Youll probably be called upon to convey information to your financial advisor in a clear, concise written form. Job Outlook The U.S. Bureau of Labor Statistics anticipates that job growth for administrative assistants, in general, will drop by about 7% through 2026. This is far below average for all occupations, and the trend is due, at least in part, to technology taking over many of the tasks that assistants have historically performed. This might not be the case with brokers sales assistants, however, because much of their work involves hands-on interaction with clients. The practice of paying assistants from financial advisors pay can have a negative effect on this occupation, however. Its bound to diminish job openings and pay potential for sales as sistants. Only the most successful financial advisors earn enough to take on a sales assistant or to pay a competitive salary. Work Environment This is a desk job for the most part, but sales assistants often are expected to attend events in which clients are being entertained. Work Schedule A40-hour workweek or something close to it is typical for a sales assistant. Nonetheless, there are busy periods when work extends beyond these hours, such as during turbulent markets. How to Get the Job STUDY HARD AND STUDY WELL American Investment Training provides a variety of practice exams to help you ace testing.BE PREPARED FOR YOUR INTERVIEW Job Interview Questions offers a list of interview questions that are likely to be asked when youre seeking a job in this field. Comparing Similar Jobs Some similar jobs and their median annual pay include Financial Clerk $39,570Paralegal $50,940Accounting Clerk $40,240 Source U.S. Bureau of Labor Statistics, 2018
Thursday, November 21, 2019
How to Calculate Your Reenlistment Bonus
How to Calculate Your Reenlistment naturalrabattHow to Calculate Your Reenlistment BonusMany service members are offered a monetary bonus to reenlist. The amount of the bonus is determined by several factors and varies by service. The amounts are periodically modified, as often as quarterly, as are the methods of determining your bonus. Factors generally include the length of active military duty, MOS or specialty and rank. Additional bonuses may be given to personnel in needed specialties. Usually, there is an overall cap on the total number of enlistment bonuses you can receive during your career. Army Reenlistment Selective Reenlistment Bonus (SRB) Announcements are made quarterly in MILPER messages that announce changes in the SRB program. You should read the current message to find the retention incentive being offered. The numbering system for the messages begins with the year, such as MILPER18-006 in 2018. Accessing the current message is the best way to determine your ree nlistment bonus. Bonuses will vary by Primary Military Occupational Specialty (MOS), Skill Qualification Identifier (SQI), Additional Skill Identifier (ASI) or language code (if any). They are also determined by rank (PFC, SPC, SGT, SSG, SFC).All of these factor into which tier of bonus is offered, from getier 1 to Tier 10. The amount is further determined by the length of enlistment extension. This is broken into 12 to 23 months, 24 to 35 months, 36 to 47 months, 48 to 59 months and 60 months or more. The range is from $500 for Tier 1 PFC and SPC enlisting for 12 to 23 months all the way up to $72,000 for a Tier 10 SSG/SFC enlisting for 60 months or more. Additional amounts may be granted for various skills, such as a $7500 additional bonus for language skills, up to an SRB maximum as established. Soldiers may receive more than one SRB throughout their career, but career maximums are also established. Navy Selective Reenlistment Bonus To determine your bonus, visit the current NAVADMIN policy update. Bonuses are based on tier, rating, and NEC/Zone.?? Air Force Selective Reenlistment Bonus The SRB for the Air Force is determined by Air Force specialty code, skill level or CEM code, and zone (length of service) for reenlistments of three years or more. Zone A is between 17 months and 6 years of service, Zone B between 6 and 10 years, Zone C between 10 and 14 years, and Zone E between 18 and 20 years.An Air Force SRB calculator is available to logged-in users at myPers. Marines Selective Reenlistment Bonus The SRB for the Marines is determined by MOS, rating, and zone. The zones are determined by the length of service. Zone A is 17 months to 6 years of active military service, Zone B is six to 10 years of active military service, Zone C is 10 to 14 years of active military service.The current SRB bulletin (such as MCBUL 7220) can be viewed at marines.mil. Coast Guard Selected Reserve (SELRES) Bonuses You may determine your bonus by visiting the c urrent Coast Guard policy update.
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