What if you could grow your own wealth while managing others? Besides providing needed financial advice, the potential of earning a lucrative financial advisor salary and benefits are what drives some to join this highly rewarding industry.

 

What is a typical Financial Advisor salary?

 

Compared to a regular 9-to-5 job, there is no limit to how much you can earn as a financial advisor. Your salary is often commission-based and depends on how hard you work. 

 

For those starting out, there may be additional allowances for new advisors when they join the team. Advisors can also earn bonuses for various products sold to boost their earnings. 

According to Indeed Singapore, an average Financial Advisor salary is around $4,366 per month BUT if you take in the fact that Financial advisors work significantly less hours in a month that is a very high hourly rate. Example taking $4,366 / 30 hour work week equates to $33 per hour. However, this amount can vary with advisors earning anywhere upwards in the range of $16,000 to $40,000 per month. Looking at World Salaries the average salary for a financial advisor in singapore is between $126,000 – $192,000 annually putting them in one of the best paid entry level careers. 

 

Benefits of Being a Financial Advisor

 

Flexible hours

As a financial advisor, you can schedule your own working hours around your appointments and meetings. This can give you flexibility in planning your schedule, with more time for learning, leisure activities and your family. 

 

Work for yourself

Being a financial advisor allows you to be self-employed, plan your own schedule and work on your own within a regulated industry. When you are working for yourself, you are able to take charge of your career, work-life balance and income earning capacity. 

 

Access to the latest financial knowledge, products and trends

With ongoing company training, seminars with product providers and Continuing Professional Development hours, this access to information helps you stay on top of trends in the market, learn about new products and gain a greater understanding of the financial world.

 

Make new connections

If you love to meet people, being a financial advisor can open doors to widen your personal network. Not only do you get to work in teams, but you can also make new connections for friendships, partnerships and professional opportunities in the future.

 

To find out if being a financial advisor is the right career for you, you can also check out the 5 Essential Skills for a Financial Advisor Career that you should have.