Income potential

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Feb 12, 2009 1:42 pm

I am considering an looking to become a Financial Advisor.  I transitioning from another career.  Can anyone tell me what I can expect for a first year income potiential?  Also, years two and three?

Thank you for your assistance.    ODS

Feb 12, 2009 2:16 pm

Go to work as an employee for Edwards and Jones. You can win a trip (only with your spouse) then come back to your office and get a huge tax bill for more than the trip was worth. You can learn all about Ted Jones and his horses and dogs. 7 funds to sell and marked up junk bonds too.

Feb 12, 2009 8:11 pm

You can expect 45K first year, 25K second year, and an improved unemployment check "thanks Barack" the third!  Good luck!

Feb 12, 2009 10:11 pm

right now most of the new guys can expect 0 income since most of them are getting laid off but in a normal environment when you get a salary for the first year or two you can expect, if you survive,  1yr 50, 2yr 75, 3yr 100k .  Most of the guys i know that survived made about $100k in their 3rd year.  but  remember that about 75% or so are not around in 3 years.

Feb 12, 2009 10:32 pm

ODS Bradley - Go for broke(r)! Join the big green machine. Get a nice salary and a bonus for passing your licensing exam and then watch your savings dwindle as you "invest in your business"

Feb 12, 2009 10:37 pm

unless you are highly motivated and dedicated person who can work between 80 t 90 hours a week for next 3 to 5 years   dont do it.   

Feb 12, 2009 10:39 pm

really?  maybe 1 out 15 would have those numbers even in a good market.