Personal Financial Consultants

Anyone heard of the term, "Personal Financial Consultant" before? Well, it means differently for different country across the globe. Some work in the bank, some are representative of financial institutions advising clients on their net worth and financial portfolios, some are simple, enough, selling insurance and mutual funds to their clients.

Do you know whats the paylike for those who are interested to become one? Personall, i have been into one of the so-called personal financial consultant shoes before. I was a representative for financial institutions advising clients and prospective customers of their needs and financial plannings.

Do you know?

In Malaysia, an average consultants working in banks makes around RM48,000 a year to RM96,000 a year that include commissions and bonuses during the good times.

In US, New York in particularly, they are making an average of USD131,660/year.

What The Heck?!?!?!?!? OMFG! So huge in the difference! Somemore, we refer ourselves so professionally as consultant. Hahaha! Talk about differences between the nations, economics of scales and difference of pay.

Copied from The Star

New York is the top-paying state for personal financial advisers, with an average salary of $131,660, according to the U.S. Bureau of Labor statistics. Colorado followed, paying an average of $119,590, then Massachusetts, with an average pay of $116,170, according to the 2007 occupational employment survey.

Idaho was the lowest-paying state for financial advisers, paying an average of $50,980. West Virginia, North Dakota, Alaska, Nebraska and Kentucky all follow, paying an average below $60,000 a year for the same job.

So, what do you think? Still thinking about it?

:)