What is the typical compensation for a Financial Consultant at AXA Advisors? Do you get paid commission as well?

What is the typical compensation for a Financial Consultant at AXA Advisors? Do you get paid commission as well?
2018-08-08T02:10:56Z 1
2018-08-08T02:10:56Z

Financial Consultant at AXA Advisors

about 2 years ago
There are two options for new hires. There is a commission only contract and a salary plus commission package. The salary plus commission package pays $2k per month but your commission is cut in half. The company has minimum sales requirements that can be considered minimum compensation to survive. These are about $12.5k every 6 months. It is difficult to put an expected compensation value out there because it truly does vary. While I was there some people made less than $20k for the year and were forced out of the company. Other first year advisors made over $80k when they had a very large sale. I was in the middle at about $40k for my first year. The key here is that this is a sales job. It can be VERY lucrative if you are a good salesperson and/or have a group of wealthy friends/family/network that can help you make a lot of big sales. It can also be very demoralizing if you fail, but just remember most AXA advisors end up failing. Out of 10 that start only 1 or 2 will end up making it past their 3rd year. This does not mean those that fail are not smart or hardworking, it just means you were unable to make enough sales to stick around. However, if you do make it past your third year, then you can expect compensation over $80k.
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