The process of recruitment for a Financial advisor in Canada isn’t the same as that for other professions in the United States. This is because each designation requires different educational requirements. The Canadian Securities Course exam is one of the most difficult and requires around 100 hours of preparation. However, if you’re willing to devote the time to study, the process will be well worth it. The salary ranges from $80,000 to $120,000.
The pay for a Financial advisor in Canada is quite high. It starts with a base salary of $48,000 and continues for the next decade. Often, the base salary is paid twice a month or bi-weekly. A monthly salary of $48,000 is considered to be a good deal. This means that you’ll be receiving almost $4000 in pre-tax income each month. Many big financial institutions initially pay the salary to new advisors but remove the payment as soon as you’ve established a client base.
A salary for a Financial advisor is determined by the specialty and experience. Most of these professionals will have an academic background in commerce, business, or economics. Other requirements will vary depending on the specialty. For example, if you’re planning to sell securities, you’ll have to pass the Canadian Securities Course. Typically, a starting financial advisor will earn a base salary of $48,000 and will work for one to three years.
When it comes to compensation, financial advisors earn a base salary. This is a fixed monthly or bi-weekly income. A base salary of $48,000 means that you’ll receive around $4000 a month in pre-tax income. Many big financial institutions will pay this salary as you start your career, but they often remove it once you’ve established a client base. For this reason, it’s wise to get a good deal on your financial adviser training before you begin your new career.
A basic salary is a key requirement for becoming a financial advisor. While a base salary is the most common income for financial advisors, you’ll also need to complete certification courses and register with a regulatory body. In Canada, you must be able to obtain a license to sell securities and to earn at least $48,000 per year. The base salary is a great starting salary, but you should be sure to check with your province to see what it entails.
In Canada, there are a number of requirements for a financial advisor. These include the requirement to register with a regulatory body and take training courses. Moreover, you’ll also need to register with a regulatory body. If you have the proper education and training, you can earn decent money as a financial adviser. By adding commissions, fees, and bonuses, you can build up a strong client base.
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