Sunday, July 19, 2009

Bank Sales Manager: 200% of Sales Target

A colleague of mine, from another branch, would every 3 months or so, achieve 200% of the sales target set for the month and earns about $10,000 of commission. Basic is roughly $3,000 plus, so that works out to be about $13,000-$14,000.
That is alot of money. Of course this doesn't happen every month, but once in 3 months with the other 2 months getting about $8,000-$9,000 for the 2 months is not bad at all.
That makes a total of about $20,000-$23,000 for 3 months of work.
Multiply that by 4, you can guess how much this colleague of mine makes in a year, not forgetting some bonuses as well.
Lucrative business, but only for a few. Most bankers make just enough to survive.

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