Financial industry wholesalers got an average pay boost of 10.6% last year, despite the fact that global markets began to unravel during the fourth quarter of 2000, according to a study released today.
The study, conducted by a Vermont executive recruiter called
In addition, wholesalers serving the wire house channel averaged the highest compensation guarantees last year. And wholesalers employed by firms with more than $100 billion in assets got an average 9% to 50% more incentive pay, the study found.
The survey, known as the 2000-2001 Sales Compensation Survey & Analysis, is based on data from more than 200 companies that distribute mutual funds, annuities, retirement services and managed money investment products through financial intermediaries.
