because they are "low grade" front office personnels where any tom, dick or harry can join. Most people who join are those that cannot make it to the "mainstream" front office like investment banker or traders. They are mostly from non-finance background, ex-model, ex-air-stewardess, ex-actor/actress etc, non cream of the crowd nor from prestigious Uni, non-degree holder also can. these are taking around 4k basic plus commission structure compared to say 10k basic for those mainstream. However, that does not mean they cannot earn, just like property agents (equally low barriers) who can earn big bucks, still some of them making it to 300 to 500k per annum but these are mostly old timers. For newbies, it is not likely as all good port had been taken and to play a price war in sales for the newly sophisticated rich is not easy. For the above, you do not need networking, good academic, nor relevant experience, just be presentable and apply local banks and you should get one