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Originally Posted by Unregistered
Not surprising. I have always suspected as much.
Same thing with property agents as well - lots of them claim to be in a "million dollar club" which implies to layman they are making 7 figure income. Truth is you only need a million dollar worth of transactions a year to qualify, that means someone who gets $50k in typical commission income in a year can qualify to be a "million dollar club" elite. Typical sales hype.
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This reminds me of a thread that I contributed before. Thank you for your sister's info. Okay, then can we conclude on these numbers? Say top 15 percentile earners in each of these categories:
1. Citigold: S$120k.
2. Citi Private Client: S$180k.
3. Citi Private Banking: S$250k.
Is that more accurate? I know it's sales based and commissions. So as stated, we're discussing top 15 percentile.