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how is the trainee rubbish renumeration like? how long does it take to rise from trainee to broker? |
bump this thread!
Anyway, is it better to enter the big 5 first or get exposure from smaller, private owned shipbroking shops? How long to rise from trainee to mid-level? and whats the average pay in big 5? thanks in advance. |
shipbroker
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only charterers or shipowners with no brains will use broker with no brains. this apply to this author who wrote this statement. but to be fair to the author, since he say he work in a commodity house, he is facing those freight future brokers (who are different category). shipbroking is a highly skilled job that need the technical know how. there are so many terminology to know and negotiating terms on the contract etc... to progress from a trainee to full pledge broker - normally take about 2 years. but importantly is to have your first customer. work hours can be from 8am to 8pm or anything upto 2am |
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what are the shipping broking firms in sg?
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Basic salary can be between 3-10k per month (depending on rank). Bonuses, depends on how much you bring in for the brokerage. Unwritten rule is 1/3 of the commission you bring into the co is yours. So actually, earning 100-300k in bonuses when you have less than 5 years experience is normal. Qualities to excel: very hardworking (most brokers I know, will still turn up at 830 for work looking fresh like they didn't get drunk the night before), PR skills is very important, initiative, good time management. Good shipbrokers are generally very smart (street + book) as well. They read widely, listen/read news every day and have a good general knowledge of the industry and non-related stuff as well. This is so that you can carry out decent conversions with your clients and it gains their trust. Such shipbrokers usually rack in about 500k onwards in bonuses alone. Don't think there is any ranking for brokerages as after all, shipbroking is a very "me" profession. You will do well as long as you are smart and willing to work hard. Oh by the way, I am female and I earn a 6 figure salary annually. I can assure you that staying "pure" in the job is not difficult as long as you are not tempted. |
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If one gets too "old" for the wheeling and dealing, where then do they progress to? And on a personal note, are you married? Do you have time to go on dates, raise a family? |
Hi
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Give up anyway |
hi, how high is the 6 figure salary you are talking about? isnt it tough as a female?
also, would you have any knowledge on oil brokering? can i assume its along the same lines in terms of entertainment? Thank you |
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