What is the salary of a wealth manager?

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The amount of the salary varies depending on the structure in which the manager works and on his status. The self-employed and the employee are not paid in the same way. The income of the self-employed is variable, depending on his turnover, while that of the employee will receive a fixed monthly income. The remuneration of a manager working in liberal status is variable, in the form of a commission taken from each investment: between 2 and 5% of the amounts invested. The remuneration ranges can therefore be very wide.

Banking institutions mint database have different salary policies depending on the weighting they apply between fixed, individual variable and collective variable. In private banks, the average monthly salary is 3,670 gross with a starting salary for a young beginner of 2,500 € gross monthly. An advisor with 10 years of experience will be able to claim a monthly salary of around 6,000 € gross.

Training to work in wealth management
Working in wealth management requires knowledge of the financial sector and legal skills. The manager's job description specifies that marketing or negotiation skills are required. Higher education is recommended to become a wealth management advisor, at Bac+5 level . However, different training courses, from BTS to specialized Master's, are available:

BTS in Wealth Management (Bac +2)
Bachelor's degree, professional license in wealth management, Bachelor's degree in wealth management (Bac +3)
The Bachelor in Wealth Management is completed in 3 years after obtaining the baccalaureate or in 1 year after parallel admission following a Bac+2. The program is composed of courses in economics, finance, law and communication.

For schools that offer the course in one year, you must have a BTS in Insurance or Real Estate Professions or a BTS in Banking.

Master or MBA in Wealth Management (Bac+5)
Specialized Master in Wealth Management (Bac+6)
If you are already working, if you have knowledge in management, commerce or the business world, you can also train in wealth management, if you are considering it. The distance learning MBA in wealth management (Master of business administration) is aimed at professionals wishing to deepen their knowledge or reorient their career.