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Friday, June 5, 2009

Shipbroker pay stable

This is the headline in this weeks 'Tradewinds' Magazine (4th June)

Brief points of the article

  • Bonus's have taken a hit but the overall salary outlook for brokers is looking rosy
  • Recruitment specialists 'Fast-Stream' state that average pay for broker is now around the USD 128,000 mark
  • Those brokers with 10-15 years experiece seem to be in th most demand.
  • Junior broker salaries are under a little more pressure
  • "there has not been a huge wave of layoffs as have been experienced in the financial sector".
  • Freight Derivative broker salaries have taken a hit.
  • Continues to be good demand for brokers in Houston.
  • The Singapore market is starting to 'Mature' after 4 years of steady emplyment growth. Expats are reluctant to leave Singapore due to low income tax , good schooling and excellent entertainment / lifestyle factors

Yours
VS

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