btw VS, just completed 2 years as a broker a few weeks ago, and I guess I’ll update the salary question bc that’s usually what everyone wants to see. I went from 45k the first year, to 55k the second year, to 75k into my current contract, not including bonuses. Currently in discussion with a few other shops/principals offering about 90k if I stay in the country I am in, and close to $120,000 if I go abroad. If I can get a handle on this, anyone can.
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Many thanks update. Not sure where you are and what currency you are using but either way whether it is USD, Euro, Pounds or Sing not a bad progression and a nice wage for someone in the game for 2 years..
Keep me updated - you are a legend!
VS
Was referring to USD. I know of 3yr exp guys making 120k in the country I'm in, but I also know of 3yr exp guys making 55k. All depends how good you are and what shop you're with.
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ReplyDeleteHi VS!
ReplyDeletei discovered your blog a few days ago and i love it! i found it helpful and funny.
i am a naval architecture and marine engineering student in turkey(ITU). i want to be a shipbroker so now i am working as an intern in a shipping company to see how these companies working. they taught me chartering terms, demmurage/dispatch calculations and showed me their old recaps and they let me to fallow their negotiations but i know it is not enuogh.
firstly do you think i need a master program to become shipbroker? can i start working as a trainee in a large ship brokerage firm after my graduation? do they hire engineers as trainee?[an engineer from turkey :( ]
secondly what should i do after my graduation? i can go abroad for masters programmes. which program i should take and which school i should prefer?
Best regards
Orun
Hello Orun
DeleteSounds like you should stay at the shipping company you are interning at!