FNS40821

FNS40821 Salary Outcomes

Explore earning potential and career progression as a qualified mortgage broker in Australia

Entry Level
$50K-$65K

First 1-2 years in the industry

Experienced
$70K-$95K

3-5 years experience

Senior/Principal
$100K-$150K+

5+ years, established client base

Salary Breakdown by Role
Mortgage Broker (Self-Employed)$60K - $150K+

Commission-based, varies by volume

Finance Broker$65K - $110K

Base + commission structure

Loan Officer$55K - $85K

Salary + performance bonuses

Credit Representative$50K - $75K

Entry to mid-level position

Senior Mortgage Broker$90K - $150K+

Established client portfolio

Broking Business Owner$120K - $250K+

Includes business profits

Factors Affecting Salary
  • Commission structure (typically 0.5-0.7% of loan value)
  • Client volume and loan settlement rates
  • Geographic location (metro vs regional)
  • Aggregator or franchise affiliation
  • Trail commissions from existing loan book
  • Specialization (e.g., commercial, SMSF lending)
  • Years of experience and industry reputation
  • Business ownership vs employed broker