average yacht salesman salary

How Much Do Yacht Brokers Make? (Helpful Examples)

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Yacht brokers can be a great help when you are looking to buy or sell a yacht.

It’s always nice to know exactly how much they typically make from the sale. This way you can (often) negotiate a better deal and make sure you are not being ripped off!

How Much Do Yacht Brokers Make? The base salary for a yacht broker is typically between $15,000-$30,000. On top of that, a yacht broker typically earns around 10% commission on the sale value depending on the size of the vessel.

Here are the salary and commissions yacht brokers typically make from a sale.

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average yacht salesman salary

How Much Do Yacht Brokers Make in Salary?

Depending on who they work for, a yacht broker might make a base salary and commissions on top of that.

If a company is paying a base salary, they are not likely to pay as high of a commission as you would get in a commission only position.

Yacht broker base salaries could range from around $15,000 to around $30,000.

This is not a large amount of money, which is why yacht brokers rely heavily on commission to make their money.

Oftentimes, yacht brokers do not get a base salary and will work solely on commission.

How Much Do Yacht Brokers Make in Commissions?

Because yacht brokers work mainly on commission, you will want to ensure that you have sales skills before you try to make a living as a yacht broker.

Like the real estate industry, yacht brokers usually get the commission paid to them by the seller involved in the transaction.

There are two ways that commission can be calculated, either using a net number or a percentage.

Net Commission Levels:

A net number is when the commission is a set number negotiated with a seller. This means that no matter the price received for the boat, the yacht broker will get paid the amount agreed upon.

There are some pros and cons to this method.

If you have a set commission then you know what you are making up front. This can be ideal if you like having security in your commission.

This also means that if the boat sells for less than you anticipated, your commission will still be what was originally agreed upon instead of decreasing with a low sale.

This also means that unfortunately if you sell the boat for higher than anticipated, your commission will not be increased to reflect the sale amount.

If you are the seller, the pros and cons of using a net commission are reversed. If you sell the boat for a lower amount, you will have to pay more in commission than you might have with a percentage, but if you sell the boat for more than anticipated you will profit more from the sale with a lower commission.

An example of a net yacht commission might be:

  • If the yacht does sell for $500,000.00 you would make 10% on the sale.
  • If the yacht sells for less, such as $450,000.00 you would make 11% commission.
  • If the yacht sells for more, such as $550,000.00 you will only make 9% commission.

Percentage Commission Levels:

A percentage commission is where you get a certain percentage of the sales price of the yacht. This means that your commission will change based on how much you are able to get for the boat.

The downside to this is that your commission is based entirely on how well you do with the sale. If you do not sell the boat for as much as you anticipated, you will make less money.

However, if you end up selling the boat for more than anticipated you will make more.

The majority of yacht transactions use a percentage commission structure. The percentage is often agreed upon between the seller and the broker in advance.

The most common commission for a yacht broker is 10% of the sales price. This is not a number that is set in stone.

An example of a standard commission sale would be:

If you have a yacht that you would like to sell for $500,000 and you have agreed upon a 10% commission your profits could vary:

  • If the yacht does sell for $500,000.00 you would make $50,000.00 on the sale.
  • If the yacht sells for less, such as $450,000.00 you will only make $45,000.00 from the commission.
  • If the yacht sells for more, such as $550,000.00 you would make $55,000.00 from the commission.

Some brokers may offer a lower commission option to bring in sales and stay competitive. These could be between 3%-5%.

One downfall to a lower commission is that it discourages brokers who might have potential buyers. This is because usually, the buying and selling broker split the commission. If a buying broker can show their clients a yacht that would get them a higher commission, they are more likely to do so.

Commission Splitting Levels:

Commissions are typically paid by the seller of the yacht. If the transaction involves two brokers, they often split the commission 50/50.

An example of a split commission could be:

If you have a yacht that you would like to sell for $500,000 and you have agreed upon a 10% commission and there are two brokers the transaction would vary.

  • If the yacht does sell for $500,000.00 you and the other broker would make $25,000.00 on the sale.
  • If the yacht sells for less, such as $450,000.00 you and the other broker would each make $22,500.00 from the commission.
  • If the yacht sells for more, such as $550,000.00 you and the other broker would make $27,500.00 from the commission.

This means that the buyer does not pay commission to their agent and that it comes out of the commission paid to the selling agent.

If a deal is negotiated beforehand it is possible that the commission is split differently. Local brokers that work together often might have a deal set that splits commission 70/30 with 70% going to the selling broker.

You may also have to split commission if you work for a brokerage company or dealership. Brokerage companies or dealerships will likely only give you a percentage of the commission earned.

This amount can range from 30% to 70% of the collected brokerage amount. This number could be affected by base salary and other factors depending on what company you work for.

An example of a commission when working for a brokerage company or dealership might be:

If you have a yacht that you would like to sell for $500,000 and your contract states that you get 70% of the commission per yacht that you sell.

  • If the yacht does sell for $500,000.00 the commission would be $50,000.00. You would get $35,000.00 and your company would get $15,000.00.
  • If the yacht sells for less, such as $450,000.00 the commission would only be $45,000.00. You would get $31,500.00 and your company would get $13,500.00.
  • If the yacht sells for more, such as $550,000.00 the commission would total $55,000.00. You would get $38,500.00 and your company would get $16,500.00.

Even though you make less commission, working for a company is a great way to start your client base. Most people would rather go to a trusted company or dealership than someone working out on their own.

How Do I Become a Yacht Broker?

If this job seems ideal for you, there are some steps that you need to take before you can become a yacht broker.

One way to become more attractive as a yacht broker is to get a degree in marketing or sales. This degree is not required, but a lot of companies will look at candidates who have a higher level of education and some knowledge in these fields.

You will also be more likely to get a job as a yacht broker if you have sales experience.

If you do not have sales experience you should look for entry-level positions that will put you through a training course.

If you cannot find a position in yacht sales, having experience selling other high ticket items, such as cars, will help to show future employers that you have a proven sales record.

In some states, you might be required to obtain a brokerage license. You might also be required to pass a background check before being able to obtain this license.

If you do not need a license, you might benefit from getting certified. Organizations such as Yacht Brokers Association of America can certify you after 3 years of experience. This will help raise your credibility to employers and potential customers.

Overall, with salary and commissions, as a yacht broker, you could make an average of $121,000 per year. This depends highly on location and type of yachts sold. Some yacht brokers even make closer to $300,000.00 per year.

Yacht brokers should be sales motivated and thrive in an unconditional work environment. They do not spend the majority of their time behind a desk. Being a yacht broker can be challenging and highly rewarding!

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Yacht Broker Salary: How Much Does a Yacht Broker Make?

yacht broker salary

In the wonderful and often luxurious world of yacht ownership, brokers have managed to make a handsome living off of the sales that happen within the industry. These guys facilitate the purchase and sale of yachts, helping with negotiations, inspections, and deliveries to ensure a successful transaction.

And because it’s really no secret how expensive a yacht can be, lots of people assume that yacht brokers make big bucks. But do they? If you’re curious whether you should dip your feet into the cut-throat yacht dealership industry, here’s a sneak peak of what you might own as yacht broker salary.

How Much Does a Yacht Broker Make on Average?

Remember that brokers make money depending on their sales. That is, the more they sell, the more they make. However market studies have found that most yacht brokers will make up to $120,000 a year , especially if they work with high end clients that deal with expensive yacht models.

But although it is possible to make over a hundred grand in a year, it’s not too common. The average salary for a yacht broker actually rests at just under $70,000 a year. That puts them at a weekly salary of about $1,300 to $1,400.

How Much Does a Yacht Broker Make on Commissions?

It’s not easy to find a yacht buyer or seller, and it’s even harder to go through the technicalities of the sale including negotiations. So by stepping in and taking responsibility for the nitty gritty, brokers earn a commission for doing the legwork while the seller enjoys the profits.

The commission percentage itself is not set in stone. Usually, the broker and the seller will decide the size of their cut before the sale happens. The typical commission will see the broker earning around 10% of the sale price . But again, it’s not all that simple.

For starters, there’s what they call ‘net commission’. This simply means that the broker will earn a fixed amount, regardless of whether negotiations change the price of the yacht. For instance, if they’re promised $20,000 in net commissions, they’ll earn exactly that whether or not the yacht sells for its original estimate.

This can be a good deal in case the yacht’s value decreases during appraisal and negotiations. However in the scenario that the yacht sells for more than the original estimate, the broker is left with a fixed commission that will not increase along with the sale price.

They also have the option to go with a percentage commission. As its name suggests, the percentage commission earns you a fixed percentage of the sale price. That is, a yacht that sells for $150,000 will provide the broker with the agreed percentage commission prior to making the sale.

If the seller agreed to a 10% commission, that earns the broker $15,000. In cases when it’s anticipated that the yacht might sell for more than the original estimate, this can be a good deal. But in the event that the watercraft sells for less than the estimate, the broker’s commission also takes a hit.

What are Split Commissions?

how much does a yacht broker make

Remember that there are two kinds of brokers - the ones hired by the sellers, and the ones hired by the buyers. Obviously, this can complicate the whole commission picture since there are two brokers in the picture.

The listing broker is the guy who helps the seller find a buyer. The selling broker is the one who tries to look for a yacht for sale so his buyer can seal the deal. Most of the time, these guys will take part in a single deal. So what happens to their commission?

Simple -- they split it 50-50. So if the seller decides on a percentage commission at 10%, the brokers will not receive 10% each. Instead, they go halfsies on the 10% commission, which essentially means that they get 5% each.

When Do Yacht Brokers Get Paid?

Sellers don’t want to shell out their money on expensive commissions when they haven’t guaranteed a sale yet. So it’s only fitting that yacht brokers get paid only when the sale has been successfully completed. That means that the buyer should have paid the amount in full before any commission is tendered.

Keep in mind that the yacht industry is for high rollers only. So it’s really uncommon for buyers to take out a loan to pay for their yacht. Most of these buyers pay for their yachts out of their own pockets. That means sellers can get the full amount they expect within a few days or weeks of shaking hands on a deal.

How Much Do Yacht Charter Brokers Make?

There are people who own yachts or super yachts , but don’t really intend to use them for personal enjoyment. These individuals use their yacht as an investment, renting it out to private individuals or companies who want to charter their yacht with a crew .

A yacht charter broker is the guy who helps owners and renters find each other and strike a deal. Keep in mind though that this is a completely separate job from that of a yacht broker . But some brokerage companies will have brokers who perform both roles.

Most of the time, those who work as yacht charter brokers have the potential to earn more since they’re dealing with massive super yachts that can be rented out multiple times in a year, versus a single yacht sale that sort of closes any potential to earn again off of the same watercraft.

What Are the Highest Paying Cities for Yacht Brokers?

Needless to say, not all locations offer reasonable returns for yacht brokers. So if you were hoping to maximize the gains of your efforts, you might want to consider moving to one of these cities that pay the highest for yacht broker services:

  • San Jose, California
  • Oakland, California
  • Tanaina, Arkansas
  • Wasilla, Arkansas
  • Hayward, California
  • Jackson, Wyoming
  • Norwalk, Connecticut
  • Seattle, Washington
  • Vallejo, California
  • Concord, California

If money was no object and you don’t really mind leaving behind the life you know and love, then you might want to consider places like the French Riviera, the Greek Islands, or Costa Smeralda, Italy. These places have become exceedingly popular for their lively yachting industry that also makes a great place for a broker hoping to earn a pretty penny off of a sale.

Tips on Becoming a Yacht Broker

Maybe the potential for earning big bucks has you feeling keen on making that career change. But before you decide on actually becoming a yacht broker, there are a few things you might want to take into account to guarantee your success. Here are a few tips on becoming a yacht broker to increase your chances of snagging those sales:

If you’re not familiar with yachts already, now would be the perfect time to brush up on your knowledge. You would expect a car salesman to know what he’s talking about, down to the very last detail of each model and brand of car that he deals with. So the same goes for a yacht broker.

Read up on the different yacht models and brands, and try to find out what each of their selling points might be. If you can, try to see each boat in person to get a better feel of how it performs, and what it might lack that could affect the buyer’s decision.

Look for Certification

Not all states require certification or licenses for yacht brokers, but that doesn’t mean you shouldn’t get one. Those who have these certificates under their belt are in a better position to earn bigger bucks since sellers and buyers feel more comfortable dealing with someone who knows the ropes -- and has the paperwork to prove it.

The Certified Professional Yacht Broker certification isn’t required in any state, but provides aspiring yacht brokers a wealth of knowledge that they can use to provide polished professional assistance to those who might need their services.

Work with Another Broker

Most of those who wiggle their way into the industry first work as an apprentice for another yacht broker. Hanging around someone who has the contacts and the experience should put you at an advantage of learning the ins and outs much faster and more efficiently.

In fact, most people might have to work with another broker for several years before being able to stand on their own two feet. This can also be especially helpful for those who might not have any experience in sales, since the exposure provides much needed understanding on the specifics of negotiations and persuasion.

Get Ready with Your Sales Talk

A yacht broker salary can definitely lure in anyone looking to earn big bucks. But more than just the pay, simply working with the sale of such luxurious watercrafts can make you feel like you’re living the high life alongside those celebrities and public figures that you work for.

No doubt, the yacht broker life can be pretty opulent. And while there might be a bit of a struggle at the start, there’s a whole lot of potential for those who play their cards right and learn what they can from the veterans in the business.

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average yacht salesman salary

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How Much Do Yacht Salesman Make

Do you ever wonder how much those smooth-talking yacht salesmen really make? Well, get ready to set sail on a journey of financial discovery.

In this article, we’ll delve into the world of yacht sales and uncover the average salary, factors that impact earnings, and even reveal who the top earners are.

So grab your captain’s hat and prepare to navigate through the intricate waters of yacht salesman earnings.

Key Takeaways

  • Average annual income for yacht salesmen is around $75,000 to $100,000, with the potential for higher earnings compared to other sales jobs in the marine industry.
  • Factors such as experience, location, and commission structure impact yacht salesmen’s earnings.
  • Building experience and selling high-value yachts in a booming market maximize earnings for yacht salesmen.
  • Yacht salesmen earn a base salary plus commission, with commission rates typically ranging from 5% to 10% of the sale price.

Average Yacht Salesman Salary

You might be wondering how much you can earn as a yacht salesman. The job outlook for yacht salesmen is promising, with a growing demand for luxury yachts.

In terms of salary, the average annual income for yacht salesmen is around $75,000 to $100,000. However, it’s important to note that this figure can vary depending on factors such as experience, location, and commission structure.

Compared to other sales jobs in the marine industry, being a yacht salesman offers potential for higher earnings due to the high value of yachts being sold.

Factors Affecting Yacht Salesman Earnings

Factors affecting yacht salesmen’s earnings include their level of experience, the size and value of the yachts they sell, and market demand. Yacht salesman commission rates vary depending on these factors.

Experienced salesmen who sell larger and more expensive yachts have the potential to earn higher commissions. However, market demand plays a crucial role in determining overall earnings.

The job outlook for yacht salesmen is influenced by economic conditions and consumer preferences for luxury items like yachts.

Top Earning Yacht Salesman

To maximize your earnings as a yacht salesman, focus on building experience and selling high-value yachts in a booming market.

Stay informed about the luxury yacht market trends and familiarize yourself with the top yacht brands.

Position yourself as an expert in the industry, offering personalized service to potential buyers.

Commission Structure for Yacht Salesman

When selling yachts, it’s important to understand the commission structure and how it can impact your earnings.

Yacht salesman earnings are typically based on a percentage of the sale price, commonly ranging from 5% to 10%. The exact commission rate may vary depending on factors such as the type of yacht, market conditions, and negotiation skills.

Higher-priced yachts generally offer higher commission rates. Being aware of these commission rates is crucial for yacht salesmen in order to accurately estimate their potential earnings.

Yacht Salesman Salary Vs. Industry Average

Understanding the yacht salesman salary in comparison to the industry average can provide valuable insights into earnings potential. When looking at yacht salesman income statistics, it is important to consider factors such as experience, location, and sales performance.

On average, yacht salesmen earn a base salary plus commission. The commission structure varies depending on the dealership and can range from 10% to 20% of the total sale price. However, top-performing yacht salesmen have been known to earn six-figure incomes through their commissions alone.

Opportunities for Growth in Yacht Sales

Experienced yacht salesmen can significantly increase their earnings potential through opportunities for growth in the industry. These opportunities include:

Career Advancement: As you gain experience and knowledge in yacht sales, you can move up the ladder to higher positions, such as sales manager or director of sales.

Networking Opportunities: Attending industry events, boat shows, and conferences allows you to connect with potential clients, build relationships with industry professionals, and expand your network.

Training and Education: Continued learning through courses and certifications can enhance your skills and make you more competitive in the market.

Tips for Maximizing Yacht Salesman Earnings

When it comes to maximizing your earnings as a yacht salesman, there are a few key tips to keep in mind.

First, mastering the art of handling objections is crucial. By addressing any concerns or hesitations that potential clients may have, you can increase your chances of closing a sale.

Additionally, building strong client relationships is essential for repeat business and referrals. Maintaining open communication and providing excellent customer service will go a long way in boosting your earnings.

In conclusion, if you aspire to be a yacht salesman, the potential for impressive earnings awaits. The commission structure allows for lucrative opportunities, and by strategically maximizing sales and continuously expanding your client base, you can sail towards financial success. With factors like experience, location, and negotiation skills influencing your income, becoming the top earner in this industry is within reach.

So set sail on your yacht-selling journey and watch your earnings soar!

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Yacht Sales average salary in the USA, 2024

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How much does a Yacht Sales make in USA?

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Average Boat Salesman Salary

The average salary for a Boat Salesman is $15,500 in 2024

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Increasing your pay as a Boat Salesman is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Boat Salesman that oversees more junior Boat Salesmen, this experience can increase the likelihood to earn more.

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How Much Does a Yacht Captain Make?

The salary of a yacht captain is based on tenure, experience and licensing

Captains of luxury yachts command a base salary well into six figures. Dependent on the length of the vessel, tenure of experience, and level of licensing yacht captain salaries range from $48,000 to over $300,000.

As the length of yachts increases, the complexity of the position of captain escalates. Although the job of yacht captain is often portrayed as one of luxury and leisure, it is a career choice of vast responsibility. While the exact details of a job description vary from program to program, the captain is the CEO of a small corporation. He/she reports to the Chairman of the Board - the yacht owner.

The Luxury Yacht Group webpage presents salary guidelines. Variation within the ranges reflect license level, experience and longevity of the captain 1 .

Additional parts of the salary package include bonuses, health insurance, flight expenses, paid vacation, training and certification cost reimbursement, and uniforms. Because the position requires residency aboard the vessel 24/7 all food and sundries are routinely supplied to crew. If the yacht is available for charter, the captain will also earn tips from charter guests. The industry is unique and each vessel in it has individual programs.

An average mega yacht with 12 crew has operating expenses between four and ten million dollars. The budget is based on where the yacht is moored, whether it is available for charter, and its travel destinations. On some yachts, a management company or a part of the owner’s business network handles accounting and makes financial decisions. On other yachts, the captain manages all aspects of the budget, chooses what charters to take and where to station the boat between charters, when and where to have yard work, and all personnel decisions.

A basic list of captain job responsibilities includes:

  • Ultimate safety for passengers, crew, environment & vessel
  • Achieving owner’s objectives?
  • Crew hiring and dismissal?
  • Personnel management?
  • Shipyard/project management?
  • Legal and regulatory compliance?
  • Navigation?

Ultimate safety

The Captain holds the life of all aboard in his hands. He is also held accountable for the yacht itself and the environment. He must understand the mechanics of the boat, all electronic tools aboard, international regulatory requirements, and rules of the flag state.

Achieving owner’s objectives

Owner objectives are broad ranging. The captain is the mouthpiece for the interests of the owner. He holds the responsibility to reach outcomes which benefit the owner. The owner may simply require the captain to provide luxury service when he (she) is aboard. Some owners regularly use the vessel with family and guests, others may be aboard only occasionally. Charter periods for the vessel also factor into the objectives of the owner.

Crew hiring and dismissal

The requirements of the Marine Labor Convention (MLC) for contracting, dismissing, and managing are explicit and require strict adherence. Throughout any hiring or dismissal, the safety of the vessel and owner as well as issues of confidentiality must be assured by the captain. Identifying the best employees for the program involve a balance of certification, experience and personality.

Personnel management

Managing between 12 and 40 regular crew members aboard a mega/superyacht, day workers and seasonal hires is routine. From dive master, to stewardess, chef, and ETO, the captain must have a working knowledge of the positions and set expectations for performance. In a multi-cultural environment (both guests and crew), the example the captain sets for work ethic, responsibility, and communication optimizes yacht operations. The challenge is complicated by the close quarters of crew accommodations and the group working/living together 24/7.

Shipyard/project management

The Captain oversees issues of time and costs for routine maintenance and vessel upgrades. Knowledge of register and flag requirements are tools the captain uses to define the project, obtain quotes, and supervise the work.

Legal and regulatory

The maritime industry is dynamic. In addition to the flag state and regulatory requirements mentioned above, the captain must remain current with all Maritime Guidance Notices (MGN), Maritime Information Notes (MIN), amendments to all international marine safety codes, and product notices. A knowledge of the global differences in regulations, enforcement agencies and regional mores is critical.

Each vessel has a different business model. At a minimum, the captain is responsible for budget oversight and financial record keeping. If the owner engages a management company, the captain is the interface between the yacht and that organization.

The classic definition of a captain’s job is that of a navigator. Safely plotting a course, following the course, docking and departing from berths are all fundamental vessel handling skills. A seasoned captain has personal familiarity of cruising geographies. Despite the importance and skills required, a small percentage of a captain’s time is dedicated to task.

How does that list of responsibilities distill into the profile of a captain? It takes decades of training, hours logged, certification, and experience to reach the level of performance required to captain a mega/super yacht. In addition to each of those quantifiable requirements, elements of character and temperament differentiate captains.

  • Calm and charismatic personality?
  • Superior leadership, communication, management and diplomacy skills?
  • Excellent boat handling and navigational skills?
  • Excellent ISM and ISPS knowledge and practices?
  • Excellent maintenance, engineering and technical / troubleshooting experience?
  • Ability to remain calm and give directions in an emergency situation?
  • Organized and methodical?
  • Financial management, business acumen, management skills?
  • Languages and cultural sensitivity
  • Extensive maritime licensing

Leadership of the crew involves training, coaching and refereeing. When a captain steps into the position of leadership on a large vessel, it is understood that he has ten years (minimum) of increasing responsibility. Training and education were used during that decade to resolve situations without damage to vessel, harm of the environment, or human injury.

As manager and protector of the owner’s investment, the captain negotiates for goods and services. When issues arise, it is the captain who develops options and makes recommendations. Using the comparison to a traditional business, the CEO (captain) and the President of the Board (owner) interface on strategic decisions.

The mega yacht captain is more than just an asset manager. The captain implements owner preferences in order to assure him the best yachting experience. Once an owner has determined the style of yacht he wants to own - how, when, where they want to use vessel - costs of operating and budget generalities are defined. The ultimate goal of captain and crew is the happiness of the owner(s) and their guests. Crew is the primary factor in the owner/guest experience and in a successful program. The captain fully understands and manages the limitations of vessel and crew.

As vessels increased in length, machinery and electronics increased in complexity. In parallel with those changes, regulatory agencies and flag states requirements escalated. The requirements of International Safety Management Code (ISM) and International Ship and Port Security Code (ISPS) reflect the challenges of operating a mega yacht. The captain holds responsibility for implementing all requirements aboard and remaining current with the changes made to respond to new issues within the industry.

During the last decade, the number of superyacht hulls nearly doubled. Based on the 2010 Global Order Book, the superyacht industry managed to grow even during the financial crisis of 2008. The Knight Frank Wealth Report (2016) for the decade concluded that the wealth required to maintain a yacht appears impervious to economic cycles. It does project a slight worldwide slowing of the number of ultra-high-networth individuals during the upcoming decade.

How does that economic data translate into job opportunity for yacht captains who have followed the established career path? How resilient is the opportunity during periods like the global downturn experienced in 2008?

Marcy Laturno, Director of Crew Placement & Charter Specialist at Luxury Yacht Group answered:

A long-term mega yacht captain added:

Securing a position as captain aboard mega and super yachts is competitive. Although new builds are released every year, each year there are additional individuals who have established professional credentialing and adequate experience aboard. Professional captains seek positions where they can assemble a stable crew, build longevity and establish a relationship with the yacht owner.

The position of mega/super yacht captain commands a salary which reflects the level of responsibility and the years of personal and professional development. A relatively small number of positions creates a competitive job market where longevity and experience are rewarded.

  • Luxury Yacht Group website

Engineering License Changes

Engineering License Changes

The MCA has restructured the engineering certifications. The MEOL course has been done away with, and the AEC course made mandatory and more thorough. Luxury Yacht Group explains all these changes, what engineers progressing through the ranks can do now, and how Y ticket holders can convert their licenses over to the structure.

14 Mar 2018

A Day in the life Chief

A Day in the Life Series – Chief Stewardess

For a yacht to run smoothly, it requires many working parts, and the interior department is a large component of this. The chief stewardess oversees this department and makes sure all the stewardesses onboard know what their tasks and responsibilities are. The interior department is largely in charge of the guest services whilst they are onboard, and responsible for interior maintenance of the yacht when they are not.

18 Dec 2017

Entry deck

A Day in the Life Of Series - Entry Stewardess

Joining the yachting industry is an exciting and daunting undertaking. In this two part interview we speak with Melanie about why she decided to join the superyacht industry, what her hopes and goals are, and what she has learnt so far as an entry level stewardess.

29 Nov 2017

Yacht Captain Salary

How much does a Yacht Captain make? The average Yacht Captain salary is $109,175 as of February 26, 2024, but the salary range typically falls between $88,646 and $125,164 . Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Last Update: February 26, 2024

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  2. How Much Does a Yacht Broker Make a Year? (Salary & Commission)

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  4. Yacht Crew Salary Guide Infographic

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  5. How Much Do Yacht Crew Members Make

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  6. Yacht Crew Salary Guide 2023

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COMMENTS

  1. How Much Does a Yacht Salesman Make: A Comprehensive Guide

    Salary.com: The average base salary for a yacht salesman in the U.S. is $50,877 annually. This can range between $39,790 to $66,588. ZipRecruiter: The average salary for a yacht salesman is $48,589 per year in the U.S. However, salaries can be as low as $20,500 or reach up to $59,499. The top 30% of yacht salesmen earn over $53,000 annually.

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    The average salary for a yacht broker is $110,890 per year in the United States. 36 salaries reported, updated at March 4, 2024. Is this useful? Maybe. ... Yacht brokers usually get a small base salary from their brokerage firm as well as a commission from all completed sales. The commission can be a fixed amount or a percentage of the purchase ...

  3. How Much Do Yacht Brokers Make? (Helpful Examples)

    Overall, with salary and commissions, as a yacht broker, you could make an average of $121,000 per year. This depends highly on location and type of yachts sold. Some yacht brokers even make closer to $300,000.00 per year. Yacht brokers should be sales motivated and thrive in an unconditional work environment.

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    The average salary for a yacht broker actually rests at just under $70,000 a year. That puts them at a weekly salary of about $1,300 to $1,400. ... Get Ready with Your Sales Talk. A yacht broker salary can definitely lure in anyone looking to earn big bucks. But more than just the pay, simply working with the sale of such luxurious watercrafts ...

  5. Yacht Sales Salary in the United State

    The average salary for a Yacht Sales is $51,593 per Year in the United States. Individually reported data submitted by users of our website Base Salary. $42,947. $51,593. Medium. $60,729. For Employers. Need a professional ...

  6. Salary: Yacht Broker in United States 2024

    The estimated total pay for a Yacht Broker is $156,972 per year in the United States area, with an average salary of $92,462 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $64,510 per year.

  7. How Much Do Yacht Salesman Make

    Do you ever wonder how much those smooth-talking yacht salesmen really make? Well, get ready to set sail on a journey of financial discovery. In this article, we'll delve into the world of yacht sales and uncover the average salary, factors that impact earnings, and even reveal who the top earners are. So grab your...

  8. How To Become A Yacht Broker

    Salaries for a yacht broker can range in the U.S. from 80,000 to over a million dollars annually, with an estimated average of $105,000 per year. Yacht Broker Contact Lists. To be a successful yacht broker, get to know people who own boats or may want to in the future.

  9. Salary: Executive Yacht Sales in United States 2024

    The estimated total pay for a Executive Yacht Sales is $138,063 per year in the United States area, with an average salary of $114,562 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

  10. How Much Does a Yacht Broker Make a Year? (Salary & Commission)

    See how much you could earn as a yacht broker or yacht charter broker. Contains details on commission percentages and annual salary ranges.

  11. Salary: Boat Salesman in United States 2024

    The estimated total pay for a Boat Salesman is $48,093 per year in the United States area, with an average salary of $44,261 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $3,832 per year.

  12. Salary: Yacht Broker (March, 2024) United States

    As of Mar 3, 2024, the average annual pay for a Yacht Broker in the United States is $66,677 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.06 an hour. This is the equivalent of $1,282/week or $5,556/month. While ZipRecruiter is seeing annual salaries as high as $117,000 and as low as $25,500 ...

  13. Salary: Yacht Sales (February, 2024) United States

    As of Jan 29, 2024, the average annual pay for the Yacht Sales jobs category in the United States is $81,617 a year. Just in case you need a simple salary calculator, that works out to be approximately $39.24 an hour. This is the equivalent of $1,569/week or $6,801/month. While ZipRecruiter is seeing annual salaries as high as $154,500 and as ...

  14. Yacht Sales Salary in USA

    The average yacht sales salary in the USA is $73,750 per year or $35.46 per hour. Entry level positions start at $58,500 per year while most experienced workers make up to $150,000 per year. Median. $73,750 . Low. $58,500 . High. $150,000 ...

  15. Boat Salesman Salary in 2024

    The average salary for a Boat Salesman is $15,500 in 2024. Visit PayScale to research boat salesman salaries by city, experience, skill, employer and more.

  16. Boat Salesman Salary

    The average Boat Salesman salary in the United States is $46,600 as of February 26, 2024, but the salary range typically falls between $45,137 and $55,374. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession.

  17. What Is the Average Boat Salesman Salary by State

    We've identified 12 states where the typical salary for a Boat Salesman job is above the national average. Topping the list is Oregon, with Alaska and North Dakota close behind in second and third. North Dakota beats the national average by 14.8%, and Oregon furthers that trend with another $8,416 (15.4%) above the $54,620.

  18. Yacht Crew Salaries: Are You Paying Appropriately?

    Specifically, the salaries were 7,000 to 8,000 euros ($7,600 to $8,700) vs. 3,500 to 4,000 euros ($3,800 to $4,400). Since on-deck positions range from captains to entry-level deckhands, yacht crew salaries here span a wide range. Notably, captains for 328-foot-plus (100-meter-plus) megayachts can get bonuses on top of an average 18,000 euros ...

  19. Yacht Sales salary in United States

    Average Yacht Sales salary in United States - $85152 per year. Entry-level positions start at $43005 per year while most experienced workers make up to $127720 per year. Data comes from real salaries. Just in case you need a simple salary calculator, that works out to be approximately $44 an hour. This is the equivalent of $7 096/month or $1 ...

  20. 2022 Superyacht Crew Salary Survey

    The Results of the 2022 Salary Survey. Our annual salary survey provided some unprecedented insights to what captains and crew earned in 2022. As restrictions eased and the world opened up more, owners and guests have wanted to spend more time on board, and boats are, once again, willing to fly crew in. With some crew swallowing the anchor and ...

  21. How Much Does a Yacht Captain Make?

    29 Mar 2016. The salary of a yacht captain is based on tenure, experience and licensing. Captains of luxury yachts command a base salary well into six figures. Dependent on the length of the vessel, tenure of experience, and level of licensing yacht captain salaries range from $48,000 to over $300,000. As the length of yachts increases, the ...

  22. How Much Does Fraser Yachts Pay in 2024? (10 Salaries)

    The average Fraser Yachts salary ranges from approximately $54,527 per year (estimate) for a Sales Associate to $175,262 per year (estimate) for a Corporate Controller. The average Fraser Yachts hourly pay ranges from approximately $33 per hour (estimate) for a Recruiter to $33 per hour (estimate) for a Recruiter. Fraser Yachts employees rate ...

  23. Yacht Captain Salary

    The average Yacht Captain salary is $108,955 as of January 26, 2024, but the salary range typically falls between $88,473 and $124,919. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.