HSBC brokerage??????help

5 replies [Last post]
laveranues's picture
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Joined: 2005-06-07

I was offered to start as a sales assistant for HSBC.  I just graduated from college in May and have my series 7.  Is this a good opportunity?  Does anyone know anything about HSBC?

BrokerRecruit's picture
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Joined: 2005-04-19

Is it strictly an assistant position, or would you be able to produce a little, too?
What area of the country are you in?

BankFC's picture
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Joined: 2005-05-27

Chinese Bank...one of the biggest in the world.  Huge presence in NYC.  I even use their index linked CD's now and again.
I started out as a sales assistant for a big bank in the South.  Glad I did it for sure.  If the salary is enough for you, it gives you a "free look" period to learn more about the business.  If the money is right, I say go for it...whether you become a broker yourself when your 23 or wait till your 26 isn't as nearly as important as making it once you get in, you know?

compliancejerk's picture
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Joined: 2004-12-03

Depends on what part of the country you are in as HSBC went through a major acquistion phase a number of years ago.  In the NE they bought Marine Midland which had a large presence in NY State.
It's a big organization that has "referral" quotas in the branches (like most bank based brokerages).

troll's picture
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Joined: 2004-11-29

It's a great way to get your feet wet and get a sense of what the business is like before you have to meet production quotas and bring in your own clients.  You also learn how to deal with operational issues....as a new advisor you'll most likely have little or no admin help, so it will be useful knowledge when you're staring out!

laveranues's picture
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Joined: 2005-06-07

im located in nyc

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