Requirements
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I have pretty limited college experience but good work experience if you have some compensating factors and you have common sense you should get hired
Well I was able to latch on with Waddell and Reed. It took quite a few interviews and many different firms but Waddell was able to provide what I was looking for. The minimum requirements look do-able, the hours don’t look bad and they said if I’m consistently coming in and working a full 8 hours a day I should be making six figures within 2 years or so. The management seemed to be impressed with my drive, and I’m actually looking forward to the study process. Does anyone know the percentage of people that pass the series 7 and 63 on the 1st try?
Well I was able to latch on with Waddell and Reed. It took quite a few interviews and many different firms but Waddell was able to provide what I was looking for. The minimum requirements look do-able, the hours don’t look bad and they said if I’m consistently coming in and working a full 8 hours a day I should be making six figures within 2 years or so. The management seemed to be impressed with my drive, and I’m actually looking forward to the study process. Does anyone know the percentage of people that pass the series 7 and 63 on the 1st try?
Wasn't there somebody else who said the same thing a few months ago. Six figures and all? Eight hours a day?
Please tell me this is a joke.
How else are they going to recruit people…Like Niche networking, you know who are at chamber events, more poor people…Good luck to them in 60 days when they realize 8 hrs doesn’t get them anywhere and 2 yrs to $100K is a pipe dream… Even if you were doing $200K at the end of the second year, you are still at $80K at best.
Well I was able to latch on with Waddell and Reed. It took quite a few interviews and many different firms but Waddell was able to provide what I was looking for. The minimum requirements look do-able, the hours don’t look bad and they said if I’m consistently coming in and working a full 8 hours a day I should be making six figures within 2 years or so. The management seemed to be impressed with my drive, and I’m actually looking forward to the study process. Does anyone know the percentage of people that pass the series 7 and 63 on the 1st try?
Minimum requirements? Full 8 hours? Aim low much? Good luck with that.
8hrs a day? i’m expecting to work from 7-8am to 9-10pm 6 days a week with sunday at a chill 8 hours. I need some time to myself…
Crap, its commission… so why the hell not work… right? its all about the mighty green and i want a treeful of that stuff.
On wall street there’s a saying, “It aint about the title you have, its about how much money you make.”
You realize your schedule just put you at 92-94 hours a week?8hrs a day? i’m expecting to work from 7-8am to 9-10pm 6 days a week with sunday at a chill 8 hours. I need some time to myself…
Crap, its commission… so why the hell not work… right? its all about the mighty green and i want a treeful of that stuff.
On wall street there’s a saying, “It aint about the title you have, its about how much money you make.”
You realize your schedule just put you at 92-94 hours a week?[/quote] Work hard, but don't act like you will be able to do those kind of hours and be productive. If you honestly do this, you will burn out and fail.[quote=NumbersGeek] 8hrs a day? i’m expecting to work from 7-8am to 9-10pm 6 days a week with sunday at a chill 8 hours. I need some time to myself…
Crap, its commission… so why the hell not work… right? its all about the mighty green and i want a treeful of that stuff.
On wall street there’s a saying, “It aint about the title you have, its about how much money you make.”
You realize your schedule just put you at 92-94 hours a week?[/quote] Work hard, but don't act like you will be able to do those kind of hours and be productive. If you honestly do this, you will burn out and fail.[/quote][quote=3rdyrp2][quote=NumbersGeek] 8hrs a day? i’m expecting to work from 7-8am to 9-10pm 6 days a week with sunday at a chill 8 hours. I need some time to myself…
Crap, its commission… so why the hell not work… right? its all about the mighty green and i want a treeful of that stuff.
On wall street there’s a saying, “It aint about the title you have, its about how much money you make.”
I'll slow down after a while and cut back the hours.
yeah like two weeks later when you quit or burn out…There is nothing you can do in your office after 9pm unless you plan on calling the west coast(assuming you don’t live there)
But i think 7-8pm M-F and then 8-2 on saturday(if need be) is ok.
Not to offend anyone, but in my opinion I think a college degree should be required to be in this business. I think you can do fine without one if you can sell but giving people financial advice is serious business and if you have not put the effort to at least attain a college degree you should not be allowed to direct someones life savings. I wonder if down the road clients will start to demand more like CFP, CFA, MBA, ChFC, something that shows you know what you are talking about.
Why would you want to work more than you are required to? If you can do 8 hours of work in 8 hours, why do that much work over a 12 hour period? I don’t understand everyones obsession with working 23 hour days, when you are getting paid to make stock trades and give advice. That can’t be done in 8 hours? Maybe I just went to the school of “work smarter, not harder”. I guess if you spend all day posting stuff on a blog then it would take 23 hours to do all that work.
I wonder if down the road clients will start to demand more like CFP, CFA, MBA, ChFC, something that shows you know what you are talking about.
I've seen people with those not know what they are talking about (with the exception of the CFA - I haven't seen any dummies pass that).
If clients start to demand that people know what they are talking about the ranks will be thin indeed. My guess is that if you are a good salesman, it won't matter.
Further, what sort of degree? Does it have to be in Finance? What about Education? Or Sociology? Psychology? Engineerings? Biology?
Also, I have an intern my office right now (Literally, right NOW) who just finished his MBA and knows absolutely NOTHING about building a portfolio. Sure, he can spout definitions of MPT and EMH. But no real understanding. He is the graduate of a top 25 school btw.
[quote=LA Broker] I wonder if down the road clients will start to demand more like CFP, CFA, MBA, ChFC, something that shows you know what you are talking about.
I've seen people with those not know what they are talking about (with the exception of the CFA - I haven't seen any dummies pass that).
If clients start to demand that people know what they are talking about the ranks will be thin indeed. My guess is that if you are a good salesman, it won't matter.
Further, what sort of degree? Does it have to be in Finance? What about Education? Or Sociology? Psychology? Engineerings? Biology?
Also, I have an intern my office right now (Literally, right NOW) who just finished his MBA and knows absolutely NOTHING about building a portfolio. Sure, he can spout definitions of MPT and EMH. But no real understanding. He is the graduate of a top 25 school btw.
[/quote]
Is he cute? Ron might be interested.
I wonder if down the road clients will start to demand more like CFP, CFA, MBA, ChFC, something that shows you know what you are talking about.
I think you got it right...it's what clients demand. If they start responding to FAs who stand street corners with a Bozo the Clown suit, then we'll all need to start shopping for floppy shoes... (except for me, cause I don't have a job).
[quote=voltmoie]
[quote=Moraen] [quote=LA Broker] I wonder if down the road clients will start to demand more like CFP, CFA, MBA, ChFC, something that shows you know what you are talking about. [/quote]
I’ve seen people with those not know what they are talking about (with the exception of the CFA - I haven’t seen any dummies pass that).
If clients start to demand that people know what they are talking about the ranks will be thin indeed. My guess is that if you are a good salesman, it won’t matter.
Further, what sort of degree? Does it have to be in Finance? What about Education? Or Sociology? Psychology? Engineerings? Biology?
Also, I have an intern my office right now (Literally, right NOW) who just finished his MBA and knows absolutely NOTHING about building a portfolio. Sure, he can spout definitions of MPT and EMH. But no real understanding. He is the graduate of a top 25 school btw.
[/quote]Is he cute? Ron might be interested.[/quote]
My marketing director thinks he is. But I think she likes Asian kids.
Does anyone know the percentage of people that pass the series 7 and 63 on the 1st try?
At Jones: I believe it's above 90% (92 seems about right). Outside of Jones ... maybe 70? Of course, you need to be able to get into Harvard to get into Jones.