Bond broker or stock broker

or Register to post new content in the forum

10 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Nov 3, 2006 11:07 pm

could you help  decide whether to be a bond or stock broker?

what are the pro/cons of each?

Nov 4, 2006 4:54 pm

Bond Brokers get paid 23.45% more than Stock Brokers based on the 50 day moving average compared to the velocity and arbitrage value of their positions relative to the Black Sholes pricing modeled divided by the square root of Pi.  As you can plainly see...that's a lot of money. 


 It's good that you're asking questions though, because as you probably understand, there's more to life than money.  The lifestyle differences can be very distinct.  Life as a bond broker usually revolves around WalMart style cubicles and Yuban coffee, calling foriegn clients with a translator trying to convince rich politicians, the nuevo riche and local riff raff to buy various derivative linked collaterallized debt obligations tied to stochastic calculus functions that determine variable volatility valuations.


Stock Brokers usually work in posh high rise skyscrapers and call on w**kers like Bill Gates, Warren Buffet and Andy Warhol to pitch hot stock ideas that make them rich (or more richer).  Most firms offer limo services for their Stock Brokers and a personal assistant, image consultant, marketing team and cold calling troupe to back up that Stock Brokers business building efforts.


Basically a limo picks you up (this is after you've passed all your tests and get you O.K. to sell) everyday for work, you get briefed by your personal team on how their marketing efforts are going...get your 30 plus leads to call on for the day, sell some shares to your wealthy clients, play a round of golf to shmooze prospects, then a fine dinner with clients paid for by the firm and a limo ride home.  All that extra stuff is more expensive so that's why Stock Brokers don't make as much money.


Try to get on with the good firms like Gunn Allen and Primerica.  This can make or break your career.


I think most here will unequivocally agree that you really need to get a Harvard MBA if you want to be successful at this business though.

Nov 4, 2006 5:42 pm

Oh and if you're one of the unfortunate who doesn't live near any skyscrapers, most firms have a skyscraper budget (how do you think Manhattan was built?) and will push to build one in your city's downtown to support their high flyin' image.


If you're about the cache be a stock broker if you're about the money be a bond broker.


But whatever you do don't be a sucker.

Nov 4, 2006 7:06 pm
dude:

Bond Brokers get paid 23.45% more than Stock Brokers based on the 50 day moving average compared to the velocity and arbitrage value of their positions relative to the Black Sholes pricing modeled divided by the square root of Pi.  As you can plainly see...that's a lot of money. 


 It's good that you're asking questions though, because as you probably understand, there's more to life than money.  The lifestyle differences can be very distinct.  Life as a bond broker usually revolves around WalMart style cubicles and Yuban coffee, calling foriegn clients with a translator trying to convince rich politicians, the nuevo riche and local riff raff to buy various derivative linked collaterallized debt obligations tied to stochastic calculus functions that determine variable volatility valuations.


Stock Brokers usually work in posh high rise skyscrapers and call on w**kers like Bill Gates, Warren Buffet and Andy Warhol to pitch hot stock ideas that make them rich (or more richer).  Most firms offer limo services for their Stock Brokers and a personal assistant, image consultant, marketing team and cold calling troupe to back up that Stock Brokers business building efforts.


Basically a limo picks you up (this is after you've passed all your tests and get you O.K. to sell) everyday for work, you get briefed by your personal team on how their marketing efforts are going...get your 30 plus leads to call on for the day, sell some shares to your wealthy clients, play a round of golf to shmooze prospects, then a fine dinner with clients paid for by the firm and a limo ride home.  All that extra stuff is more expensive so that's why Stock Brokers don't make as much money.


Try to get on with the good firms like Gunn Allen and Primerica.  This can make or break your career.


I think most here will unequivocally agree that you really need to get a Harvard MBA if you want to be successful at this business though.



That's what I was gonna say.

Nov 4, 2006 9:17 pm

That was a most excellent explanation of the obvious, Ted!   You have learned much after travelling back in time to visit Socrates. By the way, most people that are stock brokers work in a sky scraper unless you sell TransAmerica annuities....you work out of their Pyramid. "Experience the Power of the Pyramid"

Nov 5, 2006 5:20 pm
peanutbroker:

That was a most excellent explanation of the obvious, Ted!   You have learned much after travelling back in time to visit Socrates. By the way, most people that are stock brokers work in a sky scraper unless you sell TransAmerica annuities....you work out of their Pyramid. "Experience the Power of the Pyramid"


Yeah but the gentleman who posted didn't ask about becoming a pyramid broker.  Could you be a little more pertinent with your answers?  This guy is looking for some real insight here.  It's hard enough to get clarity around here, let's not make it harder for him.

Nov 5, 2006 5:24 pm

I guess I could have just said that a Stock Broker focuses his business on selling stocks and a Bond Broker focuses his business on selling Bonds, but then again that would be too obvious.


Or...I could shatter this guys world completely and tell him that there is no difference at all and that the titles are a marketing gimmick of sorts which have been currently updated to the defacto standard of Financial Advisor/Consultant.


But I'm not that rude...

Nov 6, 2006 5:39 pm

Pyramid Broker = Primerica.  You don't actually have to sell anything, just get other people to sign up under you.  You can be really successful if you get those same people to also sell candles, kitchen supplies, or scrapbook stuff with  you.

Nov 7, 2006 1:19 pm

A buddy of mine is looking to get into this business, and he was telling me about being on Monster the other day.  He was purusing the job listings in the Southeast, and he came upon a wholesaler job for one of the main annuity cos (maybe Metlife?)...but it was focused on targeting PRIMERICA REPS ONLY.


Can you imagine?  I think I'd rather chew off my own arm.

Nov 7, 2006 1:47 pm
BankFC:

A buddy of mine is looking to get into this business, and he was telling me about being on Monster the other day.  He was purusing the job listings in the Southeast, and he came upon a wholesaler job for one of the main annuity cos (maybe Metlife?)...but it was focused on targeting PRIMERICA REPS ONLY.


Can you imagine?  I think I'd rather chew off my own arm.