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Didn't get hired by ML

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May 11, 2011 1:08 am

Not to jack this thread, I do have a question for a lot of you guys.

I am currently interviewing with a lot of different firms, regional, indy, and wirehouses.

I like MSSB because of the high starting salary and confident in their training. I am coming from selling life insurance. I have a great network of wealth individuals with many that fall in to the UHNW category.

My questions is I got thru the first interview with the BM, I passed the assessment and Biz Plan, but he keeps telling me when I call to check in that he forgot to call the guy in charge of new advisors for the region to set up an interview which is the next step. Its been about 2 months and I have talked with him at least 5 times hearing the same thing.

Whats going on? Is this a test to see how long I will cheap calling him for? If so how often can I call before I piss him off. Im calling him once a week if I reach him or twice if I dont. I am also leaving a message.

Also, we have a lot of MSSB branches around, can I just call up another one and interview with them? I am eager to leave my life insurance job and get to work on the investment side of it. Plus I have some clients on the back burner to take over their investments, but I dont want to mention them in the interview to make sure I dont get higher hurdles because of it.

How long should the hiring process at MSSB take?

May 11, 2011 1:19 am

He is stalling for some reason..

You dont want to work with a bm that acts like that.  Call other branches and find who the Bm are and they will talk to you.  That guy is wasting your time.

May 11, 2011 3:31 am

I don't know if I am right now or not but I disagree.  I think it is some sort of test and he is testing you.  I would go to the store and buy as many thank you cards for as many people interviewed you at Morgan.  Write them all a different handwritten note and mail it out.  Wait a day and call them and tell them you are serious about the job and when is an exact time or date you should here from them. 

May 11, 2011 3:36 am

apg, I agree with damion on his response.  If the BM is that awful now, you're going to hate life when you're hired.  The BM could literally make or break you when you're new.

RickRoss, I've seen wirehouse reps that end up at bank brokerages do very well.  Perhaps cold calling wasn't their thing but they knew how to coax great referrals from the bank branches.  I know a guy who was at a credit union (one branch only but it was by the sponsoring company's headquarters) in upstate New York.  When massive layoffs occurred, might have been Xerox or Kodak, his income jumped from $100k to $300k in a year.  Everyone that was getting fired would walk into his branch and he'd do their rollovers.  I have friends at Fidelity and Schwab that are also doing well.  They don't own their book but they have a defined 9-5 job (they never stay late) and make pretty good money right from the start.

I think the perception in the industry (and especially at my firm, Merrill), is that if you aren't cold calling or networking to build your book, then you're somehow less worthy.  I think that's such brainwash BS.  If someone told me I would make $1 million per year but the name of my firm was Fart Smellers Wealth Management and I had to smell the farts of all my clients, I'd blow my entire expense account on all the beans at Costco.   

May 11, 2011 12:31 pm

[quote=BACFA]

apg, I agree with damion on his response.  If the BM is that awful now, you're going to hate life when you're hired.  The BM could literally make or break you when you're new.

RickRoss, I've seen wirehouse reps that end up at bank brokerages do very well.  Perhaps cold calling wasn't their thing but they knew how to coax great referrals from the bank branches.  I know a guy who was at a credit union (one branch only but it was by the sponsoring company's headquarters) in upstate New York.  When massive layoffs occurred, might have been Xerox or Kodak, his income jumped from $100k to $300k in a year.  Everyone that was getting fired would walk into his branch and he'd do their rollovers.  I have friends at Fidelity and Schwab that are also doing well.  They don't own their book but they have a defined 9-5 job (they never stay late) and make pretty good money right from the start.

I think the perception in the industry (and especially at my firm, Merrill), is that if you aren't cold calling or networking to build your book, then you're somehow less worthy.  I think that's such brainwash BS.  If someone told me I would make $1 million per year but the name of my firm was Fart Smellers Wealth Management and I had to smell the farts of all my clients, I'd blow my entire expense account on all the beans at Costco.   

[/quote]

  hahaha

May 11, 2011 12:43 pm

I interviewed at MSSB. I got a job offer. See my new thread for details.

May 11, 2011 12:48 pm

i dont see a new thread

May 12, 2011 2:13 am

Damion: I believe this is the thread he is refering too. http://forums.registeredrep.com/forums/rookies-trainees/interview-mssb

I think it was addressed above, but how would you get a hold of the BM? Call the main line? Will the receptionist attempt to block these calls? And how direct should I be, can I just call say I am interviewing around and I want to meet them to see if they are the right fit for me? Also in your experience are the BM's listed on corporate websites up to date so I can refer to them by name or should I just ask for the branch or hiring manager? 

Thanks for your help guys. I have two more interview coming up in the next few days, time to call on MSSB BMs