Financial Advisor or Retail Manager

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Oct 30, 2008 1:31 am

Hi All ..



I went through this forum .. & found it really informative ..



I need honest advice from all you experts out there ..



I have recently moved to BC, Canada from UK .. where i was working as a dapt manager
& did well .. so I managed to get the same offer from Staples in
Canada.. though at a lower salary than uk .. the Salary offered is $
30,000 pa..  with 4 quarterly bonus .. which can make it to about $ 36,000.



Meanwhile i also got offer from Edward Jones as financial advisor & I'm in there last process of hiring ..

My question is .. whether i should opt for Edward jones opportunity or
stick with Staples where i'll have a slow growth at the rate of 10% pa
as far as salary is concerned & my position.



How lucrative is financial advisors job with EJ ?

Do people make the compensation that they have mentioned in there FA Booklet ?

What is your opinion considering being a Finacial Advisor looking at the Credit Crunch & Recession in the market ?



'll appreciate all your genuine answers ..



Regards,



Veer

Oct 30, 2008 7:59 am

You would make way more at EJ and have a much better work experience assuming you succeed. It is a tough job and you want to make sure you are capable of the work. But in the worst case scenario, you wash out and go back to Staples.  I don't think the market is a factor; might even be a positive factor if you have a plan to manage money in a flat market and long recession.

Oct 30, 2008 10:06 pm

thanks for the advice ...

'm considering taking the hard way ..  bt concerned as i'm new to this country .. hope it doesn't backfire ..


Oct 31, 2008 11:06 am

It depends on if you want to be a Retail Manager as a career or if you want to work as a Financial Adviser as a career.  They are vastly different and it is like comparing apples to oranges.


Dec 23, 2008 11:08 pm

A retail manager is responsible for the day-to-day management of a department or store in accordance with overall company policy. The main focus of any retail manager's job is to improve the commercial performance of the store by increasing its turnover and maximising profitability. Achieving performance objectives will require action in one of the main areas of retail activity: store operations; human resources; finance; buying; customer care; marketing; logistics; information technology; and administration.

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