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