If given the choice... MSSB or Jones

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Nov 5, 2009 10:57 am

New here...  looks like a great resource. 




 
I know there are many variables, but if you were brand new to the business and had at least a few good potential customers AND you were offered a position at MSSB and Jones, which would you take?  And why?
Nov 5, 2009 1:21 pm
Choose which closely resembles your situation and add up the points:
 
 
Offer to join a team or be mentored = MSSB,  starting on your own = Jones
 
Rural area = Jones,  Urban area = MSSB
 
Small/no network = Jones,  large network = MSSB
 
Wealthy family = MSSB,  middle-class or lower = Jones
 
Master's degree = MSSB,  bachelors or less = Jones
 
Extensive sales experience = MSSB,  little or none = Jones
 
Sexual interest in women = MSSB,  interested in men = Jones,  interested in children = talk to melito
Nov 5, 2009 1:33 pm

Haha...MSSB no question.

Nov 5, 2009 1:45 pm

I hope Weddle Me weighs in.

Nov 5, 2009 2:12 pm

MSSB. Harder to succeed, but more opportunities once you do..

Nov 5, 2009 2:20 pm

MSSB? Can you even fit the full name on your business card?  What happens when they sell their firm to US Bank?  Will it be "Thank you for calling USMSSB?"

Edward Jones is #1  .. The name on the door has never changed.  #1 place to work.  #1 CEO. #1 Mutual Fund Managed Account. 

You can work for Citi Morgan Stanley Smith Barney if you can say it 5 times without taking a breath.

As always ... Edward Jones is number 1!

Nov 5, 2009 2:46 pm

I think it all depends on how well you can self evaluate yourself right now.  Jones give you all the freedom in the world to be your own boss and work hours YOU want.  Can you be disciplined enough to do the work, pick the phone up and call prospects, and build a business "on an island" by yourself?   You have support with Jones, but day in and day out; you're all alone and it's up to you to do the work. 

 
MSSB will give you a TON more structure and place you in an office environment where you will do the work because you have a manager in house watching what you do every day.  These are two complete opposite work environments that only you will know which one is best for you. 
 
Obviously, the freedom and whatnot of Jones is nice but some people would be better off in a office environment.  I know for me, I would have been much better off at MSSB because of that rather than starting at Jones.  The first year numbers are tooo low and easy to attain at Jones.  I had a couple very good doorknocks that turned rollovers to me the first month out and literally, those accounts alone set me to expectation for 6 months.  I played ALOT of golf that summer rather than busting my ass like I should have.  And guess what, no one knew or second guessed me b/c I was above standard the first two years.  But it caught up fast b/c my pipeline wasn't strong. 
 
Theres no doubt in my mind any broker will gather more assets starting at MSSB than you will at Jones.  This doesn't mean you can gather a ton at Jones, but I think you'll build a better business at MSSB.  If you don't cut it at MSSB, it'd be easier to transfer to Jones than it would be to transfer to MSSB if Jones doesn't work out. 
Nov 5, 2009 7:30 pm

Having worked at both, I like MSSB better.

Nov 5, 2009 9:47 pm

I went with MSSB over Jones because I like the office environment.  I feel that it energizes me to be around some friendly competition.  Jones is a great company but I felt I would be out there on "an island" by myself and things would get either too boring or too lonely.  I need the synergy of an office.  I also feel you can do more things at MSSB.  Jones is just breaking into Advisory Solutions and MSSB is a top tier player in it and has been for years. 

Nov 6, 2009 9:21 am
BerkshireBull:
Choose which closely resembles your situation and add up the points:
 
 
Offer to join a team or be mentored = MSSB,  starting on your own = Jones
 
Rural area = Jones,  Urban area = MSSB
 
Small/no network = Jones,  large network = MSSB
 
Wealthy family = MSSB,  middle-class or lower = Jones
 
Master's degree = MSSB,  bachelors or less = Jones
 
Extensive sales experience = MSSB,  little or none = Jones
 
Sexual interest in women = MSSB,  interested in men = Jones,  interested in children = talk to melito
 
hahaha well played
Nov 6, 2009 6:35 pm

If you had to choose a school, would you go to Stanford or The University of Wyoming?



MSSB hires top students from elite schools. Jones hires good salespeople



MSSB has a lot more prestige and name recognition.

Nov 6, 2009 10:48 pm
utcheachea:

If you had to choose a school, would you go to Stanford or The University of Wyoming?

MSSB hires top students from elite schools. Jones hires good salespeople

MSSB has a lot more prestige and name recognition.

 
Especially now that they have put the two names together. That was a great idea!! Who should you thank for that?
 
Just think of the prestige and name recognition Jones could have if they were forced to merge with someone else.
Nov 6, 2009 11:08 pm
utcheachea:

If you had to choose a school, would you go to Stanford or The University of Wyoming?



MSSB hires top students from elite schools. Jones hires good salespeople



MSSB has a lot more prestige and name recognition.



You don't know what the f*ck you are talking about.  Tell your mom I said hello.

Nov 6, 2009 11:20 pm
DeBolt:
utcheachea:

If you had to choose a school, would you go to Stanford or The University of Wyoming?

MSSB hires top students from elite schools. Jones hires good salespeople

MSSB has a lot more prestige and name recognition.

 
Especially now that they have put the two names together. That was a great idea!! Who should you thank for that?
 
Just think of the prestige and name recognition Jones could have if they were forced to merge with someone else.



Primerica-Edward-Jones-Waddell-Reed

Nov 6, 2009 11:40 pm

Morgan Stanley Smith Barney has name recognition only for their poor reputation.  Nice try, though.

Nov 6, 2009 11:40 pm

Oh snap.... 

Nov 6, 2009 11:42 pm

No no you have to use initials only cause its too damn embarrissing that you had to merge with one of your competitors to keep both firms from sinking. And Primerica is with Citi so it doesnt count.

 
EJWR? Doesn't sound like it is supposed to be together like MSSB.