Interview at Smith Barney

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Aug 5, 2008 9:16 pm

Hey all,

I just had my second interview at Smith Barney and from what I gathered it went very well!  From the looks and sounds of it I think Smith Barney is a great fit for me and want this FA position badly. 

After meeting with the BOM and assistant BOM, should I expect to hear back in regards to a decision or do they make you interview with other FA's in the office? 

Would love to hear the hiring experience of others in regards to Smith Barney.  Feel free to post or send me a private message. 

Thanks!

Aug 5, 2008 9:38 pm

What did they tell you after the interview? Did you make a follow up appointment?





 
When i was hired by ML i:
1) took a test.
2) Interviewed with the VP.
3) Interviewed with the trainer and my manager.
4) was told they would call me by the end of the week.
5) They called back to see the VP the next day.
6) The VP offered me the Job.
Aug 5, 2008 9:43 pm

Well, I did ask what the next step was and the assistant BOM told me they would contact me next week after the assistant speaks with the BOM (he is out of town till next Monday). 

I also filled out some paperwork as well...your basic credit and background check, NASD stuff and employment history. 

I've interviewed with other wirehouses and I honestly don't want to be any where else but Smith Barney.    I'm just very anxious to learn about this position. 

Aug 5, 2008 9:53 pm

They didn't ask me to do a background check until they had decided to offer me the posistion. You probably are going to get an offer. Have they spoken about salary yet?

Aug 5, 2008 11:29 pm

Have they mentioned your start date yet??



If not, you may want to find out. SB has been very backed up in their training classes.



Even if they offer you a position, it may be early in 2009 before you can start.

Aug 6, 2008 9:56 am

Salary nor start date has been discussed yet, there has been no formal offer yet.  All I have done thus far is take a test, fill out the paper that I mentioned and met with the BOM and assistant. 

Training classes are backed up till the beginning of the year???? 

Aug 6, 2008 2:37 pm

If you are not licensed yet, you will go through a four-month licensing and training period anyway.  So you're looking at beginning of year for production.

Aug 6, 2008 2:40 pm
bankroll:

Training classes are backed up till the beginning of the year???? 

 
I think they're backed up until Jan. 2009 for start dates now.  That means you would be in production around April 2009.
Aug 6, 2008 2:43 pm
JBrowntown:

If you are not licensed yet, you will go through a four-month licensing and training period anyway.  So you're looking at beginning of year for production.

 
Actually, the start date wouldn't be until early in 2009.  This is based on what spots they have open for their training class in New Jersey, which would then be about four months after the hire date. 
 
So yes, Early 2009 would be the START date.  Not the production date.
 
Sorry, just wanted to make sure the original poster had the correct information. 
Aug 6, 2008 3:57 pm

Actually I am licensed.  How come they are so backed up??  A lot of new hirings??

Aug 6, 2008 4:18 pm

well if you are licensed, then it may not apply to you at all.

 
I think they are just backed up because they have hired more people than what the training classes can handle. 
Aug 6, 2008 4:19 pm

One other thing, isn't each individual branch slotted a certain amount of "seats" for training?  Another words, I was under the impression that each branch is allowed to hire X amount of people during a year. 


Aug 6, 2008 4:21 pm

So bankroll which program did you wash out of already?

Aug 6, 2008 4:30 pm

I didn't "wash out of" any program.  Unfortunately the company I was with was not the right fit for me.  I was recruited by them and gave them a shot, like I said unfortunately, the company was not for me.  

Aug 6, 2008 6:34 pm

When I was hired my BOM simply said: How are you going to build your business? I would recommend going in with a solid business plan- something creative other then saying you're going to cold call he yellow pages.

Aug 6, 2008 8:59 pm

I agree jtx.  Cold calling is definitely a big part, but I also said that networking outside the office (Chamber, seminars, rotary clubs etc) is also essential in building your business. 

 

Aug 6, 2008 9:06 pm

You're not thinking outside the box yet. There's a reason why 90% of new brokers fail. Have you ever been to one of those meetings? It's not a bunch of qualified prospects waiting to be approach by an FA- it's a room filled with business owners pitching their business, life insurance salesmen, and brokers.

Aug 7, 2008 9:26 am

Jtx,

Yes it is people pitching their business or selling life insurance...or whatever it might be.  The point is that you are networking and meeting new people in your area.  Those business people by the way need an FA.

The point of going to those meetings is not to sell them something right then and there.  Its making new contacts and connections and hoping that down the road, those people will see you're trustworthy and work with you. 

By the way, the Chamber in my city has hundreds of members that attend events on a regular basis.  Out of all the people that I've met only 4 are brokers and the majority are lawyers and business owners. 

What is your idea of thinking outside the box?? doorknocking, going to someones place of business, putting a banner on a plane, running down the street with your company logo painted on your chest?? 

I'm curious to see what has worked for you. 

Aug 7, 2008 1:22 pm

haha- Nice, I like the stripper idea. Clients can slide thier credit cards down her backside! I'm sure every chamber is different. If that works then run with it. My firms pretty strict about advertising, not sure if I cold get the plane or the stripper pre-approved.

Aug 7, 2008 1:28 pm
jtx25:

haha- Nice, I like the stripper idea. Clients can slide thier credit cards down her backside! I'm sure every chamber is different. If that works then run with it. My firms pretty strict about advertising, not sure if I cold get the plane or the stripper pre-approved.

 
So what DO you do to find prospects?