A Junior Broker or FC

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Jun 9, 2005 4:18 pm

I am in my early 20's and I want to become an FC. I have been interviewing all over with no success. If given the option,  should I  accept a position with AG Edwards as an FC or a position with Smith Barney starting as a Junior Broker?


 Any info on being a JR broker would also be helpful

Jun 9, 2005 4:39 pm

Others will have differing opinions but I don't think it matters which one you choose to accept.  The only difference is that the SB option would give you a greater amount of time to understand the business.  This "learning curve" could be considered a safety net.  The AGE position (or any other immediate production position) would be "trial by fire" until you figure out which end is up.

Jun 9, 2005 4:51 pm

I agree with Dewey.  Many positions similar to the one at SSB afford in heritance opportunities down the road.  Depending on that specific situation, it could be a solid opportunity. 

Jun 9, 2005 9:29 pm

Is there more potential in choosing a company like AG Edwards in an  area I have contacts, or  in an area where I would have almost have no contacts but I could start as a junior broker with a bigger company like Soloman Smith Barney?

Jun 10, 2005 12:12 am
mSav:

Is there more potential in choosing a company like AG
Edwards in an  area I have contacts, or  in an
area where I would have almost have no contacts but I could start
as a junior broker with a bigger company like Soloman Smith
Barney?





you should learn to spell the name of the company properly if you're goin to work there....

Jun 10, 2005 7:23 am

Yes, being a junior, especially at such a young, unproven, and inexperienced age, can be a very good thing. 



You learn the business.  You deal with clients, prospect, share the wealth, and you can inherit a book! 



If you can't get that gig, you may even want to consider becoming a
sales assistant.  Yeah, I know, most SAs are female.  But it
is a good way to get your foot in the door nonetheless.  If you
really want to work in the business you'll do whatever it takes.



Good luck.

Jun 10, 2005 8:05 am
inquisitive:





If you can't get that gig, you may even want to consider becoming a
sales assistant.  Yeah, I know, most SAs are female. 





Female or gender confused males.



The deal with male Sales Assistants is that applying for the job
automatically brands you as a weakling--and you'll never get past that
brand.



It's completely different if somebody say, "How'd you like to be a
sales assistant?  It's normally a girl's job but............"

Jun 10, 2005 7:30 pm

I dont want to be a sales assistant, so dont even  waste your time  on that topic.


Instead, I am looking for opinions on the choice between AG Edwards and SSB. I have the option, and it has been 50/50 between the two when I ask anyone.


AG Edwards seems to be a better choice, but is their a lot more money to be made at SSB?

Jun 10, 2005 9:17 pm

Its not possible to determine if there's more money to be made at Smith
Barney because we don't know if you would be inheriting a book through
your partnership as a junior broker.  If it looks like that could
realistically happen, I would give that an edge over going it on your
own at AGE. 



They are both good firms.  Smith Barney has higher hurdles that you'll have to meet once you start producing.



If you are on your own neither firm will make you more money.  It will be entirely up to you.

 

Jun 14, 2005 11:24 pm

Coming from someone who started in a similar situation I would say go with SB...You may have bigger hurdles but I think the training is a real benfit....You will make money if you really work like you should it just depends on how hard you work...AGE is a good firm with a good name but the SB support might be what you need...and the Idea of being an SA is not a bad one a closse friend of mine was an SA an eventually ended up having a 60million dollar book