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Mssb final interview

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Oct 19, 2009 8:30 pm

Wow, 30 AUM in 3 years!  That’s kickin’ butt!  My business plan calls for 30-35 by year 4…maybe it’s different in each region of the US??

Oct 19, 2009 9:54 pm

Well it’s 20 - 30 million.  I would like to surpass 30 million though.

Oct 19, 2009 10:36 pm

They pay 75-100 percent of previous full year income, up to you to negotiate.

Oct 19, 2009 11:14 pm

Dont forget to ask about how much vacation time you get, bm’s love that

Oct 19, 2009 11:28 pm

Vacation - Oh I plan on it!  Pay - 75-100% of last year huh…this should be interesting!

Oct 20, 2009 12:33 am

I’m going to let them tell me how much vacation time.  I’m going to negotiate around 60 K hopefully.

Oct 21, 2009 12:52 pm

It’s D Day.  Any advice for this last interview?  I doubt they will let me know today but I will soon find out if I get my dream job or have to settle for a job I don’t want with another company I don’t want to work for.  Stressful stuff…

Oct 21, 2009 2:36 pm
TopNotch:

They pay 75-100 percent of previous full year income, up to you to negotiate.



The larger the salary the larger the goals.. Typical salary in a metro area is between $45-55K
Oct 21, 2009 2:38 pm
NewRep17:

You are a regular comedian…wanted to know about a laptop and cell because I plan on working more than the standard hours…I want the ability to work anywhere. Also regarding the tuition reimbursement, I apologize for having ambition to get my MBA and I would prefer to go to an expensive school locally. I want them to pay for it. It makes sense in my opinion. Thank you though for the valuable feedback it is greatly appreciated.



Whoa you have no idea what you are getting into... The office is available 24hours a day, so no need for a laptop or cellphone to work from home..

MBA??? WTF! This is a sales position, MBA won't even be on your business card. If you want an MBA you chose the wrong profession...

Delusions of new people make me chuckle.. This is why the failure rate is so high..
Oct 21, 2009 2:41 pm
bringiton:

Wow, 30 AUM in 3 years! That’s kickin’ butt! My business plan calls for 30-35 by year 4…maybe it’s different in each region of the US??



It's not..
Oct 21, 2009 10:22 pm

Of course they didn’t tell me whether I got it…he said he made around 40-60 K worth of cold calls his first few years.  I hope I can cold call but also find other ways to get business.

Oct 21, 2009 11:21 pm

[quote=Squash1] [quote=NewRep17]

You are a regular comedian...wanted to know about a laptop and cell because I plan on working more than the standard hours...I want the ability to work anywhere.  Also regarding the tuition reimbursement, I apologize for having ambition to get my MBA and I would prefer to go to an expensive school locally.  I want them to pay for it.  It makes sense in my opinion.  Thank you though for the valuable feedback it is greatly appreciated.

[/quote]

Whoa you have no idea what you are getting into... The office is available 24hours a day, so no need for a laptop or cellphone to work from home..

MBA??? WTF! This is a sales position, MBA won't even be on your business card. If you want an MBA you chose the wrong profession...

Delusions of new people make me chuckle.. This is why the failure rate is so high..[/quote]   In all sincereness and with the best wishes, I have to agree  :)
Oct 21, 2009 11:33 pm
NewRep17:

I’m going to let them tell me how much vacation time.  I’m going to negotiate around 60 K hopefully.

  That's awesome. Just remember the more you get on the front end the less you'll get on the back end when you need it most.   Vacation? LOL yeah.   How does two days of paternity leave sound? Good luck with that vacation thing.
Oct 22, 2009 12:01 am

I hate to quote boiler room, but some of that stuff isn’t as far off as it seems.

Oct 22, 2009 12:31 am
  Worst market in generations, and you are talking having them pay for an MBA (I have three degrees, MBA one of them no one else paid for my education), a cell phone, a lap top. You're so sharp you think you'll find other ways to get business? What are you going to do for those other ways to get business? Strip?       Exhibit A on how to fail out of the business:  Imagine the music from Twilight Zone. Here we have New Rep 17 and his magic pumpkin out getting business. With his handmade suit and Hermes tie, he uses a flute to attract million dollar accounts from the woodwork to his mighty book of business....   Imagine. No door knocking, no cold calling and no soggy hors d'ouerves at an overpriced networking event for New Rep 17.   He does it with no MBA (paid for by the production of others), no cell phone (paid for by the production of others) and no laptop (do I need to repeat the part about production?) to call his own......   We're about to enter the Twilight Zone           [quote=NewRep17]Of course they didn't tell me whether I got it...he said he made around 40-60 K worth of cold calls his first few years.  I hope I can cold call but also find other ways to get business.[/quote]
Oct 22, 2009 5:53 pm

Thanks but those questions were just that questions. I was curious how it works, if there were any other benefits. I’m not worried about making it.

Oct 22, 2009 7:13 pm

I thought this portion of this website was for newbies to ask questions.  I figured they wouldn’t pay for that stuff but I didn’t know.  Simple question.  I don’t have any disillusions about how difficult it will be to make it.  I also know that I probably won’t have time to get my CFP or MBA until at least after year 3.  I appreciate the bashing but you still have failed to discourage me.  I have a big network and I have already laid the groundwork to get referrals and immediate business.  I will have a Sr. Partner and I know what it will take.  I will probably have to cold call 2-4 hours per day, try to set at least 1 meeting per day, and try to make 30 contacts per day.  I also know if I can land a few solid 401 K’s I’ll be fine.  I thought I read on here that people fail at MSSB due to laziness, complaining it’s too difficult, not calling when available to call, working 50 hours, etc.  I also thought I read that the MSSB qualifiers aren’t as difficult to attain.  Moreover, I plan on working 7 am to 7-9 pm EVERYDAY, and 4-6 hours on the weekends.  As I said, I’m not concerned, I won’t be in the 80% who fails. 

Oct 22, 2009 8:27 pm

Well - I just got hired!  I’ll be in the Nov 9th starting class.  Salary is decent, Bene’s are great, even got that unpopular time off that was discussed!  If they see that you are truly a potential asset to the company, time off is no problem!  Just make sure that you’re in Teir 1!  Good luck NewRep17

Oct 22, 2009 8:58 pm

hey there ringiton!  Now that you have an offer letter in hand, how about you run down what that looks like?  I think those in process would find it quite interesting and anyone considering MSSB would certainly find it useful.

Oct 22, 2009 9:17 pm

I think he/she enough identifible information.