SB Income Requirements

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Apr 3, 2006 4:58 pm

I heard from a headhunter in the biz that Smith Barney generally likes to hire people transitioning from other industries only if they have current income over $200K per year.  This arose because I am self employed and my income fluctuated greatly, but has been on the down-trend in the last three years.


Is this statement regarding SB true?  how about any of the other firms?


thanks

Apr 3, 2006 7:29 pm

I doubt it.

Apr 4, 2006 3:03 pm
scec:

I heard from a headhunter in the biz that Smith Barney generally likes to hire people transitioning from other industries only if they have current income over $200K per year.

Is this statement regarding SB true?


Not true.  He may have been speaking about one particular BM's preferences, but this has not been my experience with SB at all.


However, they ARE very picky when hiring transitions and career-changers.

Apr 4, 2006 3:53 pm

They have been one of the most selective firms in the industry in regards to trainees.  However, most BMs will look for those that can ultimately add value and will not typically care what the salary history is, but the track record of sales success.

Apr 12, 2006 3:03 pm

My experience is a good manager (I've met one!) will put most weight on how compelling you and your story are (why the change)and less weight on income. It is a useful criteria but like any good investor they trust their gut not just the numbers on a piece of paper. Remember - getting an offer is simply the first in a long line of compelling salesmanship. That is a good thing - not a bad thing. Believe in what you are selling not your taxes from last year.

Apr 12, 2006 4:09 pm
ontheverge:

My experience is a good manager (I've met one!) will put most weight on how compelling you and your story are (why the change)and less weight on income.



Agreed.

In fact, that guideline applies to good managers everywhere, not just Smith Barney.