Smith Barney Financial Advisor Program

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Feb 1, 2006 7:45 pm

I am about to get offered job with Smith Barney in the Financial Advisor Program. What can I expect as far as salary and bonuses? I understand all other aspects of the job except compensation. I want to know a more so I can negotiate a better offer. Thanks everyone. I know I'm going to love this business.


Peace,


Tutu

Feb 1, 2006 7:52 pm

$100,000 per year, for first two years. But, if you have at least a high school education, they have been known to go as high as $150,000. Promise them that you won't work more than 40 hours per week, so they won't have to pay you overtime rates.

Feb 1, 2006 8:06 pm

I'm laughing!!! The question is as funny as the answer.


Here's some advice, forget going into this industry from scratch. You'll never make it. It's nearly impossible unless you know many wealthy people or you're given a book of business. The chances of either are slim. Do yourself a favor and pick another career.

Feb 1, 2006 8:10 pm

Dirk,


Thank you for wasting my time. I'm trying to get real info so I don't go in totally blind. I will not call you a horrible name or insult you. That is what ignorant, insecure people do. I wish you the best.


Enjoy Life.


Tutu

Feb 1, 2006 8:11 pm

I'm not familiar with Smith Barney's compensation program, but I would suspect that it differs with the quality of the applicant.


The most important thing you can do, in my opinion, is to know your financial situation and determine the absolute minimum you can live with. (Assuming you really want this career.) If the trainee salary exceeds your minimum living expenses, then you've passed step one.


If I were you, I would read these boards (especially the compensation threads) and; therefore, be prepared for what might be offered after you've passed the 7. If your trainee salary barely meets your minimum living expenses and you pass the 7, and afterwards you're immediately put on a sliding salary scale, you might have a problem.


Good luck!


Feb 1, 2006 8:12 pm

Ez,


How did you get your start?


Thanks,


Tutu

Feb 1, 2006 8:14 pm

Regardless of what they offer you, how much do you need, minimum?  I would warn you that this is a bad idea unless you have significant savings.

Feb 1, 2006 8:15 pm

Tutu don't listen to these people.  They are small producers and they spend a good part of their work day on this forum.  I would bet that I have more than four times the assets of either DD or Ez so you little pucks can shut up with you ignorant replys.


Tutu get the job.  It is a strong company to work for if you want that sort of thing.  Work your ass off six days a week.  Learn to work smart by finding a mentor.  Find someone who is a large producer and do what ever it takes to get his advise and counsel.  Expect to be successful.   Stay away from the loosers. They are the majority and they will wreck you.  Now go kick ass.

Feb 1, 2006 8:22 pm

Thanks Greenhills,


It's nice to see that not everyone is bitter on this forum. I know I will succeed in this business. I know it takes 70+ hrs a week to make it. I know it takes tenacity and drive. I will take your advice on finding a mentor.


Best wishes,


Tutu

Feb 1, 2006 8:26 pm

Bank rep,


I heard SB offers between 40-55k plus bonuses first year. I'm single and willing to put in extreme hours. My living expenses are not nearly as high as some people with families. It is tough to live off of 40-55k with a family.


Tutu

Feb 1, 2006 8:34 pm

Tutu you know what really funny.  I am having an especially good January and I would  bet my favorite dog leash that I will make more this month than either Ezmony or DD will make for the ENTIRE year.  Now that's something that really is funny isnt it.


It is also funny that Ez was on here awhile back crying about his business being slow.  He is just a pus$ that cant be tough and do the work to get over the hump so he stays on this sight most of his day and accomplished nothing.    

Feb 1, 2006 8:46 pm

Ouch... Green is tearing into you two.... In fact, I think he MAY have just made you both his little b$tch.... You guys need to come back with a doozey....


Tutu,


Good luck with your program. SB is a great firm that deserves its place among the best firms in the business....

Feb 1, 2006 8:51 pm

Thanks Blarmston.

Feb 1, 2006 11:56 pm
Tutu:

Dirk,


Thank you for wasting my time. I'm trying to get real info so I don't go in totally blind. I will not call you a horrible name or insult you. That is what ignorant, insecure people do. I wish you the best.


Enjoy Life.


Tutu



If you set your alarm for 4 SECONDS before your regular time, you can recover the time that I wasted.

Feb 2, 2006 12:00 am
Dirk Diggler:
Tutu:

Dirk,


Thank you for wasting my time. I'm trying to get real info so I don't go in totally blind. I will not call you a horrible name or insult you. That is what ignorant, insecure people do. I wish you the best.


Enjoy Life.


Tutu



If you set your alarm for 4 SECONDS before your regular time, you can recover the time that I wasted.



LOL....dude aren't you so lucky that he's not ignorant or insecure enough to insult you?!?  geez otherwise he might bruise your inner child.....

Feb 2, 2006 12:01 am
Greenhills:

Tutu you know what really funny.  I am having an especially good January and I would  bet my favorite dog leash that I will make more this month than either Ezmony or DD will make for the ENTIRE year.  Now that's something that really is funny isnt it.


It is also funny that Ez was on here awhile back crying about his business being slow.  He is just a pus$ that cant be tough and do the work to get over the hump so he stays on this sight most of his day and accomplished nothing.    



Not likely, but you've really put us in our place. I am quite humbled.


By the way...I'll bet my favorite cat food bowl that I'll do your wife more times this month than you will all year.

Feb 2, 2006 12:04 am
blarmston:

Ouch... Green is tearing into you two.... In fact, I think he MAY have just made you both his little b$tch.... You guys need to come back with a doozey....


Tutu,


Good luck with your program. SB is a great firm that deserves its place among the best firms in the business....



How'd I do?

Feb 2, 2006 12:32 am
Tutu:

I am about to get offered job with
Smith Barney in the Financial Advisor Program. What can I expect as far
as salary and bonuses? I understand all other aspects of the job except
compensation. I want to know a more so I can negotiate a better offer.
Thanks everyone. I know I'm going to love this business.


Peace,


Tutu





As much as you want.  Smith Barney is going to invest a few bucks
in you.  Be a vaccum in your tenure there,  your lucky. 
Check back here in 4 years...when Blarm is making $500k and donating
his time an knowledge.    It will happen.

Feb 2, 2006 1:34 am

Tutu give it a shot... What do you have to lose...?


I am about to complete my 7, but have some insight into industry.

Feb 2, 2006 11:33 am

Dirk,


Those were decent responses... Though I am quick to make a joke and rib people on this site, even I think that your 'bang the wife' comment is out of line. Although you frequently write informative and thought provoking posts, when comments like that are made you are ultimately perceived by the majority of posters as someone lacking intelligence, couth, maturity, or a combination of the three.


Breath for 6 seconds before immediately firing back a response...