Starting at a bank

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Jan 24, 2007 12:40 pm

In the "Studying for the series 7.. w/o a sponsor" post Vbrainy mentioned starting at a bank: (starting a new thread as not to hijack from Trapper SS)


I've read on these forums that training programs at banks are generally poor.  Strangely enough, I'm changing careers from a geology background - After being hired for my first (environmental) position I was told I got the job over someone else who had experience because they didn't want to RE-train someone with bad habits.  Because I have no experience in this field I was initially considering starting at a bank, but didn't want to learn "bad habits" gained from deficient training that may turn off prospective employers in the future.  Does this make any sense or am I thinking about it way too much?  Is any experience good experienc in this business?

Also:  What makes a bank easier to begin a career in this field as opposed to other alternatives? 
Jan 24, 2007 12:44 pm

Don't start at a bank.  You are expected to come in knowing what to do.  That's not a good thing or a bad thing, just the way it is.

Jan 26, 2007 9:20 pm

In general is it tougher to get hired at a wirehouse or a bank? Just curious, thank you.

Jan 27, 2007 12:01 pm

Bank usually do not hire people wih 0 experience

Jan 27, 2007 1:29 pm
bankrep1:

Bank usually do not hire people wih 0 experience


But they'll hire someone who cannot correctly construct one sentence?

Jan 28, 2007 7:17 pm

I worked in lending at a bank before going into this industry and would
not recommend starting the brokerage industry at a bank.  The
bigger firms have much better training.  

Jan 29, 2007 12:04 pm

The thing you have to worry about at a bank is being able to do the best for your clients.  That means, no quotas no bond pushing. 


If they let YOU pick the mutual funds and don't tell YOU what to sell, you should be ok.