Why do firms like former military so much

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Dec 23, 2009 3:30 am

I posted a few months ago about getting into this industry, and it was said then that military experience was second to none, why?? <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


What is it about former service members that these firms love so much?


 
Does the same apply to both Officers and Enlisted?

 


Dec 23, 2009 8:10 am

People hat have Discipline!

Dec 23, 2009 8:47 am

They're trained kool-aid drinkers!...



I kid, I kid! 

Dec 23, 2009 10:53 am
CashFlow:

People hat have Discipline!

 
Not sure what this sentence actually means but I will use the last word discipline.
 
Military is based on a schedule and keeping to that schedule and getting items done inside that schedule..
 
Similar to an advisor.
Dec 23, 2009 1:25 pm

Chief,

 
That is exactly what I meant so I appreciate you expanding for me.  Sorry I was in such a hurry to respond. 
 
People that have been in the military have discipline and are accustomed to doing tasks that are assigned to them.  That is what this job is all about.  Make the calls, do the work and you can be successful. 
Dec 23, 2009 2:26 pm

Discipline and determination.  Starting out in the business doing cold calling you have to be strong in both these areas.  What better place to look thnn the military.

Dec 23, 2009 5:28 pm

Most military in this business never went to bootcamp, they were officers. The benefit of military training includes discipline, but also the ability to study and learn, a code of ethics, ability to follow regulations, and responsibility. As a young officer, I had significant responsibilities that none of my civilian peers were exposed to.

Dec 28, 2009 3:46 am

OK, good to know. What about pay?? <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


A place like MSSB will pay you a salary based partially on what you were making prior, correct?


 


As any service member will know, what you bring home and what is taxable are two different things. For example only my base pay is taxable, BAH, BAS, COLA is all non taxable, so if you look at your W-2 (assuming this is the document they will use to establish prior income) it show you made considerably less than what you actually brought home.


 


Total entitlements $80,000 (LES). Total TAXABLE entitlements 36,000 (W-2). I would think they would use the number most beneficial to them and pay a smaller salary.


 


What do you guys think?



Jan 1, 2010 8:49 pm

As one of those guys, here are my thoughts.

(1) My current managing principal calls it the "patina" or life experiences.  We know how to work and we have the discipline to complete the Series 7 and 66.
(2) We generally come with clear backgrounds.  I was surprised how many people who rolled through the firm had financial issues or previous issues with FINRA.
(3) The military network.  That is supposed to translate into a ready pool of eligible clients.
and maybe most importantly...
(4) Money.  If you retire you'll be collecting your retirement pay and can afford to work for mere pittance until your start really producing. 

Jan 2, 2010 6:42 pm

Never met a military type in this business who was successful.

Jan 2, 2010 7:42 pm

Says the guy who apparently never picked up a rifle and stepped on the line.   



I know plenty of successful vets. I also know plenty of them that failed. Being in the military in and of itself does not make you successful.



Firms like military people for one reason: they are trainable. Firms feel if they can train someone to be successful, they WILL be successful.



However, the military has just as many lazy people as the rest of the country.

Jan 2, 2010 9:42 pm
vbrainy:

Never met a military type in this business who was successful.



And how the f*ck would you know every military guy in this business? Guys like us have done more in a month than you have done your entire life.  So go f*ck yourself. 

As Moraen says, not every military veteran is successful.  However, we know how to take instructions and execute.  So when I was told by my first sales manager that I need to have x appointments per week to be successful, that's what I strive for; I don't b*tch and complain like vbrainy's whiny ass. 

Jan 2, 2010 10:17 pm

I should have joined the military...... instead of following the dead around

Jan 4, 2010 1:23 pm
army13A:
vbrainy:

Never met a military type in this business who was successful.



And how the f*ck would you know every military guy in this business? Guys like us have done more in a month than you have done your entire life.  So go f*ck yourself. 

As Moraen says, not every military veteran is successful.  However, we know how to take instructions and execute.  So when I was told by my first sales manager that I need to have x appointments per week to be successful, that's what I strive for; I don't b*tch and complain like vbrainy's whiny ass. 

 
To bad you can't read, pretty aggressive too.  You will go out with a bang.
Jan 4, 2010 3:59 pm
army13A:
vbrainy:

Never met a military type in this business who was successful.



And how the f*ck would you know every military guy in this business? Guys like us have done more in a month than you have done your entire life.  So go f*ck yourself. 

As Moraen says, not every military veteran is successful.  However, we know how to take instructions and execute.  So when I was told by my first sales manager that I need to have x appointments per week to be successful, that's what I strive for; I don't b*tch and complain like vbrainy's whiny ass. 


Army13A-
Was that outburst really necessary?
If you can't control yourself stay off the forum.
 
 
Jan 5, 2010 4:00 pm

Anyone can be successful in this business.  Just have not met a military type who has made it to the upper rungs.


As far as how fantastic and great the experience is, hey if that is how it was for you great.
 
My father raised 6 responsible kids, was loyal to his wife, devoted to his faith and provided for his family for working 7 days a week.  He was a hard working good man---you do not have to be in the military to be able to:
work
learn
follow orders
succeed.
And I agree with on my own.  Army you have way too short of a fuse.  All we need is someone like you with their finger on the button.
Jan 5, 2010 4:17 pm
vbrainy:

Anyone can be successful in this business.  Just have not met a military type who has made it to the upper rungs.

As far as how fantastic and great the experience is, hey if that is how it was for you great.
 
My father raised 6 responsible kids, was loyal to his wife, devoted to his faith and provided for his family for working 7 days a week.  He was a hard working good man---you do not have to be in the military to be able to:
work
learn
follow orders
succeed.
And I agree with on my own.  Army you have way too short of a fuse.  All we need is someone like you with their finger on the button.



Ok.  Now you have gone too far.  The first post you made could be taken as you just sharing what you know (although I don't understand why you felt the need to share, since the question was "Why do firms like former military so much", not "Does anybody know any successful FAs that were former military types").

You are correct, you do not need to be in the military to be able to work, learn, follow orders or succeed.  I am glad that your father, who did not serve, took advantage of the freedoms provided in this country to make that life for himself and his family. 

However, I take exception to your last statement.  While he volunteered for the military, which in no way obligates you to bow down and worship everything he says, he has still participated in serving this country in a way 99% of the country hasn't.  He has fought terror in the most inhospitable places for you.  So that you can be a successful FA.

You have no idea what he has been through.  You want to talk about NOT having someone like him with his finger on the button.  Let me tell you something.  People "like him" saved people like me in Iraq ALL OF THE TIME.  Not to mention that he was fighting against people of his own faith.  I can't imagine what that cost him.

His fuse is short because of your apparent lack of regard for those who served.  That is your right.  That is what this country is all about. 

But for you to talk about not having someone like him with his finger on the button shows your utter lack of understanding for anything we have done.

I would rather you just kept your mouth shut.  If you want to speak about who should be fighting and who shouldn't, then like I said in my previous post:  Pick up a rifle and get on line!

Jan 5, 2010 9:34 pm
on my own:
army13A:
vbrainy:

Never met a military type in this business who was successful.



And how the f*ck would you know every military guy in this business? Guys like us have done more in a month than you have done your entire life.  So go f*ck yourself. 

As Moraen says, not every military veteran is successful.  However, we know how to take instructions and execute.  So when I was told by my first sales manager that I need to have x appointments per week to be successful, that's what I strive for; I don't b*tch and complain like vbrainy's whiny ass. 


Army13A-
Was that outburst really necessary?
If you can't control yourself stay off the forum.
 
 



Was that meant for you? No, so just keep on moving. 

Jan 5, 2010 9:41 pm
Moraen:
vbrainy:

Anyone can be successful in this business.  Just have not met a military type who has made it to the upper rungs.

As far as how fantastic and great the experience is, hey if that is how it was for you great.
 
My father raised 6 responsible kids, was loyal to his wife, devoted to his faith and provided for his family for working 7 days a week.  He was a hard working good man---you do not have to be in the military to be able to:
work
learn
follow orders
succeed.
And I agree with on my own.  Army you have way too short of a fuse.  All we need is someone like you with their finger on the button.



Ok.  Now you have gone too far.  The first post you made could be taken as you just sharing what you know (although I don't understand why you felt the need to share, since the question was "Why do firms like former military so much", not "Does anybody know any successful FAs that were former military types").

You are correct, you do not need to be in the military to be able to work, learn, follow orders or succeed.  I am glad that your father, who did not serve, took advantage of the freedoms provided in this country to make that life for himself and his family. 

However, I take exception to your last statement.  While he volunteered for the military, which in no way obligates you to bow down and worship everything he says, he has still participated in serving this country in a way 99% of the country hasn't.  He has fought terror in the most inhospitable places for you.  So that you can be a successful FA.

You have no idea what he has been through.  You want to talk about NOT having someone like him with his finger on the button.  Let me tell you something.  People "like him" saved people like me in Iraq ALL OF THE TIME.  Not to mention that he was fighting against people of his own faith.  I can't imagine what that cost him.

His fuse is short because of your apparent lack of regard for those who served.  That is your right.  That is what this country is all about. 

But for you to talk about not having someone like him with his finger on the button shows your utter lack of understanding for anything we have done.

I would rather you just kept your mouth shut.  If you want to speak about who should be fighting and who shouldn't, then like I said in my previous post:  Pick up a rifle and get on line!



Like Moraen said, the topic was "Why do firms like former military so much" and not your idiotic comment.  You're probably one of those guys who didn't have the balls to put on a uniform or respond with a "I almost enlisted in the Marines but . . ."

As for your last sentence that Moraen roasted you on, I slept with my finger on the trigger for 15 months in Baghdad while you were chomping on donuts and watching reality tv shows. 

Chris Gardner was a Navy man, genius. 

Jan 6, 2010 7:30 am

"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."



John Stuart Mill