UBS/SB/MS/ML Entry

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Aug 28, 2007 4:51 pm

Which firm is the easiest to get hired as a FA after college?


Which one has the most lenient production goals (as I don't want to get axed)?

Aug 29, 2007 9:43 am

Why would you want the easiest?  Did you pick your college on which one you thought would be easiest?  You want the easiest, pick primerica.  Very lenient/non-existant goals, non-existant career.

Aug 29, 2007 8:24 pm
henryhill:

Why would you want the easiest?  Did you pick your college on which one you thought would be easiest?  You want the easiest, pick primerica.  Very lenient/non-existant goals, non-existant career.


It's for job security reasons...it doesn't necessarily mean I won't work myself to the ground. I do intend on doing every bit of that.

Aug 29, 2007 8:28 pm

Let me see if I have this right?


You're looking for job security and you are thinking of joining a brokerage firm?

Aug 30, 2007 3:18 pm
troll:

Let me see if I have this right?


You're looking for job security and you are thinking of joining a brokerage firm?



 

Aug 30, 2007 3:54 pm

I'm with you...these are the troll-partycrasher posts I enjoy...

Aug 30, 2007 4:33 pm

They all have high production goals.  They vary slightly, but they're similar enough that if you couldn't make it at one, you couldn't make it at any of them.


If you want easy, try Ameriprise.  Anyone that can fog a mirror can be accepted into their P1 program; and I think if you bring in $2mm your first year you're a superstar.


JimYoung:

Which firm is the easiest to get hired as a FA after college?


Which one has the most lenient production goals (as I don't want to get axed)?

Aug 30, 2007 10:06 pm

Don't do it right out of college.  Good luck.

Sep 1, 2007 11:58 am

At ML you have to get 15 million in assets in about 2.5 years (with a
salary of under 40k).  During that time there are quarterly
hurdles you must achieve (800km 1mill, 1.5 mil. etc...).  If you
do not hit the hurdle your are on a "Do Not Meet" list.  If you
are on that list for a quarter or two you are typically let go. 
It is very difficult but of you get it done you end up with a base to
build from (earning roughly 80K based on fee's charged).   

Sep 8, 2007 10:21 pm
rightway:

At ML you have to get 15 million in assets in about 2.5 years (with a salary of under 40k).  During that time there are quarterly hurdles you must achieve (800km 1mill, 1.5 mil. etc...).  If you do not hit the hurdle your are on a "Do Not Meet" list.  If you are on that list for a quarter or two you are typically let go.  It is very difficult but of you get it done you end up with a base to build from (earning roughly 80K based on fee's charged).   


By any chance, do you know how extensive the sales/product training is?