Krawcheck's Training?

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Oct 12, 2009 6:10 pm

I loved the comment Krawcheck made regarding the source of new brokers going to ML. "We have a rich history of hiring & traing, growing our own." BS...there is no effective way to "train" someone to do what we do, who will reach any significant level without being thrown a bone. For every 100 quota trainees hired at a firm, 2 or 3 might make it. It is almost sad to see the hope and ambition fade into....ohhhhhh how am I ever going to make this work. Keep Buying brokers....it's the only way to build.   

Oct 12, 2009 7:09 pm
pewter:

I loved the comment Krawcheck made regarding the source of new brokers going to ML. "We have a rich history of hiring & traing, growing our own." BS...there is no effective way to "train" someone to do what we do, who will reach any significant level without being thrown a bone. For every 100 quota trainees hired at a firm, 2 or 3 might make it. It is almost sad to see the hope and ambition fade into....ohhhhhh how am I ever going to make this work. Keep Buying brokers....it's the only way to build.





that aint MER.   this job is hard.

Oct 12, 2009 9:18 pm

ML Gone, I know there are a lot of producers on this board that have 2x the AUM that I do. But for all the smack you talk I was sure you had more than 30MM. If I only had 30MM after 7 years I would get of the message board and get to work.

Oct 13, 2009 9:47 am

Shania, please change your picture back to the old one. When I log on from my blackberry I see a full body shot, and I miss that.

Oct 13, 2009 12:16 pm

  1 1/2 years to get licensed?  How many times did you have to take the tests? 

Oct 13, 2009 11:11 pm
mlgone:

I was there 7 years. I was one of 3 that made it from at least 75 trainees that I saw. There was no training program as far as I saw. Sink or swim. The culture is only becoming more that way. Hire Fire and pass the assets to the outside offices was the protocal.



Hee Hee but I took 30 million when I left......lol lol



LOS 7 and $30 million in assets is Quintile 5 at Merrill Lynch
$30 million in assets at 80bps is $240,000 in production

Good bye