Education

Apr 29, 2008 4:26 am

I’m curious about the educational background of the peeps on this forum.  I want to get an idea of what kind of education you guys have had; of course this sample is a group of FA’s who spend time on this forum.  I’ve read a wide variety of statistics on the educational background  of  FA’s in  the US.  I want to know where this forum stands.
any high school grads?
college grads?
Masters?

Apr 29, 2008 11:51 am

[quote=theboss965]I’m curious about the educational background of the peeps on this forum.  I want to get an idea of what kind of education you guys have had; of course this sample is a group of FA’s who spend time on this forum.  I’ve read a wide variety of statistics on the educational background  of  FA’s in  the US.  I want to know where this forum stands.
any high school grads?
college grads?
Masters?


[/quote]
More than enough education to not be considered anyone’s “peeps.”


Apr 29, 2008 2:08 pm

What are your other “wants”? We need to make sure your wants and needs are tended to.

Apr 29, 2008 5:37 pm

Yeaaaaaaaaaaahhh boyyyyyyyieeeeee!  I gotz a B.S. in Finance for sheezy, know what I’m sayin?  I know a lot of otha pimps and peeps here is probly repin a MBA or some shiz like that fo real. 

  Holla!
Apr 29, 2008 5:46 pm

BS Accounting

Minor Finance & English 1992   PLUS, the Edward Jones KYC, Eval/Grad, PDP, BDW, and Visions advanced training programs!      And Morph is right, after about the age of 22, nobody should use the phrase "peeps".   In addition, any "statistic" you read on edcuation background of this "industry" is really pointless.  After all, where are they getting their stats?  Who do they consider to be in "this industry"? - financial advisors, wholesalers, brokers, insurance agents, bankers, investment advisors..... In addition, after a few years out of school, it really doesn't matter your background.  It is more about the life and work experiences you've picked up.  I majored in Accounting, worked in corporate finance for 12 years prior to this industry.  I learned more in 6 months on the job than in 4 years in college.  This is primarily a relationship business.  You need to be smart enough to know what you don't know, and realize that is why we have analysts reviewing stocks, bonds, funds, SMA's, portfolios, asset allocations, annuities, life insurance, etc., and that you don't NEED to be the guy analyzing all this stuff.  Morningstar helps me review incoming porfolios and do reviews on my clients.  My firm recommends asset weightings and industry/sector allocations, etc.   Maturity also helps keep things in perspective.  At age 23 you might think you should realistically shoot for 14% returns on average.  Maturity helps remind you to be realistic and responsible with client's assets.   This is the thing that you miss being young or new to this business....
Apr 29, 2008 8:32 pm

[quote=Broker24]BS Accounting

Minor Finance & English 1992   PLUS, the Edward Jones KYC, Eval/Grad, PDP, BDW, and Visions advanced training programs!      And Morph is right, after about the age of 22, nobody should use the phrase "peeps".   In addition, any "statistic" you read on edcuation background of this "industry" is really pointless.  After all, where are they getting their stats?  Who do they consider to be in "this industry"? - financial advisors, wholesalers, brokers, insurance agents, bankers, investment advisors..... In addition, after a few years out of school, it really doesn't matter your background.  It is more about the life and work experiences you've picked up.  I majored in Accounting, worked in corporate finance for 12 years prior to this industry.  I learned more in 6 months on the job than in 4 years in college.  This is primarily a relationship business.  You need to be smart enough to know what you don't know, and realize that is why we have analysts reviewing stocks, bonds, funds, SMA's, portfolios, asset allocations, annuities, life insurance, etc., and that you don't NEED to be the guy analyzing all this stuff.  Morningstar helps me review incoming porfolios and do reviews on my clients.  My firm recommends asset weightings and industry/sector allocations, etc.   Maturity also helps keep things in perspective.  At age 23 you might think you should realistically shoot for 14% returns on average.  Maturity helps remind you to be realistic and responsible with client's assets.   This is the thing that you miss being young or new to this business....[/quote]


wow, i didn't expect that kind of response for using the word "peeps" on this forum.  Its a damn forum, not a scientific journal.  maturity - is answering the question at hand.  it is a valid question, so lets not get carried away with vocabulary and what my other 'wants' are.  Lakers, i'll private message you about my 'wants' if you're interested

and for all of you dinosaurs, "peeps" is not really as ghetto as you think.  Trust me, as a 22 year old from a top ten private university, the word "peeps" is okay when used in a forum and should not cause that much of a buzz .  loosen up.



BA in Neuroscience and Behavioral Biology and Psychology
2008

Apr 29, 2008 8:40 pm

Boss, congrats on that top 10 private university.  I hope it wasn't expensive because it doesn't mean **** in the real world.

Apr 29, 2008 9:03 pm

OldSpice, i agree with you to a certain extent.  But the real world is a big place ya know?  and you just said a blanket statement…isn’t it plato that said ‘only idiots think in absolutes’…j/k

it was very expensive.  I appreciate every moment I’ve had at my school.  I can say with confidence that the experience was worth every penny.

anyway, i beg to differ.  Sure, I think a degree is meaningless for certain professions (i.e. porn), but for other professions, it means a lot. 
the people who are privileged enough to graduate from top universities, often find it much easier to get serious jobs after graduation.  Especially with a tough economy, its becoming increasingly difficult to find a job anywhere.  Kids from these universities find it much easier to land top jobs with big firms like Goldman and ML…and thats in the world of finance and banking.  i’m not saying everyone can’t land a good job, but its just a hell of a lot easier when they graduate from these schools…and its easier because these kids worked hard from the start.  It is from these initial stepping stones that my fellow graduates will go on to become CEO’s and Presidents of countries.

and it gets even worse with medical, law, and doctorate professions.  Where you go to school can make or break you in those fields. 

furthermore, i’m not the kind of guy that goes through college and dismisses it as if it doesn’t mean **** in the real world.  Knowledge is paramount.  Going through college, no matter who you are, can open your mind and prepare you for the real world.  That means a lot to me

Apr 29, 2008 9:08 pm

[quote=theboss965] [quote=Broker24]BS Accounting

Minor Finance & English 1992   PLUS, the Edward Jones KYC, Eval/Grad, PDP, BDW, and Visions advanced training programs!      And Morph is right, after about the age of 22, nobody should use the phrase "peeps".   In addition, any "statistic" you read on edcuation background of this "industry" is really pointless.  After all, where are they getting their stats?  Who do they consider to be in "this industry"? - financial advisors, wholesalers, brokers, insurance agents, bankers, investment advisors..... In addition, after a few years out of school, it really doesn't matter your background.  It is more about the life and work experiences you've picked up.  I majored in Accounting, worked in corporate finance for 12 years prior to this industry.  I learned more in 6 months on the job than in 4 years in college.  This is primarily a relationship business.  You need to be smart enough to know what you don't know, and realize that is why we have analysts reviewing stocks, bonds, funds, SMA's, portfolios, asset allocations, annuities, life insurance, etc., and that you don't NEED to be the guy analyzing all this stuff.  Morningstar helps me review incoming porfolios and do reviews on my clients.  My firm recommends asset weightings and industry/sector allocations, etc.   Maturity also helps keep things in perspective.  At age 23 you might think you should realistically shoot for 14% returns on average.  Maturity helps remind you to be realistic and responsible with client's assets.   This is the thing that you miss being young or new to this business....[/quote]


wow, i didn't expect that kind of response for using the word "peeps" on this forum.  Its a damn forum, not a scientific journal.  maturity - is answering the question at hand.  it is a valid question, so lets not get carried away with vocabulary and what my other 'wants' are.  Lakers, i'll private message you about my 'wants' if you're interested

and for all of you dinosaurs, "peeps" is not really as ghetto as you think.  Trust me, as a 22 year old from a top ten private university, the word "peeps" is okay when used in a forum and should not cause that much of a buzz .  loosen up.



BA in Neuroscience and Behavioral Biology and Psychology
2008

[/quote]   My theory (you should understand theories based on your degree) is that you're just looking to start trouble on this forum in between your finals and playing with the XBOX. Based on your degree, I think you're in the wrong forum. It's time for you to go now...your mom is calling you for dinner.  
Apr 29, 2008 9:13 pm

sorry, you must have the wrong guy.  I’m a registered rep! isn’t that the name of this site?  I’m an FA! isn’t this where FA’s come to chat about their jobs? I asked a valid question.  Please answer it or ignore my post.  That is simple mature behavior. 
well you are right about finals…i have two more on thursday and two next week as well.  but still, your theory has been disproven

Apr 29, 2008 9:16 pm

Boss, on this forum, the real world is helping clients achieve their financial goals.  In this section of the real world, your private school doesn't mean squat.  The school may help you land a job, but it won't help a single client of yours.

I graduated from elementary school.  Your original question has no validity because the response won't give you any meaningful information.   

In my experience, I have noticed no difference in the income of highly educated reps and others.  The area that I have noticed a difference is that good looking ex-jock types do much better than analytical nerdy types.
Apr 29, 2008 9:25 pm

You make a good and obvious point.  But the question is still valid.  I am curious, thats all.  Is there a list of things we cannot discuss on this forum? should I assume educational background is off limits.  The term “meaningful information” is subjective. 

The difference is that highly educated people do not always measure their success by income, but rather by achievement and things that last far longer than any piece of green paper ever will. 

and you’re last sentence reflects your educational history.

Apr 29, 2008 9:43 pm

[quote=theboss965]sorry, you must have the wrong guy.  I’m a registered rep! isn’t that the name of this site?  I’m an FA! isn’t this where FA’s come to chat about their jobs? I asked a valid question.  Please answer it or ignore my post.  That is simple mature behavior. 
well you are right about finals…i have two more on thursday and two next week as well.  but still, your theory has been disproven[/quote]
Speaking of valid questions and mature behavior, precisely which license(s) do you hold that make you a registered rep?  And who is your B/D?

Apr 29, 2008 9:49 pm

I guess it’s too late to warn this guy about what he’s just stepped in?

Apr 29, 2008 10:23 pm

[quote=theboss965]



OldSpice, i agree with you to a certain extent. But the real world is a big place ya know? and you just said a blanket statement…isn’t it plato that said ‘only idiots think in absolutes’…j/kit was very expensive. I appreciate every moment I’ve had at my school. I can say with confidence that the experience was worth every penny.anyway, i beg to differ. Sure, I think a degree is meaningless for certain professions (i.e. porn), but for other professions, it means a lot. the people who are privileged enough to graduate from top universities, often find it much easier to get serious jobs after graduation. Especially with a tough economy, its becoming increasingly difficult to find a job anywhere. Kids from these universities find it much easier to land top jobs with big firms like Goldman and ML…and thats in the world of finance and banking. i’m not saying everyone can’t land a good job, but its just a hell of a lot easier when they graduate from these schools…and its easier because these kids worked hard from the start. It is from these initial stepping stones that my fellow graduates will go on to become CEO’s and Presidents of countries.and it gets even worse with medical, law, and doctorate professions. Where you go to school can make or break you in those fields. furthermore, i’m not the kind of guy that goes through college and dismisses it as if it doesn’t mean **** in the real world. Knowledge is paramount. Going through college, no matter who you are, can open your mind and prepare you for the real world. That means a lot to me

[/quote]



So, are you trying to convince us…or yourself.

Apr 29, 2008 10:24 pm

And also, boss, no degree in the world can hide the fact that someone is an a-hole.

Apr 29, 2008 10:29 pm

Hey boss, you ever seen Scarface?  If so, remember “don’t get high on your own supply.”  It sounds like you’re addicted to you’re own Koolaide my man.  Put the cup down and realize your **** smells like ****. 

Apr 29, 2008 10:39 pm

hmm, most of the people on this conference are a** holes.  I joined it, and after reading through hundreds of post, I figured I would try and stay hip and a** hole-like with the crowd.  I mean people on this forum just get butchered if they’re not the butcher.

 Sorry if I came off a** holish.  I guess I was just f***ed before I even signed up for this forum.  I just want some of your opinions.  I mean take a look at the initial responses to my initial question. 
After going through the posts on this forum, I developed a sense of respect for the knowledge and experience some Advisors have on this FA.  I thought I could be enlightened, but the first response I get is a mockery of my word choice on this forum. 
If you don’t care to answer the question, then ignore it, this webspace isn’t your real estate.

Apr 29, 2008 10:43 pm

Morphius, its only fair that you answer my initial question…then i’ll answer yours.

Apr 29, 2008 10:46 pm

[quote=Borker Boy]I guess it’s too late to warn this guy about what he’s just stepped in?[/quote]

Borker, it is too late, yes, but I knew what I was getting into when I signed up. 

Apr 29, 2008 10:52 pm
theboss965:

I guess I was just f***ed before I even signed up for this forum.  I just want some of your opinions.  I mean take a look at the initial responses to my initial question.  I thought I could be enlightened, but the first response I get is a mockery of my word choice on this forum.

  Sorry boss, here's an e-tissue and a vitual hug.  Seriously though, they didn't teach you to have tough skin at your top 10 private university?  If you cry everytime someone curses at you on the phone or slams a door in your face you're going to dehydrate pretty quick in this line of work. 
Apr 29, 2008 10:53 pm

a person with education can do well, as long as they don't have a chip on their shoulder. 

If you're serious about the business, keep in mind that $1MM producers were humble enough to be telemarketers when they first started out.
Apr 29, 2008 11:00 pm

[quote=theboss965]Morphius, its only fair that you answer my initial question…then i’ll answer yours.
[/quote]
You are a non-registered rep who claims to be a registered rep, a non FA who claims to be an FA. That makes you a fraud.  By your own admission your highest educational degree is high school, as you have not yet finished college.  In terms of your silly question, that makes you a high school graduate, nothing more.   You don’t even know what a registered rep is, much less what a B/D is. 

Given that, I could care less what you feel is fair.  I wouldn’t answer any question asked by such a pompous ass, as you don’t deserve the help I could provide.  Wallow in your  ignorance, which is only exceeded by your arrogance.




Apr 29, 2008 11:01 pm

What is the deal with these kids thinking they are entitled to respect and admiration?  Respect is earned, not given.  Boss, your post said (paraphrased) “How can I get others to post their educational background so I can come back with my Ivy League education and show them up.”  You are not an FA, regardless of which licenses you hold.  You are a trainee.  You have received sarcastic and flip responses to your post because the last time our educational background came up was on our resume.  It does not generate one dollar in this business.  The members on this board are not as you so eloquently (sp) stated a**holes, simply brokers that are tired of noobs asking stupid questions that have little or nothing to do with anything that matters and then getting upset when they aren’t patted on the head for attending class.  If you can’t take the heat here, you will never last.  Put on your big boy britches or shut up.

Apr 29, 2008 11:02 pm

BTW, I know I passed the 2nd grade, after that its pretty blurry.

Apr 29, 2008 11:20 pm

Well said morphius.
you’re right.
well, assuming i don’t die in the next week, i will be far more than a high school grad, and i just finished signing with Merrill Lynch.  So, assuming I don’t die soon after that, I will be an FA.  and yes i know what I got myself into by choosing this career.

Apr 29, 2008 11:29 pm

You mean you're not a registered rep?  Ya had me goin there! 

Apr 30, 2008 12:19 am

[quote=theboss965]

hmm, most of the people on this conference are a** holes. I joined it, and after reading through hundreds of post, I figured I would try and stay hip and a** hole-like with the crowd. I mean people on this forum just get butchered if they’re not the butcher. Sorry if I came off a** holish. I guess I was just f***ed before I even signed up for this forum. I just want some of your opinions. I mean take a look at the initial responses to my initial question. After going through the posts on this forum, I developed a sense of respect for the knowledge and experience some Advisors have on this FA. I thought I could be enlightened, but the first response I get is a mockery of my word choice on this forum. If you don’t care to answer the question, then ignore it, this webspace isn’t your real estate.

[/quote]



Your very first post was a shot at the legitimacy of EDJ advisors; and then followed up with demands for information. That’s like groping a girl and then demanding that she give her number.

Apr 30, 2008 12:58 am

It goes to show that even someone who is going to have a BA in Neuroscience and Behavioral Biology and Psychology from a Top 10 private university can be a freakin idiot!

 
 
Apr 30, 2008 1:04 am

It’s the internet… both sides are hyperbole.  You gotta give shit, and you gotta take shit.  Keeps things fun.

Oh yeah, Bachelors in politics / art minor from a state school, and not an FA.

Apr 30, 2008 3:21 am

Boss, I'd like to add, it sounds like you've reaped the benefits of your top 10 school by getting the job at ML.  Now that school doesn't mean anything.  Companies aren't looking at you any more, people with money to invest are.  And here's what they're saying: 

Should I invest with:

1) This kid who's still using proactive to clean the pimples on his face,

or

2) This guy with 10+ years of market experience

We can tell you that all we want though and you don't have to listen to a word of it, but soon enough, the real world is going to put it right there in your face and the real world is going to use your fancy private school diploma for toilet paper.

Apr 30, 2008 3:39 am

the top ten list i’m referring to, icecold, is the US news and world report.  I can’t tell if you’re being sarcastic, but that is the national standard list.  i’m gonna assume you didn’t know, as you’ve proven to be a true idiot like many others on this forum. 



Oh i didn’t want to say this earlier, cuz for some reason my hard work as a college student and small business owner came off as pompous. 

Here’s the pompous part you a$$holes.  I’m inheriting a $120MM book to start out.  Its nice to have parents and uncles in the right places isn’t it?  I like to think of it as a scholarship for doing so well in school. 
ahhh…that felt so good.

its gonna be tough, but i wanted to skip the cold call part.

Apr 30, 2008 3:46 am

[quote=theboss965] the top ten list i’m referring to, icecold, is the US news and world report. I can’t tell if you’re being sarcastic, but that is the national standard list. i’m gonna assume you didn’t know, as you’ve proven to be a true idiot like many others on this forum. Oh i didn’t want to say this earlier, cuz for some reason my hard work as a college student and small business owner came off as pompous. Here’s the pompous part you a$$holes. I’m inheriting a $12MM book to start out. Its nice to have parents and uncles in the right places isn’t it? I like to think of it as a scholarship for doing so well in school. ahhh…that felt so good.its gonna be tough, but i wanted to skip the cold call part.

[/quote]





Be sure to keep us posted on how many of the clients in your “gifted” book take their assets elsewhere after meeting you.

Apr 30, 2008 3:46 am

typo, 120MM

Apr 30, 2008 3:48 am

i’m sorry i come off as an a$$hole.  Maybe you should try not being such an a$$hole next time a rookie comes by with questions.

Apr 30, 2008 3:52 am

and by that you mean, “shit, i’m envious of this ass”

Apr 30, 2008 3:52 am

[quote=theboss965] i’m sorry i come off as an a$$hole. Maybe you should try not being such an a$$hole next time a rookie comes by with questions.

[/quote]



Hey, dickweed. This was your first post on here:



"NOLA, you speak as if being an FA for Edward Jones is a legit job…"



I’m sorry that I mistook this for you being a spoiled little asshole.

Apr 30, 2008 3:55 am

yay now we’re not even censoring words.  Who are you NOLA?  go back to the hut you came from.  By being an asshole here, i’m making a point.  go read the responses to so many “rookies” all across this forum.  Everyone here is such an asshole, and now when I show up, and i’m an asshole in my first post, everyone is shitting in their shoes.
I’m not spoiled
I worked hard to get to where I am, and I will continue to work harder to become far more than I can imagine.

Apr 30, 2008 3:57 am

this petty talk makes me grow tired of this forum.  I thought it was worth sifting through the bullshit and holding out for a little bit.  but its not.  You guys can dwell in your shit, unfulfilled lives and keep calling out every rookie that shows up.  

Apr 30, 2008 4:04 am

i’m assuming that translates to, “i’m pissed because I spent 5 years prospecting for a shit book” at a shit firm. who are yoU?

Apr 30, 2008 4:06 am

this is almost fun. wanna keep going a$$hole?  you’re the veteran here. I’m young man, i can act like this.  I’m just procrastinating during finals…what are you doing here?  shouldn’t u be tucking your grandson into bed?

Apr 30, 2008 4:07 am

see the thing about forums is that, the mature thing to do is not participate.  There are always assholes who fuck around and every now and then theres  a good post worth reading.  but this is the forum at its best.

Apr 30, 2008 4:25 am

Hope all is well in advisor land.
I am curious about relocating after being hired as an FA.  Lets say you work for a firm like ML or EDJ (i know these firms have strict contracts) for about a year, and you’ve only just started to build business and you’re performing at average levels. 
Then, for serious reasons, you need to move across the country.  Is it possible to keep the job at all (keep your clients, or start from scratch in a new city), or do you just quit and end up paying for training costs?

    Seems strange you would ask this question considering your sizable inheritance.  Why would you include EDJ?  Why would you say performing at average levels?  Why would you say starting to build a business?  WAIT, I have figured it out.  They are lies!!!  Quick question, did they not teach grammar or puncuation at your top 10 school?  While we are asking, what is the name of this imaginary business you started in high school?  How did you get around ML's policy against nepotism?
Apr 30, 2008 4:36 am

Boss, you should really update your Xanga page

Apr 30, 2008 4:37 am

i was being modest and not to revealing.  What are you doing up so late?  go to bed?  you’ve gotta go sell used cars tomorrow morning, oops your an FA.

Apr 30, 2008 5:12 am

If half this pompous aire comes out when you become a fullfledged FA you’re going to be the best thing that happened to the other FA’s in your city.

I’m all for talking crap on the net, but if there is truth to any of this, especially the attitude that sits between the lines you may be in for a wicked reality check.

Confidence, and open ears are good, arrogance and an open mouth isn’t.

Apr 30, 2008 5:15 am

Am I so out of touch that Emory became a top 10 school?  Which top 10 list?  Top 10 in Atlanta?

Apr 30, 2008 5:18 am

17th, 10th… who is counting?

Apr 30, 2008 5:18 am

That is just not nice

Apr 30, 2008 5:22 am

For a minute, I thought this might be Toby.

Apr 30, 2008 5:47 am

We can schedule your review for Wednesday evening right after band practice, or would Friday night during the intermission work better?

Apr 30, 2008 7:01 am

you guys are still up?
good try with the id search.  you guys found me out so soon?!
…he’s got a couple other bands too i think. 

i meant it when i said top ten bud.
emery’s good, but not quite there.

Oh here’s an idea, why dont you try facebook?

Once again, i just had a couple of valid questions.

Apr 30, 2008 2:12 pm

If that’s not you, be thankful.  That guy looks like the Indian version of Napolean Dynamite.  I can just see the family now:  “Well little Robeen didn’t make it to far with the rock star thing, now lets give him every penny we have because I know he’s going to be the best gosh darn Financial Advisor in the south!”

  And this could be that guy's pitch for new clients: "Invest with me and my band will play at your kid's bar mitzvah or birthday for free!"
Apr 30, 2008 2:12 pm

[quote=anonymous]

Boss, on this forum, the real world is helping clients achieve their financial goals.  In this section of the real world, your private school doesn't mean squat.  The school may help you land a job, but it won't help a single client of yours.

I graduated from elementary school.  Your original question has no validity because the response won't give you any meaningful information.   

In my experience, I have noticed no difference in the income of highly educated reps and others.  The area that I have noticed a difference is that good looking ex-jock types do much better than analytical nerdy types.[/quote]   Not true, Anon.  My production has been about average, and I am really, really good looking.  I also used to be a college quarterback and D-1 hoops player.   Hey, you can be anyone you want on an blog!
Apr 30, 2008 2:42 pm

I run with the bulls in Pamplona every year and have climbed Everest seven times. I even once made Chuck Norris cry.

Apr 30, 2008 3:03 pm

I won the Kentucky Derby last year before being put down, now I’ve been reincarnated as a hopefully soon to be financial advisor and message board addict.   Not to make you all jealous, but all of the other horses have already promised to invest their winnings with me, which means I’ll be starting out with a book that will put more than enough grain on the table.

Apr 30, 2008 10:32 pm
theboss965:

you guys are still up?
good try with the id search.  you guys found me out so soon?!
…he’s got a couple other bands too i think. 

i meant it when i said top ten bud.
emery’s good, but not quite there.

Oh here’s an idea, why dont you try facebook?

Once again, i just had a couple of valid questions.

  Not if your situation is as you now claim (which it isn't).  So are you a liar or a douche?  Both?
May 1, 2008 4:13 pm

MBA Finance

B.S Finance
May 1, 2008 4:47 pm

“I did not go to business school. You know who else didn’t go to business school? LeBron James, Tracy McGrady, Kobe Bryant. They went right from high school to the NBA, so … so it’s not the same thing, at all.”

-Michael Scott