HSBC brokerage?help

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Oct 31, 2005 1:12 pm

I was offered to start as a sales assistant for HSBC.  I just graduated from college in May and have my series 7.  Is this a good opportunity?  Does anyone know anything about HSBC?

Oct 31, 2005 2:00 pm

Is it strictly an assistant position, or would you be able to produce a little, too?

What area of the country are you in?

Oct 31, 2005 2:01 pm

Chinese of the biggest in the world.  Huge presence in NYC.  I even use their index linked CD's now and again.

I started out as a sales assistant for a big bank in the South.  Glad I did it for sure.  If the salary is enough for you, it gives you a "free look" period to learn more about the business.  If the money is right, I say go for it...whether you become a broker yourself when your 23 or wait till your 26 isn't as nearly as important as making it once you get in, you know?

Nov 1, 2005 7:12 am

Depends on what part of the country you are in as HSBC went through a major acquistion phase a number of years ago.  In the NE they bought Marine Midland which had a large presence in NY State.

It's a big organization that has "referral" quotas in the branches (like most bank based brokerages).

Nov 1, 2005 3:41 pm

It’s a great way to get your feet wet and get a sense of what the business is like before you have to meet production quotas and bring in your own clients.  You also learn how to deal with operational issues…as a new advisor you’ll most likely have little or no admin help, so it will be useful knowledge when you’re staring out!

Nov 2, 2005 2:20 am

im located in nyc