Skip navigation

MBA v. FA

or Register to post new content in the forum

27 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
May 18, 2006 8:55 pm

[quote=rookie72]I had my interview with AGE this morning.  After considerable thought, I came to the conclusion the right now isn't the right time for me to get in the business.  I explained to the branch manager that I thought it would be best to finish the MBA, then reevaluate my options, he agreed.

We had an interesting discussion concerning what I could do between now and then to better prepare myself for the transition between careers.  Besides networking, obviously, he suggested I read "The Millionaire Next Door", keep up on the industry, stay in touch quarterly, and build up a savings to dip into if I need to.  I'm interested in hearing what you think should be done a year out from becoming a FA. 
[/quote]

id be wary of any place that wants you to build up a savings

May 19, 2006 10:51 pm

Hell yeah man.. That book should be a course in the 6th, 7th and 8th grades. People now a days don't have a clue and the "Millionare Next Door" & "Millionare Mind" lead the way on common sense to be successful in life!

Good advice I would trust the guy.

May 28, 2006 10:50 pm

It's amazing- I also have an MBA that I just completed 6 months ago and haven't been able to find work since. I've worked various jobs while in undergrad and grad school. Before that time, I interned at the best sports network in the world in marketing for 3 months and with a professional basketball organization in PR for 5 months (undergrad major was sport & entertainment management).

My dual-concentration in the MBA program was entrepreneurship & finance. I can't even get an interview and I feel as though I just don't have enough or the right experience. I have hardly any sales experience and I AM limiting myself to Central New York which makes it tougher.

I know eventually I NEED to run my own business. I can't stand the thought of being a 'yes-man' (no offense to those employees out there). I'm 26- so I feel like I need to get going. At the same time, I know I want a big challenge and don't mind taking a risk (no kids yet).

I've looked into Edward Jones because:

a.) they're one of the highest ranks firms to work for in the U.S. (#16 in Forbes)

b.) being a financial advisor (or is it adviser) is one of the "best jobs" to have in the U.S. (#3 in Forbes)

I'm no stranger to hard work, I just want my hard work to pay off down the line. Suggestions on my fit for this industry, based off what you know?

May 29, 2006 4:28 am

[quote=NeverIffey3]

It’s amazing- I also have an MBA that I just completed 6 months ago and haven’t been able to find work since. I’ve worked various jobs while in undergrad and grad school. Before that time, I interned at the best sports network in the world in marketing for 3 months and with a professional basketball organization in PR for 5 months (undergrad major was sport & entertainment management).

My dual-concentration in the MBA program was entrepreneurship & finance. I can't even get an interview and I feel as though I just don't have enough or the right experience. I have hardly any sales experience and I AM limiting myself to Central New York which makes it tougher.

I know eventually I NEED to run my own business. I can't stand the thought of being a 'yes-man' (no offense to those employees out there). I'm 26- so I feel like I need to get going. At the same time, I know I want a big challenge and don't mind taking a risk (no kids yet).

I've looked into Edward Jones because:

a.) they're one of the highest ranks firms to work for in the U.S. (#16 in Forbes)

b.) being a financial advisor (or is it adviser) is one of the "best jobs" to have in the U.S. (#3 in Forbes)

I'm no stranger to hard work, I just want my hard work to pay off down the line. Suggestions on my fit for this industry, based off what you know?

[/quote]

Aside from your geographic limitations....have you ever had a PAID job for longer than one year?  It sounds like you went straight from undergrad to grad, and thus have limited experience.  That's going to make it hard for you to get a sales position with any of the major firms.
May 29, 2006 5:28 am

I have not had a paid job for longer than 1 year. I worked for 8 months in New York City before I went to grad. school.

May 29, 2006 5:42 am

Jones would work as a start…you may feel overqualified at times once you get there (despite your lack of work experience); at a min you’ll feel way overeducated (if that’s a word…).  The beauty of the career is it provides exactly what it sounds like you want (control of time, income, geographic location, no travel, interesting work, etc) IF you put in the mentally and emotionally grueling energy to survive.  They do a decent job giving you their “recipe” on how to build the beginnings of a successfuly business.  Once you have even the slightest proof that you will make it long term, you’ll have more options than you can shake a stick at–maybe that’s 3-4 years into it.  Then it’s all good, even if it’s not all easy by then, but you’ll be on a great path.

May 29, 2006 6:07 pm

Cracks me up how many people run out and get there MBA and have no idea what they want to do for a living…  I wish I could buy stock in state universities