I work for the state.
2007-12-03 09:30:33 · 6 answers · asked by Defunct 5 in Business & Finance ➔ Careers & Employment ➔ Financial Services
A sales job (and financial advisory would be almost entirely sales) would be as different from a government job as you can imagine.
Financial Advisors (they used to be called either "insurance agents" or "stockbrokers") spend most of their time prospecting for clients, closing sales, and servicing insurance or investment accounts. If you're not on the phone making appointments, you'll need to be closing sales, at an appointment.
You'll need a life and health insurance license and NASD series licenses (usually 6&7) to sell annuities and variable products. They're not terribly hard to get (I'm licensed for all lines) but you do have to study.
Most agencies or shops will reimburse you for their cost (a couple hundred, usually) and may or may not charge you for your E&O coverage (errors and ommissions, which is similar to malpractice).
Your income is theoretically unlimited, but it's almost entirely up to you to find clients, pitch them, get the policies or products through underwriting, and service them later. You'll be selling them face to face at either their office or their home.
Good clients can last you your whole career, and if you stick with it you can do quite well.
But - if the thought of cold calling, rejection, a few weeks or months with little or no money, selling, etc, leaves you cold, I'd stick with the state job. If you really hate the state job and want something more challenging, less structured, and potentially more lucrative, be an FA.
It can be a great opportunity - if you're persuasive, thick skinned, determined, versatile, flexible and very disciplined - but it's not for everyone - definitely not the shy, fearful, sensitive, or lazy.
There's not a lot of difference between being an FA for Edward Jones, A G Edwards, Merril Lynch, Banker's Life, Met Life, Bank of Whatever - your duties, compensation, and products will all be pretty similar.
2007-12-03 10:06:09 · answer #1 · answered by Andrew S 4 · 1⤊ 0⤋
Edward Jones Financial Advisor Career
2016-11-06 21:15:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
choose for some thing extra aggressive for now. in case you don't love it you could change out. it incredibly is much less confusing to change into wealth administration than any different way around. only having a type of on your resume (esp in case you will get them in this financial gadget) will stay with you. If I have been you, i might attempt aroud 2 years in consulting or IB, the place you will make the connections to have your guy or woman wealth administration gig. i know it sounds ambitious, yet you're clever and entrepreneurial. it incredibly is thoroughly a relationships business enterprise. With an Ivy, you do not want "Edward Jones." this could be a lot extra precious interior the long-term (financially and not). It retains extra doorways open, etc. yet of direction, i'm not you so sturdy luck and that i'm hoping that facilitates.
2016-12-10 11:33:55 · answer #3 · answered by schaner 4 · 0⤊ 0⤋
Depends on how good you are at sales and convincing people. It is 90% sales and 10% financial advising.
2007-12-03 12:29:15 · answer #4 · answered by SterlingRose7 2 · 0⤊ 0⤋
If you can stand lots of cold calling! Until you get established that's all you'll be doing. They even go door to door.
2007-12-04 08:14:31 · answer #5 · answered by nhij 4 · 0⤊ 0⤋
I think you would end up doing more sales than you expect and less analyzing the market.
2007-12-03 09:35:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋