Read an article on being a Financial Advisor and how its a hot job prospect... | TigerDroppings.com

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GFunk
LSU Fan
Denham Springs
Member since Feb 2011
8530 posts

Read an article on being a Financial Advisor and how its a hot job prospect...


Seems that many folks wanna zoom straight up the ladder, and that many FA's are currently within a decade from retirement. Average starting salary-or maybe just the average salary in general-is $64K/year.

Also never realized you didn't have to go to college to get your finance or accounting degree in order to become one, though you do need to pass some courses to become certified.

What's the MT take on becoming an FA as a recent college grad? I'd like it here but I read it in a section of my Flipboard app on my iPad 2 last night.







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Broke
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AKA Buttercup
Member since Sep 2006
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re: Read an article on being a Financial Advisor and how its a hot job prospect...


If you want a life of ridiculously hard sales, try being a FA. You will starve the first few years and you will knock on doors, cold call, beg people to do business with you. You will work weekends and some nights. You have the financial well being of 300 households in the palm of your hand. If you frick it up, they go broke. They will love you sometimes, they will hate you sometimes. You will gain customers and lose close customers that you thought were friends. You will spend a huge chunk of time handling mind numbing compliance bull shite and taking continuing education classes. The paperwork today is almost overwhelming

Can you handle that?






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dagrippa
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Saigon
Member since Nov 2004
1596 posts

re: Read an article on being a Financial Advisor and how its a hot job prospect...


I know many people in the industry and I would never tell a kid fresh out of college that it's a legit option for employment. No one wants to give a kid their retirement money.





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Janky
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Team Primo
Member since Jun 2011
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re: Read an article on being a Financial Advisor and how its a hot job prospect...


quote:

If you want a life of ridiculously hard sales, try being a FA. You will starve the first few years and you will knock on doors, cold call, beg people to do business with you. You will work weekends and some nights. You have the financial well being of 300 households in the palm of your hand. If you frick it up, they go broke. They will love you sometimes, they will hate you sometimes. You will gain customers and lose close customers that you thought were friends. You will spend a huge chunk of time handling mind numbing compliance bull shite and taking continuing education classes. The paperwork today is almost overwhelming



Dang Broke. I have beeen doing this for 11 years and you make me want to quit.



This post was edited on 12/27 at 10:15 am


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Rockyn
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Tampa Bay
Member since Sep 2008
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re: Read an article on being a Financial Advisor and how its a hot job prospect...


FAs will always be glorified insurance salesmen to me.

That profession provides increasingly less value added.



This post was edited on 12/27 at 9:51 am


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56384 posts
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re: Read an article on being a Financial Advisor and how its a hot job prospect...


quote:

FAs will always be glorified insurance salesmen to me.

That profession provides increasingly less value added.


Well if you want to piss away countless hours doing your own investments, that's totally fine with me. But most people don't want to be bothered with the formalities of learning the ins and outs. That's why I have a job.






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