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| *Ostroff, Fair and Company>>>Financial Services |
I am just hired with a stock brokerage firm in New York.AND? |
I am just hired with a stock brokerage firm in New York. They are giving me study pay to study for the series 7 exam for 6 weeks. Then study for the series 63 exam. After that I go into selling training for a few weeks. Then that put me on the phones and into production. I will get like 50K base pay for a year then I am on commissions. I see now that the company has on there web site we are looking for sales rep. They offer free dinner for all who will interview with them. They only have 50 reps but are always training 10 reps. I am starting to think that only keep one or two and fire the rest. Kind of like trying out for sports teem. Am I right? It is not that they fire the rest but instead the rest decided to go. Sells based solely on commission is pretty hard, especially in NYC. My suggestion is to get as much out of the company as you can. Get your Series exams done on their nickles, and be on the look out for another job after the first year. Best wishes. Why are 鈥渓ooking a gift horse in the mouth鈥? You are on the right track. IF your attitude changes AND your supervisor notices it, how long do you think your employer is going to put up with you and your shenanigans? I can ABSOLUTELY promise you, there are AT LEAST 100 folks out here looking for the kind of opportunity you HAVE AND were afforded! You did a terrific job selling yourself, didn鈥檛 you? You don鈥檛 think you sold yourself AND your new employer 鈥渂ought鈥?your attitude and your initiative? Think again. Take that bull by the horns, buckle-down, study hard for that Series 7 exam, PASS IT - THEN DO YOUR VERY BEST to be THE BEST at whatever position you are assigned. THEN do the same with the Series 63 exam. Seven [7] very important suggestions [and if you don鈥檛 do these, you have no one to blame but yourself]: 1] Look into a course which helps folks get ready for that Series 7 exam. Enroll in it. Attend the classes. AND YOU SHOULD BE MILES ahead of those who don鈥檛! 2] FIND AT LEAST one mentor. Someone who went down the road you are getting ready to go dow. Confide in him or her. Ask LOTS of questions. Pay attention to those answers! 3] Learn from your mistakes. Make improvements on your decisions. 4] Follow through. 5] For ONLY one hour each day, continue with your own self-education: How? By reading just five (5) pages from a book which is applicable to your chosen vocation 6] Journal every day! Keep a journal on your computer. It makes life A LOT easier! 7] Do the same for others. Due to the fact I MUST move-on to other folks with just as important Qs as the one you posed, I鈥檓 leaving you with a few of my favorite sayings: There are two old sayings: A] "So, you thought --- and think --- education is expensive? Just wait until you try ignorance." B] "The only stupid question is the question you don't ask." Remember this: When you are in a group and you or someone else asks a question; that question being asked could be a question one or more folks have on their mind, BUT are afraid to ask. DON'T be afraid to ask questions - and keep asking questions until you get understandable answers to your questions. This requires persistence and tenacity. Will some folks think you're a pain in the neck [and another place]? Absolutely. Don't settle for "fluff" answers or "smoke and mirrors" answers. At the beginning of one of my mentoring sessions, one of my mentors wrote the following in green, red and black felt-tipped markers on the whiteboard: Remember this: SW3 - N! [When he wrote it, there was no answer. For three days it was on that board.] Some Will . Some Won't So What! NEXT! Wish in one hand, pee in the other - - - See which one gets filled first! If you have any doubts about any of the points I mentioned, it might not be a bad idea "to get your ducks lined-up" before you get into something WAAYYYY over your head. Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading my answer. Thanks to everyone for reading my answer. I wish you well! VTY, Ron Berue Yes, that is my real last name. My wonderful family. In the real estate business over 33 years in Pennsylvania My wonderful mentors. 鈥淭HE University of Hard Knocks鈥? |
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