American Express Financial Advisor??

mustard-
go to Merrill or Morgan.....you have to trick them into believing you're the best salesman that ever lived.....but if you do you can get your 7,63...and get $40-$50k...while you're studying...then you can quit or whatever....don't settle for $7....besides Amex advisors is a terrible place to work....if you're gonna do it...at least get a good firm.
good luck
 
You're young, go and try it out. The experience can only be good for you. A job is a job at this point, you can try to find another one while you are working for AMEX.

After all, you are not going to MARRY them....
 
You will hear a lot of "dialing and smiling" :) stuff. Actually I am giving my "planner" job resignation tomorrow. The intellect of the people in the industry is enough to pass the 7's with 73% on average if they pass and to sell VA and Mutual funds. Get ready for some "coaching" and cold calling techniques.
Wish ya luck
 
Originally posted by mustardseeds
I want to become a backed proprietary trader. I'm having a hard time getting anywhere with the phone calls and resume thingy due to little work experience and only 1 year college.

American Express Financial Advisors will hire me to become a financial advisor, and in the process, pay me to get my series 7 and 55 licenses.

They will pay me 7 bucks an hour for 3 months to school me to get these licenses.

My main goal is to become a trader, not a financial advisor. Do you think this is a good route?

Also, does anyone know of this specific career? They say their financial advisors manage money/assets by their third year. It's normal to manage 50 million.

They pay 2k a month draw until you get commissions from selling/recommending products to their customers.

Would this be a realistic carreer to take up to support my trading goals? Should I just get my licenses with them and split? Or should I be looking elsewhere entirely?

thanks.
More...

I had a friend who went through that program recently. He was a high-level manager at Nortel before he got laid off. A year before that, he was a high-level manager at IBM.

He took the classes, passed the tests, but did it on his own time. They give you $$$ bonuses that way if you pass and you don't have to sit in an office and study for minimum wage.

He had extensive contacts and deep ties in the community. His idea was to work with his contacts. He had made arrangements to give presentations to various groups from the community and at IBM and Nortel. He was in it to make money the right way. This guy was no dummy - smart and hard working.

He collected his money for passing the tests. Went in and presented him with his plan. They weren't interested. All they wanted him to do was get on the phone and make 300 cold calls a day. There were guys there that had been there for a few years and were still just cold calling.

Bonus in hand, he walked out and took his licenses to another firm (not sure who) that was open to his plan. Within a few months, he was on track to meeting his prior management salary. He did it his way.

You should too. Unless you're good making cold calls.
 
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