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Old 11-11-2005, 01:14 AM
SmartBlondeGPhB SmartBlondeGPhB is offline
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Join Date: Dec 2002
Location: Puget Sound, WA
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Re: Financial Advisor/Personal Banker

Quote:
Originally posted by bucutie02
Well I am finally graduating in December, and I dont know what to do afterwards.

Currently I am a bank teller. I was talking to my district manager the other day, and she said she doesnt want to lose me, so she asked me if I ever thought about becoming a personal banker. Personal bankers are the people you go to at banks that open new accounts or help you with customer service questions. I can also get my licenses that the bank will pay for so I can do investments and insurance.

I have also been interviewing with Ameriprise Financial, which was formerly known as American Express Financial Advisors. I've been to one interview, and then I have orientation next week, and then two more steps. I dont know too much about this, the position is for a financial advisor, but i guess i will get more information in the orientation and second interview.

Another thing is salary. I have never worked full time, thus I have never had a salary. My friends are telling me that since I will have a degree in finance, I should be asking for about 40,000-45,000. I dont know if that is resonable considering I dont have much experience, Ive only been a teller for about 7 months.

I never thought I would enjoy sales, but it has come easier than expected for me. I am currently #1 in my branch as far as sales go, and about # 2 in the district.

I just want some advice in deciding what to do. I am pretty sure that the personal banker position would be a guarantee, but I dont know about the Financial Advisor position for Ameriprise because I am still in the interviewing process.

Also- what would be a good salary range to ask for??

Ameriprise is NOT salaried and not a company that you "ask". It's a sales career and while they do offer a base (I've been to their interviews) it's mostly commission and you have to find your own leads. It's highly unlikely that you will make $40K your first year.

Financial advising is not much finance and VERY much sales. You will be doing quite a bit of cold calling.

ETA: The industry as a whole is HIGH turnover and very few people make it. If you like sales, you will have an easier time with it but I used to work with people who were good at sales and they have since left the same company I left.
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