Quote:
Originally posted by SmartBlondeGPhB
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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I have to agree.
I almost tried something similiar (but w/ a different company) and while it seems great (WHOA! I can make so much money!) I steered clear b/c it definitely didn't seem like something I wanted to do.
I'm pretty sure a bunch of other areas do this-- you know those fishbowls in restaurants that say "Put your business card there and you could win a FREE lunch for you and 198324 of your coworkers" ? Those are from financial advisors looking to hook a few more fish. The meals get comped from the company (I think) but the fact that they have to do several of those every single week would drive me bonkers.
It could just be that it's not my cup of tea and possibly someone elses.
I don't think it's unlikely that you could make $40K your first year, but it definitely depends on the field you're in and probably what area. One of my close friends made that much during her first year of teaching kinder.
At my first job I was making about $35K which was higher than my friend who made $30 his first year (he is a computer programmer... of course that was about 3 yrs ago.. now he's making more than that b/c he's way more experienced). Six months into my first job I was fortunate to get another job and now I'm making WAY MORE than I was just a couple of months ago (and I haven't even been out of school more than a year)