Career Transitions for Financial Sales

Hey everyone, I was curious to learn more about the different directions that those who do financial sales go.

I'm still trying to get an entry-level position since graduating, and suffice to say, I'm getting pretty antsy and might have to "settle" sometime soon. But the pickings are looking slimmer for me the longer the search drags on, so I've been contemplating sales.

Some of the job postings that I am seeing on my school's career site lately are financial sales for companies like deVere Group, Financial Northeastern, etc (never heard of any of these companies).

I was hoping for more clarity as to what exit opportunities are for these kinds of roles. What I do like is the idea of getting the Series 7 and 63 to my name, but I don't want to feel as if I am constrained to only sales opportunities. What entices me about starting a career in sales as well is that the networking opportunities ought to be bountiful, right?

How often do you see people starting in these kinds of sales positions (that aren't with banks) and transitioning to AM/Trading/helping to build an MBA profile?

 
Best Response

I hope you've made the right choice and not gone anywhere near devere. If you look at their operations, particularly in jurisdictions with less regulations, they are complete farce and utter crooks.

I used to work for company Z and devere used to be our broker; and they lie. They lie a lot. They lie to their prospective customers, current customers, they're racists (e.g. I know in Dubai they did not consider none-whites to be viable customers so would get thoroughly disappointed when doing new client checks - and subsequently not contact them again), they are not qualified in many areas blah blah. You can do better. You are not learning 'financial sales' in the right way at devere and you won't be able to apply what you learn at devere at top financial institutions.

 

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