Anyone work for Merrill Lynch, Morgan Stanley or other financial?

[EnderJE]

How long have you been doing this?

What were you doing before this?

How long did it take to get clients?

I was told the first two years I'd have to work:

Mon and Tues: 7:30 - 6:30
Wed and Thurs: 730 - 730
Fri: til 530
Sat once a month....

How are bonuses? How often are they?

How many out of 20 start out actually make it as a FA?

If I do this, I'd be selling my business which has been my life for the last 10 years or so...big decision, I want to make sure I really want to do it!

Thanks again!

I'm curious. Why those specific hours for those sets of days? I'm thinking you'd be working 12 hour days in any new job if you're just starting out and want to get ahead.

 

[Judo Tom]

i work for an investment banking firm in NJ the pay is good bonuses even better and all benefits are paid for.. the hours can be CRAZY if there is a big deal going on or if "something" has to get done ..

hence this is my 13th hour here.. and im a PROGRAMMER!!!

if you like the field and can stand the hours its pretty cool.. but im already starting to think about another job somewhere else.. CA or FL i think..

it is also a good industry if you are self motivated and willing to bust your ass to improve your own career..

 

[collegiateLifter]

Investment bankers are in the same tier of people as lawyers.

 

[TouchingMyBalls88]

It all revolves around lies...

 

[ZKaudio]

i'm goign into investment banking soon as i graduate... kinda dabbling in the real estate lending wing of it right now but I need a change... in montecito the market is WAY too good for any college student to get a reputable position... they want experience.

 

[MattTheSkywalker]

Investment bankers are in the same tier of people as lawyers.

Pretty general statement, though success as an investment banker can open other financial doors....

 

[OMGWTFBBQ]

All of the good IB firms hire out of my college, unfortunately I don't think I did well enough in school to get into any of them.

I am very close to getting a position at one of the big name hedge funds here - very psyched about that since it is pretty much my dream job.

I would say I'm a few months out.

 

[collegiateLifter]

Pretty general statement, though success as an investment banker can open other financial doors....

I am reffering to them being sharks, a proffession as a whole without ethics or morals other than 'will i get in trouble.'

I was interested in both professions at one time, though i discovered recently that investment banking's deteriorated a lot over the past few decades.

 

[kunta]

work for morgan stanley here, i work under 2 brokers that pull in some good accounts(200Mil+) basically i help out with the reporting and selecting new funds if they are underperforming, for what i do i'm overpaid and underworked which is always good, education is MBA getting my CFA now might look into getting a CTA....trades for the day TRO, FORM, MSGL, RIMM 65 puts

 

[Judo Tom]

My firm is not shark like we do not do many deals as we are a small firm working with smaller sized institutions so we tell them to sell if it makes sense for them not for us.. i do agree that across the industry there are many sharks/snakes .. so at least i dont have that guilt.. not that i would really care...

its just the hours and overall craziness that can get to you i think..