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I met someone and their son is a director at Morgan Stanley. He told me to give him a call and potential have a talk about working there . How are Morgan Stanley advisors compensated. I ask because I left another firm and they have tried to charge me charge backs on commissions that have come back.
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Lol. This is not a salaried business. You eat what you earn.
Rookie doesn’t get much with the high attrition rates in this industry
Yes, don't focus on the salary... hit the variable pay by building a great book
I'm not trying to sound rude but I am blunt.
This business might not be for you if haggling a few percent of a salary is your priority. You have zero leverage and the person offering you a job wants you to hate a salary. You can be replaced tomorrow with a better qualified candidate that'll accepted 30% less.
30k was my salary for the FAA program with Smith Barney in 2008. It was a take it or leave it situation. Glad I took it.
Wow if you don’t mind sharing what’s been your experience since then? You are obviously still at it so that’s great.