I have an interview for Financial Advisor role in a bank. What questions i can expect and what pay should i demand?

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Posting as :
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Location and bank?

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Scotia bank, eastern Canada

I would ask what are the bank employees goals, what are your goals, and if the bank goals conflict with FA goals. That’s a real problem for advisors based inside a bank.
For example:
If a customer brings in a $1M check, a banker typically will get paid on that if they open a savings account for the deposit or sell them a credit card. However, a Financial Advisor typically gets paid if they take that check and put it in an investment account rather than a savings account. If that money moves out of the savings account and into an investment account, that Banker loses out. What ends up happening is the bank employees begin to hide clients from you and you end up missing out on opportunities to build your book.

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“How do you deal with rejection?”

What’s your experience with investments? And how did you handle a very difficult client?

I would ask how they see your role and your relationship with the bank

I am having an interview for banking advisor role in RBC bank, what pay should I expect as I am having a 6 years of finance and banking experience in other country.

Direct message me, I’d be happy to have a call:

- thoughts on the market
- how would you handle a client who want to move to cash
- investment you like or your philosophy
- sales skills
- conflict resolution, etc

IMO, most banks focus on cross selling products and acquiring banking clients as advice clients.

You can probably expect a lower salary 60-70k USD, + commission and payouts from new biz.

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I'd be grateful if anyone who can Guide me for the in & out of real experience of BA in IT &/ BFSI Domain.

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