UBS Wealth Management has put a freeze on hiring rookies for the remainder of 2008, as reported by Annie Gasparro in the Wall Street Letter on April 28, 2008. Their intent appears to be to continue hiring experienced financial advisors from other firms in order to grow their sales force. Of course the cost saving [...]
College Grads Lack Understanding
May 23, 2008 By Leave a Comment
We’ve found that college graduates seeking to enter the financial services industry tend to be woefully ignorant about entry level compensation and benefits packages offered by Wall Street firms. There is a tendency among candidates to overestimate their own abilities and focus strictly on the size of the salary they are offered. We advise our [...]
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