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Offered a stock broker trainee job...Give me some advice BHW!

Discussion in 'BlackHat Lounge' started by jaydub11595, Apr 14, 2012.

  1. jaydub11595

    jaydub11595 Newbie

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    A few days ago, I was at work (retail job in a mall) and a man approached me with an offer to work for him. He went on for about 10 minutes telling me that I can be making much more money than I am now, the crazy thousands he makes, etc. I took his business card and researched the company thoroughly online, finding nothing negative from past employees (really didnt find much at all regarding company feedback). I decided to go buy the office yesterday and talked to the original man and his partner. Here is some of the info i got on the company...

    - Sells securities (or stocks)
    - Consists of calling potential leads all day
    - Willing to work around my college hours

    Long story short, the guy offered me $250 a week for 4 days a week 9-6. Sounds shitty but keep reading. This is essentially the training period where they want to see if I am fit to make sales calls. Within 3 months, they plan to have me take the Series 7 examination (licenses one to sell securities). Once I do that, they promise to pay me a percentage of every account I open and the stocks that the person buys. Apparently, thats when the real money comes in to play (several thousands a month).

    Before you give any feedback listen to my personal story..
    - I am a 19 year old full time college student. All my classes are on tuesdays and thursdays. Financially, I am very low on cash, as is my family. The economic problems have been around for quite some time and I would really love to help my parents out. Also an amazing opportunity to pay off my student loans.

    Any feedback on this job offer would be appreciated. Especially from someone who has experience with such a job.