Surely this is a potential or actual pitfall?Twister said:I am wondering if anybody has any views,opinions,potential pitfalls about my situation.
I have not worked in the finance sector before
AJC said:I took a position as a tied agent with a large financial institution last year, and left after around 8 months. A couple of comments. I found the training to be good with regard to the sales process, but poor with regard to generating sales leads. My biggest problem, (and it's to do with me personally) is that I found that I didn't like making cold sales calls, which was what was expected in order to generate leads, once my immediate circle of acquaintences was exhaused.
There was a certain amount of bull offered with regard to a client bank and support from a call centre. I did get a client bank. However, it was 90% full of clients who had taken out mandatory mortgage protection policies with the institution and who weren't interested in availaing of other products.
The call centre leads, I got a few. But like around 5 in total.
Botton line is that you can have a successful career in this if a) you know a lot of people b) you are happy to be quite pushy and c) you don't mind cold calling. You should take with a large pinch of salt the client bank/other support you might be offered.
Best of luck
CCOVICH said:Isn't cold calling forbidden by the Financial Regulator?
Be careful of mixing money/business with personal contacts in case things turn sour or of treating existing personal/work contacts as potential guinea pigs.Twister said:I would like to think I know a lot of people from a) my own social circle and b) previous clients form my last business whom I wouldnt have a problem calling.
Twister said:b) previous clients form my last business whom I wouldnt have a problem calling.
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