Advice please

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james21

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Hi Everyone,

I have just finished my first year doing a degree in Finance and Investment. I am due to go back for my 2nd year at the end of September.

I have been offered a job doing telesales in a stockbroking firm in London. I have been told this is a good opportunity and can lead to me becoming a stockbroker, which I want to do.

I can do a distant learning degree to try and carry it on in a similar degree but I am unsure on what to do.

DO I go back to University for 2 more years and hope I can get a job after or do I take the job now as I may not get the chance again.

Any advice would be grateful

Thanks

James
 
I'd recommend you go back to uni, have fun and enjoy yourself and come out with a decent degree.
There's plenty of time for careers afterwards.
Telesales won;t likely take you anywhere and if they're asking you to sell/chase for clients without you having the required experience abd FSA exams / registration they are probably very dodgy.
In my experience no respectable stockbrokers have telesales, only those that work desperately at the edge of the business and being employed by one of them is probably more a liability than a help for your future career.

Either way check out the firm on the FSA webiste.

http://www.fsa.gov.uk/pages/register/

check for any adverse news on the firm and / or their senior staff, look at their histories,
eg have they worked for good firms before or fly by night types?
 
Have you seen Boiler Room? At best, it'll be like a legal version of that selling real shares.
 
There will always be jobs available, the firm will understand you want to finish uni and will re-interview... I have run 2 Telesales firms and one thing that is a must is to bring in lots and get rid of lots, because its very hard to find 'good' salespeople. No matter where people come from, what schooling they have had it really is very hard to find good salespeople and its likely that they will bring people in each week after sacking the crap ones on the friday... my advice, stay in Uni... getting a job in sales is not hard, its lasting longer than 4 weeks that is hard, and if you left uni now and messed up then where would you stand?
 
It is with a reputable company they are FSA regulated: 155104 .

They have asked for experience as i have done it before for a fx company and they emplyed anybody and everybody.The profile of all the directors looks good. I have had to have 3 interviews and they are hiring just 5 people so they are not just picking random people. They said they do not want me to be telesales forever and would want us to be able to progress to stockbrokers.

Thanks for all the advice everyone. Does this make it any better?
 
james21 said:
It is with a reputable company they are FSA regulated: 155104 .

They have asked for experience as i have done it before for a fx company and they emplyed anybody and everybody.The profile of all the directors looks good. I have had to have 3 interviews and they are hiring just 5 people so they are not just picking random people. They said they do not want me to be telesales forever and would want us to be able to progress to stockbrokers.

Thanks for all the advice everyone. Does this make it any better?
Click to expand...

Finish uni, If you do take the job at telesales be prepared for a lot of let downs from real traders. By and large, traders go to brokers to act on their behalf, not the other way round. they know what to look for and can be suspect of someone who rings them and offers the the "latest deal".:smart::smart::smart::smart::smart:
 
HB Markets formerly Hoodless Brennan.
Small cap share pushers. With a history of operating at the edge, calling
up customers to sell small cap shares,
then being fined and scrutinised by the FSA.

I think Shadowninja's comment is right.

Put it this way,
I wouldn't want to be their customer however much they claim to have changed on their website.

You might be someone who thrives in their type of environment, I can see why you
appeal to them as you've done FX sales which is largely an unregulated hard sell
business.



Either way a good uni education and degree lasts for life.

Its all your decision, what do you really want?
 
james21 said:
It is with a reputable company they are FSA regulated: 155104 .

They have asked for experience as i have done it before for a fx company and they emplyed anybody and everybody.The profile of all the directors looks good. I have had to have 3 interviews and they are hiring just 5 people so they are not just picking random people. They said they do not want me to be telesales forever and would want us to be able to progress to stockbrokers.

Thanks for all the advice everyone. Does this make it any better?
Click to expand...

Being FSA regulated doesn't mean they are reputable, just look at firms like Montague Pitmann who ended up ripping people off and then going out of business.
 
Go back to skool and get the best grade you can. Otherwise, you will have a negative edge against your competitors for jobs. Imagine they fire you after awhile. Where will you be then ?
 
James,

I'd advise to finish your university education and have a tangible object in your hand that correlates to all the hard work you're putting into your studies. This will work wonders for you for future endeavors. As already mentioned, there will always be work for you. I think, as glyder mentioned, relax a little, finish your education, have some fun.

You have many years of life left to work. :)

Good luck!
 
pboyles said:
As a previous poster pointed out they were formerly called Hoodless Brennan, you can see this on their Companies House registration. They were fined by the FSA for dodgy telesales practices. Do you really want telesales at Hoodless Brennan as the first entry on your CV?

http://www.fsa.gov.uk/pubs/final/hoodless_brennan.pdf
Click to expand...

Point understood but better than self exploited rent boy.
:sneaky:
 
Finish Uni.
Getting a job in "telesales" for a broker and expecting to make progress is like going to Focus Do-It-All to buy a ladder and expecting to scale Everest (no, not the double glazing lot) next year.
 
Mr. Charts said:
Finish Uni.
Getting a job in "telesales" for a broker and expecting to make progress is like going to Focus Do-It-All to buy a ladder and expecting to scale Everest (no, not the double glazing lot) next year.
Click to expand...

You know those Everest adverts? The ones that go: "Be honest, you didn't expect Everest to be that today, did you?".

Being honest, I had absolutely no expectations at all. Being honest, I don't give a flying f*** what Everest are doing. I mean, who gives a rat's a$$ what a double-glazing company are doing? Why would anyone have any expectations whatsoever? Being honest, here's what I think: F*** Everest, and F*** their stupid adverts.

I hate bloody adverts.
 
Pazienza said:
You know those Everest adverts? The ones that go: "Be honest, you didn't expect Everest to be that today, did you?".

Being honest, I had absolutely no expectations at all. Being honest, I don't give a flying f*** what Everest are doing. I mean, who gives a rat's a$$ what a double-glazing company are doing? Why would anyone have any expectations whatsoever? Being honest, here's what I think: F*** Everest, and F*** their stupid adverts.

I hate bloody adverts.
Click to expand...

:LOL::LOL::LOL::LOL:
 
OK thanks for the advice and jokes lol,

I understand you dont need a degree to become a stockbroker and believed this would be one way of doing that and getting a foot in the door.

Any advice on how to become a stockbroker if this is not the best route?

Thanks again
 
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