Pros
- Great place to learn how many people from your high school still answer unknown phone numbers - Excellent training in handling rejection - Great place to learn the difference between working in finance and selling financial products - Strong networking opportunities with your extended family
Cons
- 100% commission compensation structure with no base salary (get ready for some clawbacks) - Heavy reliance on squeezing business out of friends, family, and personal contacts - Recruiting process does not accurately reflect the day-to-day nature of the role - Extremely high turnover - Best suited for people who already have a large network of affluent contacts. Much tougher if you’re starting from scratch - Be prepared for your personal relationships to be viewed as potential business opportunities