Prudential Financial Professional (for sale, insurance, credit)
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Hello.
I've just completed my MBA and have started sending/posting my resume. Most of the replies that I have received have been sales jobs for insurance companies. It seems like this is common with most people who have MBA's. I received an offer to apply for Prudential's Financial Professional. Is this a sales job? I believe they used to call this position Prudential Financial Representative about 5 years ago but the word "representative" was a give away for sales.
Absolutely a sales job. You shouldn't have completed / paid to complete an MBA only to get this job. Does your college have a career center, and if so, have you utilized it? What jobs are most of your classmates doing? ... Do you have prior work experience?
How good is your LinkedIn presence? Are you connected to hundreds of recruiters at staffing agencies? (you should be)
Hello.
I've just completed my MBA and have started sending/posting my resume. Most of the replies that I have received have been sales jobs for insurance companies. It seems like this is common with most people who have MBA's. I received an offer to apply for Prudential's Financial Professional. Is this a sales job? I believe they used to call this position Prudential Financial Representative about 5 years ago but the word "representative" was a give away for sales.
If you graduated with an MBA and that's all you're getting, you did something wrong.
Those positions are given to anyone that wants them. They are 100% commission based sales positions. If you don't have a network it will be ROUGH to get started. They say to basically be able to go with no income for 6 months. If you are good though, there most definitely is a great potential to make a lot of money. There is also potential to make no money. It all depends on how good of a sales person you are.
If you're a MBA and you don't know how to sell you're not quite a master. That position includes Mutual Funds and Life and series license sponsorships. Not a beginner's move though. Contrary to everybody (including myself) who spent a ton of money on college, it's experience that trumps a degree. It's a good position for somebody who is experienced in selling who wants to move on to financial products.
Also, annuity "salesman" do and can get their asses sued for fudging one number. It's not 5 years ago. That is IF the person can pass through suitability which looks at every cent a person has and makes sure they can't screw themselves.
Car Salesmen don't get sued, can't lose a license to sell, and don't have a suitability committee to see if the car is a frugal decision. Otherwise, there wouldn't be half the luxury vehicles on the road there are now.
Also I'm pretty sure Prudential do not employ their own financial representatives. They aren't like Fidelity or Charles Schwab where they have local financial advisor/planner offices. As far as I know they work by selling through independent financial planners---are you sure the position is actually with Prudential?
It's a sales job. Either you will be selling insurance and/or financial products. In fairness, investment banking, the indistry that many MBAs want to get into, is also sales as you move higher up the ladder (MD).
If you do not want to sell, try applying for a credit analyst/reviewer job in a bank. Pay is not high but you won't have to meet a quota.
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