Career of Last Restort 2
Following my first blog posting about employing fresh grads as advisers here, a lady contacted me to enquire about joining the industry. She had done quite abit of homework on the industry and have visited/interviewed a few IFA firms. As usual, beautiful pictures were painted about each individual firms and and the amount of commission she stand to collect. I cautioned her on taking the information wholesale. The industry is no bed of roses.
She shared that 1 of the firms told her that they do employ fresh grads. What really disappointed me was the answer that was given when she asked about how they are going to survive in the industry. “They can close their parents and their friend’s parents!”. Again, the closest family members and friends are the ‘victims’.
I have blogged about getting a ‘gam-cheng’ policy before. A ‘gam-cheng’ policy does not mean that it will be an unsuitable or inferior plan. However, the common experience is that it often is one.
I’m sure there are good advisers earning a decent living after joining the industry as a fresh grad. But what are the chances? How many have you met?
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