<p>I am currently working as a Part-Time Teller while I am finishing up my degree. I am hoping to enter into Wealth Management/Financial Planning upon graduation. I recently received an offer to be transferred to either B of A's Wealth Management department or a position with Merrill Lynch. I am a fairly new associate, so I am wondering how reputable these offers would be in today's economy? If given the opportunity would you accept one of the internal offers or look else where?</p>
<p>I actually just applied to the wealth management division with my bank today. It would probably be best to go with the sure thing which is staying with your company. It looks better being with the same company even though its a different position if you do decide to go into wealth management with another company in a higher position.</p>
<p>What is the position at Merrill Lynch?</p>
<p>It will be an entry level Financial Advisor position. I will be on salary for the first 2 years and then straight commission there after.</p>
<p>Congratulations on receiving two offers- that’s a great position to be in, and in this tough economic climate.</p>
<p>You need to figure out whether you have what it takes to be someone who earns their living by commission. My son took a summer job fund raising because he couldn’t get the job he wanted - it is partly on commission. I thought he would get discouraged easily and not do well but it has turned out well. He is great at setting goals for himself and working to achieve that. He is ok at dealing with rejection. Those skills will serve as building blocks for any future job he gets. But 90% of the people who start that job don’t last more than a few days - they just can’t hack it. Only you know what you are capable of, you need to do an inventory of yourself. But maybe you won’t know until you try.</p>
<p>If it were me, I’d go for wealth management, but that’s because I tried sales for two years and realized that (although I was ok at it) I didn’t really like it.</p>
<p>Do you know what you’ll be doing for those 2 years? I’ve been interested in wealth management for awhile, but Im more interested in working on a CFP and doing the actual analysis than I am sales.</p>
<p>Go into wealth management.</p>
<p>I just realized that you are considering looking elsewhere. Are these to work part time so you can continue to finish your degree? Once you get your degree, you can look elsewhere. Why not take one of these instead of working as a part time teller? Seems like a no brainer to me.</p>