Host said: What are the average starting salaries, bonuses, benefits and travel requirements like at FIRST INVESTORS CORPORATION?
What do you like best about working at FIRST INVESTORS CORPORATION? Are there any great perks or special treats for employees?
Job Security -5
Work/Life Balance -5
Career Potential/Growth -5
Co-worker Competence -5
Work Environment -5
Edina MN 11/23/2008: Pay-there is none, you pay for everything 1000 bucks upfront for licencing, auto expenses( and there is a lot of travel) your own computer, etc. Also there is a 40% commision split with your "mentor" who is a joke.
Respect- You will get none they do not care about you or your clients, their funds are crap and the training is a bunch of scripts
Benefits-None plain and simple
Job Security- none because you won't make any money since they prey on low income investors and take most of the commissions for themselves...thus you won't be able to afford to work there since it cost you so much money.
Work/Life- they say you have a flexible schedule but you have to work 9-9 on mondays and fridays manditory. There are meetings tues, weds,and thursdays for other brainwashing. This leaves you very little time to meet with clients and prospect. Also because you meet clients in there homes you will drive all over the state and pay 4 bucks a gallon and a lot of time doing it. Say good buy to weekends!!
Growth-you are salesperson not an FA and they will not acknowledge a CFP or any other credentials as you are a registered rep. If you want to be manager go ahead basically you will recruit unsuspecting college grads for a living and try to brainwash them too!
Location- It is usually a crappy office somewhere. But it doesn't matter since you will drive all over the state to go and find some poor unsuspecting client that may invest 100 dollars a month with you.
Competence-The training was non-existant, they pro