I applied online. I interviewed at Merrill (San Diego, CA) in Jun 2017
Interview
I applied via online and took two assessment tests. Both tests are really easy and test your knowledge overall and whether or not you will be fit for the position. If you pass both of the tests, you will have a phone interview with one of the recruiters/human resources team members. The questions they ask during the phone interview are very simple.
-Tell me about yourself.
-What sales experience do you have pertaining to this role?
-Do you have current clients that you can advise and bring to our company?
They want to see if you have clients already or can bring in clients, but not just regular clients; they want high net worth clients over $250,000.
If you pass this phone interview, you will be referred to one of the offices to speak with senior management. Before this interview, I had to make a business plan regarding aspects of a financial advisor. I had to talk about my vision, centers of influence, marketing plan, target markets, etc. You then present it to the person interviewing with you and they take a look at it. Then they will ask you questions, somewhat similar to the phone interview.
-Tell me about yourself.
-Very few people succeed as a financial advisor. How will you be successful?
-What makes you a high achiever?
-How will you meet our goals of $10 million in assets in the first year etc.
Ultimately, if you cannot bring in clients or have a high net worth of potential, this is not the job for you. Other than that, the interview process was okay but these are basically the details of it.
Interview questions [1]
Question 1
Tell me about yourself.
How will you reach out to clients?
How will you bring in assets?
Very few people succeed as a financial advisor. How will you be successful?
How do your experiences relate to this position? Do you have sales experience?
I applied through a recruiter. The process took 2+ months. I interviewed at Merrill in Jul 2016
Interview
Random call from bofa recruiter about a career night.
Attended career night.
Took two online exams and passed.
Got a call back 2 weeks later to meet the manager.
Sat with him and he was angry that I was a Marine, and told me to go back to Wells fargo or apply to bofa in store.
He said they have an 85% fail rate for advisors.
I applied online and my first step was being contacted to set up a phone interview. After the phone interview, you have an interview with the director. Then you meet with 4 -5 different FAs and interview with each one. And lastly you meet with the director one more time at the end.
Interview questions [1]
Question 1
Name some of your greatest achievements with sales at your current job (I am a personal banker currently)