I was offered a job at Advanced Equities, a Venture Capital Investment Banking Firm. The job entails calling potential clients all day to set up accounts. The clients are Technology companies who might need capital.

What scares me about this job is that it was relatively easy to get, they pretty much told me at the interview that the job was mine. The salary is very low only around $35,000, but they say that I can make six figures in 12 months and much after that. Something just seems off to me.

Any help would be appreciated?

Rockstar714

Sounds like a telemarketing position to me...Have you had prior experience in this field?

ISneezeFunny

It does seem off...what is the actual job title?

Rockstar714

I think that if it seems off to you, don't do it. I've always followed my instincts when it comes to certain jobs and I've had offers like this too, and if it seems too easy to get the job or it seems not right, it usually isn't.

killbill

The title is Private Equity Broker. I do have some experience with in this field but I do not have heavy experience which is why I was surprised I was able to get the job so easily. It does sound like telemarketing but I never heard of an investment bank hiring telemarketers to solicit for clients.

I guess my main fear is that they hire anyone with client service experience and if they do well then great everyone makes money, if they do not then their not losing that much because their only paying $35k.

I guess I'm trying to guage how difficult it is to do well. In a normal corporate position, you might start off at a low salary but your pretty much guaranteed to increase that salary given that you don't mess up.

Fr_Chuck

well if you don't "sell" enough new loans you will soon be out of any job. I am sure there will be min lending amounts and other requirements.

So basicly what experience do you have making phone calls all day, to companies that don't want you to call, Do you have expereince getting past the secretary who answers the phone, Turn over in telemarking jobs is about 300 or 400 percent a year. Those that can do it, make alot of money.

But how good is the actual company, what is thier ratings, do they make good loans,

ISneezeFunny

OH I know what your job is!!! It's a startup broker position, where you cold call a bunch of clients, and whoever makes the most contracts start training for the actual broker position.

To be honest, only one or two out of the entire department make it up to the broker position...so it's pretty much an internship.

Fr_chuck is right, find more about the company and gauge it from there.

killbill

Thanks for your help everybody. The more that I think about it the more I realize that it isn't an actualy "investment banking" position. Now that I think about it, the guy who interviewed me at first was new to the company, only four months in, and straight out of college.

The company does well and they do offer good products but it seems like more of a sales office then an actual investment bank.