Pros and Cons of Working for a Big or Small Financial Services Firm

This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=Ku3oiyzHBi8

If you want to be a financial professional and you want to know what working for a big or small financial services firm would be like...keep reading!

• PRO -The availability of resources at a large firm will likely not be an issue. Things from office space to a dedicated admin are things that you won't always find when going small or on your own. Typically, a larger firm will have a lot of amenities.
  
• CON - Big is not always better. At large firms, there can be a tendency to be lost in the shuffle
  
• CON - Does a big firm serve the client or the shareholder? This may show itself in the form of products sold and quotas being met. By contrast, without hundreds or thousands of client families, each one is more important, so you will feel closer to your clients in a smaller firm
  
• PRO - Financial stability at a larger firm isn't usually an issue. A stable firm would probably be one that reaches more than 100MM in AUM or more than $1MM in revenue. This is a very common benchmark in the industry and many small firms never reach this.
  
• No matter where you work, make gaining experience your chief objective during your stay.

Thanks for listening.

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