Fired From BB -- Now What?

Failing 63 = performance related. You obviously did not take it seriously. That said, you could probably lateral to another bank given that the lateral process is much easier than recruiting.

Was this after one attempt? I thought most firms give you two. Yikes.

How many times did you fail the 63? I failed the 79 on my first try (passed it on my second try), so I feel your pain. Good luck, man.

How many times did you fail?

Its good that you think about why you got fired and accept your own role in it. Clearly your performance on the test is completely yours (not your manager, your co-worker, erroneous/impossible expectation, corp politics). You can look for another job in IB. But you could find yourself 2 industry strikes and your out if you don't dig deep into your own self and get to the bottom of why you failed.

My wrestling coach used to say, if one of us lost a match by 1-2pts and you think the ref made a bad call or two.. don't blame the ref. We are to blame for letting the match be that close where a bad call could cost us the match. Passing the qualifying exam = your job, letting it be that close cost you. If you get another opportunity, will you let yourself be allowed to cut it that close for something you completely control. No ref, no peers eating at your heels, no managers raising the bar beyond your reach.

63 isn't rocket science. I'm sure you had classes and final exams that were much more challenging. Did you party or have swinging social life instead of studying. Was that date worth more than your career? I think you need to think more about why you failed before you can have a successful move forward.

Put PE out of your mind. You be lucky to get into another boutique. Take what you can get, build up a reputation and skills you have yet had a chance to develop because you've haven't been at any firm for more than a year.

In a market where BBs are looking to reduce headcount, you gave them a perfect reason to let you go, which could explain why they didn't give you another attempt to pass the 63 exam.

I knew someone who failed the 63 twice. After the second time the compliance office came to her and asked her if there was going to be a problem with her taking the test again. I guess she got nervous and really studied that time and passed the third time.

Anywho, probably just gave the bank a good excuse to let go of some headcount as someone previously said.

Really depends on how strong your network is. If you know the right people, nothing is impossible. But for the person with an average network your best bet is to try and join a lower boutique. You could also do corporate finance or F500 stuff as back-up plans.

Did they seriously only let you take it once?

@chachabanks

hey bro. really surprised at the BS comments on here.. we all fuck up in life, it sucks but you gotta learn from it and move on.

if you work hard, you will end up better off in the long run, but it will suck in the short run.

the 2 strikes and your out comment is complete crap.

Firstly: If you need to (your heads fucked, your angry etc.) - take a break, go on holiday, chill out

Come back and work your arse off to get back in the game at the highest possible level. have your story down tight. check with the firm that fired you and see what they'll say if other companies check why you were let go (keep in touch with old colleagues to get references etc) - make sure your story matches accordingly and you explain what happened in a positive light.

learn your technical shit inside out and keep up to date with industry trends etc.

places are hiring. both PE and IB.

good luck and chin up.

i honestly don't understand how people fail to pass the 7 & 63. I studied for a 3 day weekend, took the test on Tuesday...think i got an 85.

I actually passed the 7 the first time and failed the 63 once. passed it on my second try. you only got one chance on the 63? sure your BB wasn't looking for a reason to can you??