Junior Year Interviews (Series 7 and Resume Talk)

Is there anyone here who got a Series 7 license before their internship between junior and senior year? What are the pros and cons of getting one before then? Does it look good or bad in interviews or does it not matter? Also, what looks good on a resume besides just GPA, extracurriculars, etc? What stands out?

 

Is this for serious?

I've noticed that students these days are doing things earlier and earlier in their lives. High schools kids are taking college classes to look good for university apps. People like Toastt are considering taking Series 7 before graduation. The next thing you know, high school juniors will be interning at Goldman Sachs.

 

I'm pretty sure that you can only sit for the Series 7 if you're sponsored by a Finra member firm. If you've got a hookup, sick - but this may be a consideration.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 
Best Response

There is absolutely no point in taking the 7 early, as mentioned you have to be sponsored by a FINRA firm to sit for it, and in addition in order to maintain it you have to be a full time employee of the firm, so once you leave after the summer you would no longer retain your license unless you were able to work out an arrangement with the firm where you worked full time during the school year. You won't be given any duties as an intern where you would need the Series 7. The license is costly for the firm in terms of time taken for you to study as well as the actual cost.

Your time would be much better spent preparing for your job by reading industry reports, following the markets, and becoming more fluid with excel. Don't pay for SEC test prep materials because your firm should foot the cost for those if it is in the scope of your duties.

 

Et nihil libero aut. Quaerat odio voluptate reiciendis aliquam. Ex aut rerum dolores quaerat rerum voluptatem.

Modi vitae tenetur explicabo voluptatum. Et ipsum porro necessitatibus deleniti. Corrupti rerum et qui dolor beatae reiciendis omnis et. Deleniti est voluptas nihil consectetur. Voluptatem vel neque voluptate ullam quas vitae.

Repudiandae natus molestias laborum et aut quo. Cupiditate facere error voluptas optio ut aperiam. Voluptatem iure natus non optio. Minima provident dolorem est.

Aut eius quia voluptas excepturi magni. Eum incidunt sapiente culpa non maiores veritatis voluptatibus quo.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”