I got an offer for an unpaid internship at a broker-dealer but I'm having doubts if it's worth it. They expect you to do a lot of cold calling, but there's also a "training program" where they sponsor you for your Series 7 & 63. I searched on WSO and found these:
http://www.wallstreetoasis.com/forums/anyone-heard-of-national-securitie...
http://www.wallstreetoasis.com/forums/having-a-series-7
Apparently being licensed isn't marketable. Anyone have experience with this firm? Or does anyone think it sounds like it's worthwhile? I'm most concerned about exit ops in the fall. I just want to be sure I won't end up at a boiler room.
By the way, I'm a junior at a target, ok GPA, no finance experience, good extracurriculars. I bankified my resume and that got me some interviews.
Waste of Time
I know someone who works there, but he does not go to a target or semi target, and worst of all, he's an ass. You will probably spend all summer cold calling doctors in Idaho, trying to pitch them crappy stocks that they don't want.
If you are at a target, companies will come on campus in the fall. Go unpaid at a real company, not some Boiler Room style broker dealer.
Agree
Id doesn't make any sense to cold call all summer.Having series 7&63 is a good thing yet licenses alone won't take you far. Try to find a job where cold calling is not a major task or at least get an internship with a company that pays for it. When I worked in a brokerage, our summer interns where getting paid 10 bucks an hour not to mention that my firm had a much better reputation and name. (plus they were sponsored for 7&63. )