After these seven to nine weeks, I get like a week or two off to study for the Series 7 and 63 and take the exams, so I am guessing the training could be considered around ten weeks in the end. Then rotations begin. Which last for quite some time.

 

At my bank associates did 7 weeks of training and analysts did about 9. Series 7 is not difficult, it just covers a bunch of stuff that the vast majority of us will never, ever need to know. So it's a pain because it's a lot of memorization. Worth studying for, though, because while it's not hard, if you do mess up and fail it you'll look like a real dumb ass. Series 63 is a joke. I think I spent about 2-3 hours reading the study guide and taking 2 practice tests. Don't sweat it. And all of our analsyts and associates had to have both.

 

Can someone please elaborate on what the bulge bracket analyst training programs entail? Thanks.

I assume it is basic financial analysis techniques, modeling, ratios, etc. I currently work in a small middle market PE shop that did not provide any formal training and with no finance background I was forced to learn all of the requesite material on my own. Any insight would be appreciated. Thanks.

 
RoyKimGT:
1) How long is training each day for 1st year analysts? 2) Is it Mon - Fri or Sat & Sun included? 3) Do they cover Series 7 & Series 63 materials? 4) How hard is the Series 7 & Series 63?

1) 6 - 8 weeks 2) Mon - Fri 3) No 4) Hate to quote a movie as bad as Boiler Room, but if you study you'll pass. If you think that just because you had a 3.9 at HYP you'll pass w/o opening the book, be prepared to get a 40.

 

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