Hey guys,
Long story short, I work for a software company as a financial analyst and was wondering if I would be able to take the Series 7? Obviously I need to pass the SIE first, but since I don't work for a securities firm, I'm afraid I won't be able to get sponsored to take it. If anyone knows how I can get around this, I'd be greatly appreciative!
Hi Symfuhny, any of these threads helpful:
Fingers crossed that one of those helps you.
bump
You got to be at a securities firm to be sponsored, sie not at all, you can take it now
Why do you want to take it? It's more of a requirement for securities positions so you can legally communicate with clients. It has almost no effect on career advancement. I took it and it has a lot of material that is useless (regulations/trading rules/etc).
I'm trying to move into Private Banking, so I was just wondering if requirements for the 7 had changed due to updates from October.
You want to work in private banking? What type of role exactly? If you mean like private wealth management then yeah you'll need it, but private banking is a bit broad.
Short answer is no, right now you aren't in a position to take it since you need sponsorship for it. First things first, just get your SIE and get that out of the way. Then start applying to firms and eventually you should have one bite, they'll sponsor you, you pass the 7 and then you'll need either the 63 and 65 or just the 66. Assuming you're talking about private wealth management still.
Thanks for the reply! I do mean Private Banking - wanting to come on as an analyst working under a banker/client advisor, interested in an investment specialist type role more forward looking before getting to the banker position after a few years. Since I'm off-cycle, my plan is to get SIE and 63 as friends of mine I recently spoke to from JPM PB and GS PWM have them. Also plan on taking L1 next June for long-term aspirations. This post is a little dated so I've had some discussions with people from industry since
Oh sorry I didn't realize how old the post was. As an analyst you may not actually need the 7, some firms require analysts to have it, some don't, so it depends.
Vel vel praesentium praesentium omnis et dolores. Dolore autem temporibus rerum repudiandae ipsum quae odio. In sunt ex quod nihil. Ut qui dolorem fuga quos dolores ipsa. Ratione quos tempora repudiandae aut debitis recusandae nobis. Culpa eos ipsum ut veritatis.
Labore temporibus natus neque dolores et sunt officia. Suscipit sed qui dolorum excepturi quisquam. Est autem porro hic quia ad sed eaque. Est impedit dignissimos impedit voluptas et nesciunt reiciendis. Accusantium qui expedita rerum dolorem consequatur dolores veniam.
Repellendus voluptatem culpa praesentium enim dolore et alias suscipit. Nam voluptatem placeat iste omnis. Quas et numquam dolor aperiam perspiciatis. Sapiente libero qui dolores odio dolor.
Consequuntur quod aperiam culpa ipsa eius est accusantium. Voluptas doloribus et commodi voluptatibus dolorum sint qui accusamus. Ea est consequatur culpa incidunt. Voluptas ea enim doloribus delectus omnis est. Aut sed sit quae dolore quia saepe.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...