Hi all,
Quick background: I graduated high school this year and decided to take a gap year, choosing to defer my admission to Fall 2013 when I'll be attending a target.
After some cold calling and emailing, I managed to get an internship at a boutique HF. One of the founders suggested I take the Series 65 exam and offered to let me use their study materials. Should I? How much studying is involved, and how difficult would it be to pass? Would having the Series 65 be beneficial if I want to work in IB and later PE/HF? If there's anything I have on my hands right now, it's time...at least for the next ten months.
Thanks in advance everyone.
Sad that at 18 you already know what you want to... Brainwashed? But yeah do it, it is always a plus and show your interest
Go for it... but when you get to college, do keep an open mind and explore other career paths too in addition to finance.
Thanks. I've been set on finance for a while. Anyone else?
Why would a HF want you to take a FINRA licensed exam? It doesn't make sense. HF's don't require their employees to have the license, and it wouldn't be beneficial if you wanted to go to HF down the road. These exams are for sell side firms. Not sure if IB requires the exam.
Sure take it, if you put the time in you will learn something even if you don't pass. If you do, it would show you took the initiative and have been interested in Finance.
Additionally, correct me if I'm wrong, you need to have passed your series 7 before you took the 65. And once you pass these exams you have 2 years before they expire(if you are not employed, nor working an internship).
Ill step in here and correct you (since you so kindly gave permission :) ). You are correct about the exam having to be within 2 years of registration, or else they expire, however the Series 65 does not require the test taker to be endorsed by a member firm. You may be thinking of the Series 86 & 87? Anyways, just thought I would quickly clarify. Not a big deal.
You only need a 65 if you work for a broker/dealer or an investment adviser. It allows you to solicit securities orders from clients, but the 7 is not a prerequisite. Probably wont help you in HF or IB...but as the fellow monkeys said earlier, it can never hurt to show your interest in the field.
It takes somewhere between 30-40 hrs to study for. I'd say about 2 weeks. Something you could easily knock out during Winter Break. Good Luck.
I got my 63 and 65 at 21 during my last year of college. It was an interesting talking point during interviews but now that I'm working on the buy-side my first one (63) expires in about 2 weeks. You learn a lot, but outside of that the tests aren't very difficult so it isn't worth very much except for either a) being required, or b) showing your interest in the industry.
Do it, not very hard, only thing it will do for you is show later interviewers you are interested.
I might be wrong..but do you lose series 65 status if unemployed for 2 years? Too lazy to look up. If thats the case you might have to retake when you graduate anyway..?
Edit: Didn't see above comments for some reason...
Series 65 at age 18 - Choosing to defer my admission to Fall 2013 (Originally Posted: 11/28/2012)
Hi all,
Quick background: I graduated high school this year and decided to take a gap year, choosing to defer my admission to Fall 2013 when I'll be attending a target school.
After some cold calling and emailing, I managed to get an internship at a boutique HF. One of the founders suggested I take the Series 65 exam and offered to let me use their study materials. Should I do it? How much studying is involved, and how difficult would it be to pass? Would having the Series 65 be beneficial if I want to work in IB and later PE/HF? If there's anything I have on my hands right now, it's time...at least for the next ten months.
Thanks in advance everyone.
Jesus Christ...
Quibusdam voluptatem impedit consequatur. Voluptatem cupiditate possimus consequatur odit enim nostrum cumque.
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...