Gave up on licensing

Based on the most helpful WSO content, your situation is not uncommon, especially in lean teams where responsibilities pile up. Here’s a structured approach to navigate this:

1. Prioritize Licensing:

   • The Series 86/87 is essential for long-term growth in ER. Without it, your career trajectory could be limited. Consider discussing with your group head or manager about carving out dedicated study time. Highlight how getting licensed benefits the team and firm, as it enhances your ability to contribute effectively.

2. Study Strategy:

   • Since time is limited, focus on efficient study methods. Use resources like Knopman videos, QBank, and concise summaries. Write out key topics and focus on understanding the major concepts rather than getting bogged down in overly complex details. Weekend study is tough, but even 30-60 minutes daily during the week can add up.

3. Consider Lateral Moves Carefully:

   • If you’re considering a lateral move, ensure the new role explicitly supports licensing. Some sell-side firms have structured programs or downtime for analysts to focus on exams. During interviews, ask about their support for licensing and workload expectations.

4. Leverage NYC Opportunities:

   • NYC is indeed packed with opportunities. If you’re considering a move, explore roles that align with your long-term goals, whether on the buy-side or sell-side. For buy-side roles, licensing might not be as critical, but your modeling and technical skills will be highly valued.

5. Network Strategically:

   • Use your current position to build relationships with clients and industry contacts. Networking can open doors to roles where licensing isn’t as immediate a concern or where you’ll have better support to achieve it.

6. Long-Term Perspective:

   • If you enjoy the technical aspects of ER but feel overwhelmed, consider roles in boutique firms or specialized teams where the workload might be more manageable. Alternatively, explore corporate strategy or development roles within companies you cover, as your industry knowledge could be a strong asset.

Ultimately, the key is balancing your current responsibilities with your long-term career goals. If staying in ER is your priority, getting licensed should be non-negotiable, even if it means having tough conversations with your team or exploring new opportunities.

Sources: Where does ER go from here?, Feel Trapped, Exit Opps From Sell-Side ER?, A warning to those aiming for Sell Side Equity Research, Feel Trapped, Exit Opps From Sell-Side ER?