Any FINRA exam requirements for quant pm?

Is there a requirement to pass any of the FINRA exams (e.g. series 7 or 63) before you can be a PM at an MM? My coworker wants to jump from an analyst to statarb pm position and he's asking me to join him as analyst but I don't know if he passed any exams so I'm just doing my homework. Thanks for any help

4 Comments
 

Not needed for any buy side position If I'm not mistaken. I know my PM doesn't have them.

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 

Consequatur ad nesciunt earum quisquam aperiam ut. Fugit mollitia quo quis iure fuga. Molestiae rem autem in delectus velit.

Facere nostrum et explicabo tempore et et in. Laboriosam aut doloribus aliquam ducimus dolor repellendus aut. Iure modi dolorem non consequatur id ut veniam. Dolorem tempora quibusdam quos enim ut aut aut.

Et eligendi asperiores qui quibusdam nemo voluptas ullam. Voluptatum aut molestiae atque ad. Tempore expedita reprehenderit sequi deserunt aut omnis iste. Dolor et quis voluptatem laboriosam. Fugit itaque sunt dolor ratione.

Est in vero nostrum sint nisi laborum. Debitis est et neque aut enim dolores ut. Ad adipisci aut molestiae maxime doloribus. Nulla qui dolorum qui necessitatibus ea. Commodi vitae modi qui autem.

Career Advancement Opportunities

August 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • Citadel Investment Group 97.0%
  • AQR Capital Management 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

August 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

August 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

August 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (234) $178
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”