Failed the Series 63 on the first try. Anyone else in the same boat/was in the same boat? How does this affect work: can you still do client deals, do they notify your MD and have them chat with you (or HR), does it reflect hyper negatively?
Any insight is helpful! Passed 79 and SIE btw
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Based on the most helpful WSO content, here are some insights regarding failing the Series 63 exam:
Impact on Work:
Company Policies:
Preparation Tips:
Emotional and Professional Support:
For more detailed advice and shared experiences, you can refer to the following threads on WSO: - https://www.wallstreetoasis.com/forum/investment-banking/advice-from-an…</a">Advice from an ex-IB MD - The Importance Of Failure - https://www.wallstreetoasis.com/forum/investment-banking/advice-from-an…</a">Time allowed to pass SIE/Series 63/79
These threads provide valuable insights and personal experiences that can help you navigate this challenging situation.
Sources: Advice from an ex-IB MD - The Importance Of Failure, Time allowed to pass SIE/Series 63/79, Licensing For Dummies, Best exam book for Series 79 and Series 63?, SIE , Series 79 and Series 63 Advice
Never happened to me, so I don't know the immediate actions you should take. You can always ask someone who you have a good relationship with about what to do. I think you can still do the basic analyst work (expect outreaches; i.e. sending the teaster/CIM).
You are generally alloted one failed attempt at one of these tests. It happens every once in a while, so don't fret. Just make sure to study hard so this doesn't happen a second time.
You will be fine just wait the 30 days and rip it again. Just dont tell anyone if you passed or failed and take again.
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