failed series 79 twice
honestly feeling really lost right now. i recently lost my role at Citigroup after failing the Series 79 exam, and it’s been hard not to let it affect my confidence. i spent so much time studying for the Series 79 and still came up short, which has honestly been devastating. at the same time, i did pass my SIE and Series 63, so i’m trying to remind myself that one exam does not define my ability or work ethic.
i know i want to stay in finance and keep pushing, but i’m stuck wondering what path even makes sense now. would investment banking or debt capital markets even take someone knowing they didn’t pass the Series 79?
if anyone has gone through a career setback, re-recruited, or pivoted after a difficult moment, i’d genuinely appreciate any advice.
Failing the Series 79 can feel like a major setback, but it’s important to remember that it doesn’t define your career or potential. Based on the most helpful WSO content, here’s how you can navigate this situation and rebuild your path in finance:
Reframe the Setback: Passing the SIE and Series 63 shows you have the capability to succeed in these exams. The Series 79 is challenging, and many professionals have faced similar hurdles. Use this as a learning experience to refine your study methods and approach.
Consider Reattempting the Series 79: If you’re still passionate about investment banking or debt capital markets, reattempting the Series 79 could be worth it. Reflect on what went wrong in your previous attempts—was it the study material, time management, or exam strategy? Consider investing in a high-quality prep course or tutor to strengthen your preparation.
Explore Alternative Roles: While the Series 79 is essential for certain roles, there are other areas in finance where you can thrive without it. For example:
Leverage Your Network: Reach out to mentors, former colleagues, or connections in the industry. Share your story honestly, emphasizing your determination to overcome challenges. Networking can open doors to opportunities you might not have considered.
Address the Setback in Interviews: If asked about the Series 79, frame it as a moment of growth. Highlight the steps you’ve taken to improve and your commitment to succeeding in the future.
Focus on Skill Development: Use this time to build skills that enhance your candidacy. Consider enrolling in courses like the WSO Elite Modeling Package to strengthen your technical expertise in financial modeling, valuation, and M&A.
Stay Resilient: Many successful professionals have faced career setbacks. What sets them apart is their ability to persevere and adapt. Keep pushing forward, and don’t let this moment define your career trajectory.
Remember, setbacks are temporary, and your determination to stay in finance speaks volumes about your character. Keep your head up, and don’t hesitate to seek mentorship or guidance from those who’ve been in your shoes.
Sources: Investment Bankers - Career Mistakes, Miserable in consulting, how to improve situation?, 22 Year Old Failure Seeks Advice re: Breaking into Finance, If I don't get a banking offer, what's the next best thing?, SIE , Series 79 and Series 63 Advice
Sorry to hear that.
What group were you in at Citi?
How was your termination communited? And why do you think there was no leeway given during your lead up to the 2nd attempt?
thanks
why did oyu fail it twice? I mean once okay maybe you weren't familiar, etc. but 2nd u should have crushed it ...
the first time around i was off by one point. the second time around was the same thing. i used Knopman marks i went through all the questions read and understood the book head to toe. my weakest point was the math portion of the exam. i was under the impression it would be conceptual but it was not i had so many valuation questions and formulas that I couldn’t recall.
Although this probably seems like the end of the world, it’s not. Just tell the next firm the truth and most likely someone will roll the dice on you not failing a 3rd time
the first time around i was off by one point. the second time around was the same thing. i used Knopman marks i went through all the questions read and understood the book head to toe. my weakest point was the math portion of the exam. i was under the impression it would be conceptual but it was not i had so many valuation questions and formulas that I couldn’t recall.
will this affect my career long term when it comes to applying to other roles? i feel absolutely lost
it’s your first job out of school man. You’re all good. Keep your head up, and start applying and networking for your next gig
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