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I think you lose it if you're out of the game for more than 24 months.
You also lose it if your new company and role does not require you to be a registered rep, and your license does not transfer over.
They are pretty hardcore about not parking licenses. If you plan to use them again I'd say look for a position that requires it. If not, two years from your official date they will expire, but if you can get signed up with ANY financial advisor firm for even a day it will reset the clock. NYSE probably won't allow outside work but if there is any window in the meantime to jump in with schwab, any insurance co, etc you can extend it.
do you lose you license when you go to b-school or can a summer internship be a holding place in the event the stretch is slightly longer than 24 months
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