Series....series... 1, 2 3, 6, 9, damn you are fine
Hey guys,
So I am very new to this....I know about the CFA and the CPA , but I recently read something about some ''series'' exams, such as Series 7 and what not, and it sounds like taking and passing those would be easier and cheaper for someone with no background in Finance like me. Please enlighten me on the subject....
I think at this stage (Senior undergrad, Economics, 27 years old) it would be kind of silly of me to take the CFA without going through something 'easier' before...if such a thing exists.
Advice is much appreciated. Also English is not my first language...if I sound weird somehow :p
You won't learn much by taking the series 7 or any other "series" test. Most of the material revolves around regulations with small amounts of basic investing knowledge. I would not take these exams unless you are sponsored by a firm, and if that was the case you would have been already hired on basically. If you're wanting to learn more about finance before taking the CFA or any other type of certification/designation, I would just starting reading as many finance books as possible. If you were an economics major you shouldn't have a terrible time picking up on a lot of it.
Don't waste your time studying for designations or licenses unless they are relevant to your target career. There is an infinite amount of information to learn in this world, but you only have so much time. Make good use of it.
Also you cannot take the Series 7 unless you are sponsored by a member firm of Finra.
Series 7 is sponsored by employee while you can take CFA paying for it yourself. That's what I am planning on doing. You can learn everything for CFA level 1 from the books provided once you sign up. It's expensive: $1100 but totally worth it. I think I will learn a lot and revise a lot of my knowledge from finance classes.
The series 65 is really easy and you don't need to be sponsored. It only costs $155 and its about 140 questions. It'll at least get you going in the right direction.
I have the impression that the Series Exams will put you in the msrket fsstrr than the CFA Is this a coorrect assumption. ?
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