Fellow WSOers,
I am a junior undergrad at a non-target college trying to get into IB. I have the ability to be sponsored by a small FA shop for any exam I want to take. Would having a Series 79 under my belt help me get into IB quicker than peers, or would it be a waste of time and money?
Thanks guys.
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There are so many things that are more important for hiring someone, that this would make no difference.
No. Don't waste your time. Any Series test will be sponsored and paid for by a firm for entry level and everyone just looks at them as a pain in the ass that you have to do and pass by spending the least amount of time on them.
I agree with the prior comments. You'll be hired on your merits rather than certifications. All analysts have to be trained and pass the necessary certifications, so they won't add value to your certification.
I would spend the time either networking, or studying for the GMAT or CFA if you're in any way interested in business school or Asset Management.
Awesome, thanks a lot for the tips guys! Sil @Dingdong08" @brokencircle13"
How necessary or required is having the Series 79 for investment banking? (Originally Posted: 05/24/2015)
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Yes, it is a FINRA law, so you are not permitted to be a "registered representative" (banker) without passing. Having said that, not all banks are subject to these laws; I think if you are at a pure play M&A shop then you don't have to take the exam. It's something about issuing/selling securities (equity translations). Someone correct me if I'm wrong on that...
Regardless, the test is very easy and you're prepared by the bank.
But yes, you are given 2 chances to pass, if you fail both, you're fired.
!
Series 63 and 79. Both easy. Nothing to worry about especially if you don't have an offer yet. If you do, the banks prepare you thoroughly. This is all readily available on this site using the search function or google, but I got help on this site so I'll give back
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