Terminated After Failing Series 63 by 3 Questions — Retaking Soon. Will Being Fully Licensed Help in Job Search?

Failing the Series 63 by such a narrow margin and facing termination is undoubtedly tough, but there’s a clear path forward. Here’s what you need to know:

1. Bouncing Back After Termination:
   Based on the most helpful WSO content, many professionals have faced setbacks like this and successfully rebounded. The key is to focus on what you’ve already achieved — passing the SIE and Series 7 is no small feat. When networking or interviewing, frame the experience as a learning opportunity and emphasize your determination to retake and pass the Series 63.

2. Impact of Being Fully Licensed:
   Being fully licensed (SIE, Series 7, and Series 63) will absolutely make you more marketable. Many firms prefer candidates who are already licensed because it reduces their onboarding costs and time. Highlighting your readiness to hit the ground running can give you an edge in the job market.

3. Finding New Opportunities:

   • Networking: Leverage your existing connections in the industry. Reach out to former colleagues, mentors, or anyone in your network who might have leads on internal wholesaling or sales roles.
   • Targeted Applications: Focus on firms that value licensed professionals. Asset management firms, broker-dealers, and financial advisory firms are good starting points.
   • Recruiters: Specialized recruiters in the financial services industry can be invaluable in connecting you with roles that match your skill set.

4. Navigating the Emotional Side:

   • Routine: Establish a daily routine to maintain structure and productivity. Dedicate specific hours to studying for the Series 63 and job applications.
   • Perspective: Remember, setbacks are temporary. Many successful professionals have faced similar challenges and emerged stronger.
   • Support: Don’t hesitate to lean on friends, family, or even professional counselors to process the emotional toll.

5. Additional Tips for Internal Wholesaling:

   • Stay informed about market trends and products in the asset management space.
   • Practice your pitch and communication skills, as these are critical in sales roles.
   • Consider obtaining additional certifications like the CFA or CFP down the line to further bolster your credentials.

Passing the Series 63 on September 6th will be a significant milestone. Use this time to prepare thoroughly and approach the exam with confidence. Once licensed, you’ll be in a strong position to re-enter the job market and continue building your career. Keep pushing forward — you’ve got this!

Sources: Licensing For Dummies, Laid off, Depressed and Giving up..., Securities Industry Essentials (SIE) Exam Overview, Looking for Perspectives on Unemployment, Just graduated and don’t have a job?