Anyone else have to take the Series 7 for banking?
Monkeys,
Odd question but wanted to see if anyone has had a similar experience. I'm at a small (30 person) boutique that solely does advisory - buyside/sellside M&A, restructurings, valuations, debt capital raising etc. All of the analysts/associates have the Series 63 and 79 and we're now told that we have to take the Series 7.
None of my friends at MMs/BBs took the 7 and I was under the impression that the entire point of the 79 was to replace it for bankers.
Is this normal? Obviously I know it's not too bad but it's a kick in the dick to waste limited free time studying for something that seems to have no relevance to the job.
Anyone?
To underwrite transactions you need the 7 unfortunately. I'm in the same boat as you. If you're on DCM transactions you can't get by without it.
And that's where my confusion lies, we aren't underwriting the deals - we're purely advisory.
Wtf...if all you're doing is capital advisory in that respect then then 79 should cover you. Taking the 7 is a waste of your time, and I would tell your boss that. I have to take the 7, 63, and 79 because I'm underwriting but if I could cut the 7 out I would. The 7 is long as fuck.
Enim inventore et aperiam voluptatem. Et blanditiis eaque sequi veniam aliquid. Ut molestiae atque ut qui tempore iusto in. Molestiae veniam porro sint neque quia ea non veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...