Is there anyone here who got a Series 7 license before their internship between junior and senior year? What are the pros and cons of getting one before then? Does it look good or bad in interviews or does it not matter? Also, what looks good on a resume besides just GPA, extracurriculars, etc? What stands out?
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Is this for serious?
I've noticed that students these days are doing things earlier and earlier in their lives. High schools kids are taking college classes to look good for university apps. People like Toastt are considering taking Series 7 before graduation. The next thing you know, high school juniors will be interning at Goldman Sachs.
0:45 - Ben Affleck will tell you!
I jest, but in all seriousness, I cant see it being a bad thing
I'm pretty sure that you can only sit for the Series 7 if you're sponsored by a Finra member firm. If you've got a hookup, sick - but this may be a consideration.
Any other comments? Thank you for the feedback everyone
Almost 100% positive that you need sponsorship from a FINRA registered firm.
Yes you do need a FINRA firm to sponsor for the 79/7/63. It gives you no real advantage since all contents are covered in training.
However... if you can get it, it would make your life a lot easier.
There is absolutely no point in taking the 7 early, as mentioned you have to be sponsored by a FINRA firm to sit for it, and in addition in order to maintain it you have to be a full time employee of the firm, so once you leave after the summer you would no longer retain your license unless you were able to work out an arrangement with the firm where you worked full time during the school year. You won't be given any duties as an intern where you would need the Series 7. The license is costly for the firm in terms of time taken for you to study as well as the actual cost.
Your time would be much better spent preparing for your job by reading industry reports, following the markets, and becoming more fluid with excel. Don't pay for SEC test prep materials because your firm should foot the cost for those if it is in the scope of your duties.
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