Training - How long does it take?
1) How long is training each day for 1st year analysts?
2) Is it Mon - Fri or Sat & Sun included?
3) Do they cover Series 7 & Series 63 materials?
4) How hard is the Series 7 & Series 63?
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training for what?
IB analyst?
the answers to the first 2 questions are bank specific
3)i'm sure they would 4) they're not, but you do need to study. the 63 in particular doesnt test concepts, just facts
?
Training was roughly 3 weeks, monday through friday. we had maybe 3 saturday excel sessions, but some people skipped. at my bank, series 7 is for associates, not analysts.
... is a little over 5 and a half weeks. It seems really long compared to other firms. I'm assuming they're giving us time to study for the Series 7 & 63?
After these seven to nine weeks, I get like a week or two off to study for the Series 7 and 63 and take the exams, so I am guessing the training could be considered around ten weeks in the end. Then rotations begin. Which last for quite some time.
Citi and JP Morgan both have 8 week training i believe
At my bank associates did 7 weeks of training and analysts did about 9. Series 7 is not difficult, it just covers a bunch of stuff that the vast majority of us will never, ever need to know. So it's a pain because it's a lot of memorization. Worth studying for, though, because while it's not hard, if you do mess up and fail it you'll look like a real dumb ass. Series 63 is a joke. I think I spent about 2-3 hours reading the study guide and taking 2 practice tests. Don't sweat it. And all of our analsyts and associates had to have both.
Can someone please elaborate on what the bulge bracket analyst training programs entail? Thanks.
I assume it is basic financial analysis techniques, modeling, ratios, etc. I currently work in a small middle market PE shop that did not provide any formal training and with no finance background I was forced to learn all of the requesite material on my own. Any insight would be appreciated. Thanks.
1) 6 - 8 weeks 2) Mon - Fri 3) No 4) Hate to quote a movie as bad as Boiler Room, but if you study you'll pass. If you think that just because you had a 3.9 at HYP you'll pass w/o opening the book, be prepared to get a 40.
wait, do ibankers need to take series 7/63? i was under the impression those are only for s&t and ecm/dcm people. can anyone help clarify this misunderstanding? thanks
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