nuppal Wrote: ------------------------------------------------------- > I plan on working here till I am 90 years old Leave CFA too then. Lol
I studied for two weeks using the Securities Training Corp material and passed with a 74%. Then I took the rest of the day off and listened to Guns n Roses’ “Use Your Illusion” on auto-replay. Pretty sweet.
I have a hard time believing Numi getting anything below 90% on any exam.
Does anyone know the reason behind why you need to be a FINRA member firm to sit in the exam ? Seems like a way just to create an artificial barrier… (when you think about, you can even sit for the CPA in a lot of states without being a U.S. citizen and no accouting bachelors…the requirements for the designation come later)
CFAMaven Wrote: ------------------------------------------------------- > Does anyone know the reason behind why you need to > be a FINRA member firm to sit in the exam ? Seems > like a way just to create an artificial > barrier… > > (when you think about, you can even sit for the > CPA in a lot of states without being a U.S. > citizen and no accouting bachelors…the > requirements for the designation come later) If CFA institute adapts that rule, we will have: 1- Better quality of candidates 2- Way fewer people passing two and/or three levels and complaining they can’t find relevant employment 3- Less panic when the pass rates rise, since most are already employed in the industry and not trying to break in. As for the CPA, well you have dozens who passed the CPA exam and applying to HR Block.
The whole point of the series 7 is to regulate *representatives* of a broker-dealers. You don’t need it unless you’re talking to clients or sitting on a trading desk. While passing it is not an accomplishment, failing to pass is quite a feat…
former trader Wrote: ------------------------------------------------------- > I have a hard time believing Numi getting anything > below 90% on any exam. That was a typo, he meant he scored 174%.
XSellSide Wrote: ------------------------------------------------------- > former trader Wrote: > -------------------------------------------------- > ----- > > I have a hard time believing Numi getting > anything > > below 90% on any exam. > > That was a typo, he meant he scored 174%. LOL…nice
You’ll never pass it…the series 7 is way too hard. Just give up, nogiveup
Series 7 vs. MBA Thoughts?
L1Candidate, if you don’t like to give comment, don’t answer my question. Otherwise, you’re always L1 Canadidate for CFA exam.
nogiveup Wrote: ------------------------------------------------------- > Hi QuantJock, please shoot me the file at > 5eric11@gmail.com. Thanks a lot. Sent, good luck!
While it may not be neccesary to take the 7 if your not talking to clients or sitting on a trading desk, I still must ask, is their any value for individuals to take the exam even if you do not currently work in the above capacity? This quesiton is being asked from the perspective of a relativly new grad with less than 2 years of exp. and wants to, in a sense, “line the pockets” of his profile. Would employers who require the 7 to be completed from its employees look at already having passed the exam as an asset?
Hey paullllly, If you are planning on looking into jobs at a broker-dealer/investment brokerage firm, many positions in the industry require the 7 as a prerequisite. Basically, even if you are not in sales/trading, there are still many positions that exist in the b-d industry that require the 7. If the firm is in a hurry to hire someone, they may look favorably on your application since you have already obtained the 7 and can hit the ground running. The 7 is a prerequisite for other licensing exams, which you may also need to get if you’re going to be working in a ‘principal’ capacity where you trade for client accounts, sign off on customer accounts, approve marketing materials, etc. For what it is worth, although the 7 is not very intellectually challenging, the amount of information you will get tested on that is very specific to the industry is pretty broad. That said, a lot of people fail the 7 multiple times. Was this helpful at all? Remember, however, that you need to be employed by a FINRA member firm in order to be eligible to sit for the test. It can be frustrating to those who want the 7 but aren’t working at a FINRA member firm.
LI actually stands for Long Island, I’ve passed all three exams. Nice try. I also have several industry licenses, including the 7. It’s not hard at all. Not even comparable to CFA exams. Give yourself a month to thumb through the material and you’ll be fine. A week if you’re going to study hard. nogiveup Wrote: ------------------------------------------------------- > L1Candidate, if you don’t like to give comment, > don’t answer my question. Otherwise, you’re > always L1 Canadidate for CFA exam.
Being a Level 2 Canidate you should have no problems with any investment questions. I would do a refresher on muni bonds and memorize any security laws. Otherwise it is not even comparable to the difficulty of a CFA Level 1 text book (single text book that is)… no need to worry just don’t half ass security laws/requlations which is really the only new material
hi KKNY, your comment is a lot of helpful for me to study through STC. I got the binder, practice exam, final exam, and the On Demand which is only another slide video. I just finish the first 13 chapters, but have a hard time on Ch. 13 Option. For the exam, how frequent they ask about the percentage, like min. maintance for different assets, and how many questions for the actual calculations need to be calculated. Any calculator provided on the test center? I’m going to take the first practice exam tonight or tomorrow. Let’s see how i am doing so far. thanks for your comment again.
Quant Jock, could you send it my way? Want to get a head start on the new job. nicolas (dot) uppal (at) gee male (dot) com
Nuppal or QJ, mind shooting a copy my way… recyler611 (at) gmail (dot) com