A beloved question we all the time get is "How can I get sponsored for the Series 7 Test?"
Hunter College
If you are looking to break into the securities enterprise as a broker, you will consideration many firms require the Series 7 license. What is the question for most people? They don't have the license and it cannot be taken until you are employed or affiliated with a firm who will do it for you. There is the problem.
Many firms will still hire "broker trainees" that are unlicensed and will ultimately sponsor their new hired for the Series 7 once an preliminary training duration is completed. These firms are willing to go straight through that process for appealing candidates. Broker dealers that are in a strong hiring mode will offer training and sponsorship.
Other firms are only looking for Series 7 representatives or population with other licenses. The options for population right out of school are microscopic here. You will have to get hired first before you can take the Series 7. The good news is you can take a few other exams that can heighten your resume and these can be taken by individuals (no sponsorship necessary). They Include:
Series 65 Exam - Registered speculation Advisor
The Series 65 license looks dreadful on a resume and does not require a sponsor to sit for it. The license itself allows a person to fee fees for giving speculation advice.
Series 63 Exam - Uniform State Law Agent
The Series 63 is commonly a required license and this can be taken as an independent. You can register to solicit enterprise in other states with a Series 63. A big plus on a resume as well.
Series 3 Exam - Futures and Commodities
Although most firms do not engage in big futures business, you don't know what your eventual firm does - so, it may be a useful license. In this job market, the more licenses the better.
What if you are a Tax Attorney, Mortgage Broker, Real Estate Agent or any other professional with existing clients and you want to take the Series 7?
The answers are best here. Our firm, and a few others Will look to affiliate with professionals such as these, and Will strongly consider sponsoring you and setting you up as an independent broker.
You have clients and you want to add investments to your practice. We would be interested in affiliating with you. Since the clients and contacts are already there, the chances of enterprise being done by the professional to benefit him or herself and the firm is likely.
So, there are verily two answers to the primary question of "how to get sponsored". If you do not own a current practice like a Cpa or an Attorney, you will not be able to take the Series 7 exam until you are hired as an laborer at the firm who hires you. If you are a professional that is currently selling financial products or a legal professional, firms such as our will speak with you and allow you to operate as an independent agent out of your office - while allowing you to continue all of your current business.
The last choice for new population entering the full time finance market, is to get as many of the "no sponsorship required" licenses as possible. Dress up that resume and get licensed with as much as you can. Your dream job awaits you.
Independent Broker Set-Up
Good Luck!
Series 7 Sponsorship
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