A tip? Get used to it. If you think the pressure is high studying for the

Series 7, wait until you hit first year in the business.



Oh, and learn to use proper grammer.

[quote=Starka]A tip? Get used to it. If you think the pressure is high studying for the

Series 7, wait until you hit first year in the business.



Oh, and learn to use proper grammer.[/quote]

“grammar”

Just make sure you get the right study material, the STC stuff is very good, http://www.stcusa.com/content/securities/CourseView.asp?cour se=07 I used the books and DVD’s and they helped alot.  Set aside 4-5 hours a night for a couple of months and you should pass with no problems.

[quote=Starka] A tip? Get used to it. If you think the pressure is high

studying for the

Series 7, wait until you hit first year in the business.



Oh, and learn to use proper grammer.[/quote]



My apologies!

Dude, you’ll probably pass but then flame out of the biz within 12 mths.

[quote=$$$$$]Dude, you'll probably pass but then flame out of the biz within 12 mths.[/quote]

Mr. N

If there is one thing I have learned on this board in my short time here it is that 95% of the people here will try and talk you out of starting this business.  Believe it or not the majority are trying to save you the agony of a very high failure rate. 

After 8 hours at your current job do you look for the door or for something to do for the next four hours? 

Do you have support (financial and emotional) to carry you through the next 2-3 VERY tough years? 

Can you handle rejection, day after day after day?

Do you truly like dealing with people 12 hours a day?

Getting so much feedback on here has really led me to question my sanity for trying but I have the desire and support to make it...and so I will.

Put?

You don’t have to be extremely smart to pass the Series 7.  You just have to be prepared.  It takes a LOT of preparation to pass the test.

As you enter production, keep in mind that the Series 7 is a minimum credential.  It’s not something to brag about.  Passing the test is the easy part.

When you aren’t preparing, then you should be networking.  Get involved in the community.  You can’t sell or give advice yet, but you can take the first steps.  Focus on meeting people and making a first impression BEFORE you morph into a salesperson under a lot of pressure.

I’m surprised your boss tells you no social life.  Networking is one of the best ways to meet prospects.   It’s just a matter of finding the right social life.  Hopefully you have a better business plan than “lots of cold calls”.

Full disclosure:  I’m not a broker.  I’m a recruiter for retail FAs and private bankers.  I’ve never passed the Series 7, but I work with a lot of registered reps.

Good luck and let us know how it works out.

The best way to study for the seven is to vary your study materials. Dont just

study stc. Use dearborne and pass perfect as well.It is very important to

utilize all three. Stc questions are very simple in comparison to the test. The

dearborne are very similar in difficulty to the real test. the passperfect are

very challenging but they really beat the info into your head. Take tests until

you cant see. I was taking 5 tests a day for two weeks before my test. Study

up and PM me if you have any other questions.

thanks guys for the info… 

Answer practice questions. Doing the questions helps more than just reading. 

Failed it with a 63, got a couple of drinks, and went back and cleaned my space up and left. Did not bother to talk to the manager, because I knew he had high expectations. But all and all, Merrill Lynch is a very good place to work and everyone on this forum is absolutely right about starting out with a big wirehouse. The training is great and you get to meet a lot of expereinced brokers who have been in it for a while. Here we come Morgan Stanley.

Failed it with a 63, got a couple of drinks, and went back and cleaned my space up and left. Did not bother to talk to the manager, because I knew he had high expectations. I hope you are kidding.  You pulled an Fbomb and didn't even have the balls to tell your boss - What a Joke!!But all and all, Merrill Lynch is a very good place to work and everyone on this forum is absolutely right about starting out with a big wirehouse. You are so right. After all, you lasted all but three seconds-The training is great and you get to meet a lot of expereinced brokers who have been in it for a while. Here we come Morgan Stanley.

Morgan Stanley??? .. What the F**K makes you think you can last at MS?  If you pass on swing 2 – I give you a year until you get the axe again.  

[quote=choida]

Failed it with a 63, got a couple of drinks, and went back and cleaned my space up and left. Did not bother to talk to the manager, because I knew he had high expectations. But all and all, Merrill Lynch is a very good place to work and everyone on this forum is absolutely right about starting out with a big wirehouse. The training is great and you get to meet a lot of expereinced brokers who have been in it for a while. Here we come Morgan Stanley.

Joe:<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Now I know there is something wrong with you.  I was expecting the go home you’re a bum line or at least the McDonalds quote.

The first time I was crying about failing the 7, you ripped me to shreds!!    

[quote=DirtyDeltaBro]

Joe:<o:p></o:p>

Now I know there is something wrong with you.  I was expecting the go home you’re a bum line or at least the McDonalds quote.

The first time I was crying about failing the 7, you ripped me to shreds!!    

Joe:

 I somehow managed to pass the seven and a number of other exams. 

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

I wouldn’t say that I am rocking and rolling yet, but I am opening accounts and I am on my way to hitting my number. 

[quote=DirtyDeltaBro]

Joe:

 I somehow managed to pass the seven and a number of other exams. 

I wouldn’t say that I am rocking and rolling yet, but I am opening accounts and I am on my way to hitting my number. 

[quote=JCadieux]You don’t have to be extremely smart to pass the Series 7.  You just have to be prepared.  It takes a LOT of preparation to pass the test.

As you enter production, keep in mind that the Series 7 is a minimum credential.  It’s not something to brag about.  Passing the test is the easy part.

When you aren’t preparing, then you should be networking.  Get involved in the community.  You can’t sell or give advice yet, but you can take the first steps.  Focus on meeting people and making a first impression BEFORE you morph into a salesperson under a lot of pressure.

I’m surprised your boss tells you no social life.  Networking is one of the best ways to meet prospects.   It’s just a matter of finding the right social life.  Hopefully you have a better business plan than “lots of cold calls”.

Full disclosure:  I’m not a broker.  I’m a recruiter for retail FAs and private bankers.  I’ve never passed the Series 7, but I work with a lot of registered reps.

Good luck and let us know how it works out.



[/quote]

So during training, before you pass the exam, is this typically what trainees do? How does it work in general ?