EDJ and Series 7

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Mar 18, 2008 2:39 pm

Hi all I am just curious to know if there are any possibilities of staying on board with Edward Jones if you don't pass the series 7.  Is there any way they would keep you on board if you fail the exam??  Thanks.


Mar 19, 2008 6:08 am

it is true, but the Regional Leader can cash in a chip now and then to get an exception-- and then that person almost always eventually fails out down the road anyway--but not always.

Mar 19, 2008 7:14 am
bankroll:

Hi all I am just curious to know if there are any possibilities of staying on board with Edward Jones if you don't pass the series 7.  Is there any way they would keep you on board if you fail the exam??  Thanks.


What do you mean by "keep you on board?" 

Not as an FA.  Perhaps as a non-licensed assistant. If you lack the license(s) to legally function in a role, would you expect otherwise?

Mar 19, 2008 7:58 am

As new/new said, in rare circumstances, they will grant you a second chance at the exam.  I have only seen this is the case of a long-time BOA that gave up her position to try to become an FA.  She failed once (missed by one point), so they granted her another try.  I think she failed again, but I am not sure if she came back as a BOA somewhere.

 
But unless you live in St. Louis or Tempe, I'm not sure what else you could do with the firm.
Mar 19, 2008 8:37 am

By "keep you on board" I imagine bank meant allow him/her to take the exam again.

Mar 19, 2008 9:06 am

If you are doing well on the exams leading up to the test and have a "bad day"  They MAY give you a second chance.  If you were doing poorly on the check up exams and not calling in for help.  You are toast.

Mar 19, 2008 9:51 am

Bank, if you are stressing, don't.  Keep in mind 90% of EDJers pass the series 7.  I believe passing is around 65%.  Just do the 8-10 hrs a day and take the daily exams.  I came from training in another industry and for a pass rate to be this high, they will certainly gear the training towards what's on the exam.  If they throw out a question not in the end of chapter exams, write it down since its normally on the final exam.  Others can please correct me here that have already been through the EDJ training.

Mar 19, 2008 12:36 pm

I appreciate all the comments.  I have done very well on the chapter exams, and checkups but did perform as well on the actual finals and practice exams that they give you towards the end. 

Just a bit worried since this is one of the biggest tests that I have taken and my future is riding on this exam...

Mar 19, 2008 1:18 pm

I did better on the actual exam than I did on the practice exams.  Jones' practice exams are harder than the actual exam.

Mar 19, 2008 1:24 pm
Broker24:

I did better on the actual exam than I did on the practice exams.  Jones' practice exams are harder than the actual exam.

 
Me too.. I think I got 72 and 75 on the practice exams. (why i can remember that I don't know) but I got an 80 on the real thing.. and thought I was failing it at lunch time.
 
Miss J