My story...7 is over 66 is up in 2 wks

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Aug 29, 2006 1:05 pm

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


Now I feel more like my last few  weekends at home studying have been worth it...Came from retail banking started interview process in Feb…..


Considering my lack of experience in wealth management just for the fun of it I submitted app online. I didn’t finish the app because 2 questions required a brief summary type response. Completely forgot about app month later (unaware app was reviewed) company called me up for pre assessment. Fairly easy(don’t now what I scored) and then spoke briefly with BM before leaving and left a good impression. Few weeks later next interview very informal and friendly atmosphere then scheduled next interview 3 weeks later with regional hr rep(after quite a bit of phone tag and no updates when expected). For this I had to prepare a business plan which was a first for me but good learning experience. Templates and online help was very minimal most of those focused on applying for financing etc...Interview went well and now its halfway through May. Within a few days I was told I got the job and there was just one last approval and what was my preference on start June or July. Okay simple question simple answer picked June. Gave formal notice at previous employer and scheduled it so I had extra week to take vaca. While on vaca I learn the last approval is another interview indicative that I really didn’t have the job. So the interview is scheduled for a few weeks later at their head office in another city. Not to worry had a backup plan. Found another position within retail banking other company that I was able to start beginning of June as well....Told myself I would never burn bridges but being three months into the process and no clear overview I had to have a backup plan. So while in training at new job (that I submitted U-4 at) they fly me out for interview that lasted 30minutes and within 10 minutes was told I had the job the rest was just chit chat. So no formal notice at backup job (I know bad idea because they wanted me to stay and wanted me to go into their FA division 1.7 billion iin assets is what they always brag on their webpage). This was flattering because it came from branch manager’s manager’s manager. At my previous company I couldn’t have fathomed ever seeing that person let alone eating lunch with them. I still ended up declining the offer because I put blood sweat and tears per se into this position I just got.   soooo....started job beginning of July....paid to study 8 hrs a day 40 hrs a week then take the exam...would look on here every few weeks just to get input about testing materials etc..last few weeks were a little more stressful but took the exam and passed it!!!using only STC...my advice just like everyone else take plenty of practice exams BUT if you can get a hold of the boring dry vhs tapes dvd's etc...WATCH THEM. After I read through the book 2 maybe three times some things didn’t seem clear till I watched the videos from 1993..It is fair to say the the estimates for question quantitys are true in terms of largest portions...lots of options questions debit credit related and also bull bearish straddles combinations etc then 2nd most had to be a mix of munis and bonds in general ..very few taxation questions which was a pleasant surprise...fairly simple retirement and ira questions...not many reg questions but ones that were there pretty straightforward...few mutual fund questions for options you didn’t have to read any charts..(really liked those questions) just one or two questions about in the money or intrinsic value but they didn’t use those phrases...kinda surprising...few theory and funda vs. tech. analyst... ..so the point of all this nothing…


I just thought i would use this as a place to tell my story and ask for any input for the 66..today sitting and reading through this I can see how different and dry the material seems...but the big hump is over I still have job and can feel comfortable moving into the new house with a paycheck to make the mtg. pmt...sooo many people knew i was taking the test and moving and I felt like I was setting myself up for failure by not studying every night when I got home  so I am very glad my studying on the last few weekends paid off...Suggestion: during exam its a good idea to take notes from first section of things you might not have remembered and write on the dry erase book because you get to have all that info for second half also if you spend the first few minutes writing down formulas you remembered not eps or div. yield acid test or all those acct. related formulas because I didn’t have any of those...oh yeah few dpp?'s hated that section when reading through it but the actual questions weren’t too bad...


Aug 29, 2006 1:20 pm

OMG...I want that last couple minutes of my life back.

Aug 29, 2006 1:24 pm

So what firm's offer did you decline and where are you at now?

Aug 29, 2006 1:49 pm

What the hell was that?


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Quote: so the point of all this nothing…


Reply: That's what you should have started the post with, you don't win friends around here by wasting their time.

Aug 29, 2006 2:08 pm
dude:

s;adfjaslkdfj;as hvasl diga;s'dritogha;eroihwe;kfgajlkejngm;sevpoar qy'34o5ij;lc gktjm;gwa4evjim;dfalkjg;dlkfgjs;dl kfjgs;lkq;owiuetoiutpwoeirga dkgjn;dlkbf /,.m/cv.m,bs/lakdjt ;qoirugj[weiogjms;dklf s'gjks;'dlkactgj;eslgfj;s eidtyujw;po 456iy uw,v;o9iu s;dig;v lkjb ;sjhb w';o5iuy w4[09u v[,09 tuq[ ior j;lk:(U F(PY #&%(P# %:VOJH##%)(^U:OIH#RY<Q vuamp98 5y;bq5iwmortum cp3oavi6uq;oiu5m,aer6n 2pgmwceiomakry6wcilusemlkuryhn opb435916[pm u9 8c,quw8c4;oxq8m nu[98 YUW($% $P ^#(P*%^ V%#U(B%(@by^^yp" target="_blank">@by^(^yp n((yzp(8Y p9&YN )#($&{P(TQhlvauinekjthv;aekljhwrgkjag;qao3e8qtyp3igzch; Tf klahwvpg;akjyentr aweuinthlaeuk tynav iuhaekrtm vaglakje rhvnlawisuy5tvnoqw3i68yb2p 8yubqw89nmrtyvcm93n5m09vmpzrOCI*&C YOPL(M*%#&Ycpq986qw398cmao8uaP:ZOWIUc;ptqoiue;roiqupto ptoivmuw4o5298cvmp389yv79p8ymutgowecy7895304cv763-689ym,5cv- 4690uybv3-9486mb3v,9-8564974bvqwm0987dkw9p8xqyup983f6y954wk0 56wve9mb8;e


You actually got a "mailto:" hyperlink in there.  Sweet.


I was sure in that tome of a post I was going to read, "and then one time, in band camp..."

Aug 29, 2006 2:10 pm

Congrats on your 7.  I got mine last week (91%).  I’ve been taking CFP classes and put off the 66 studying until after Labor Day.  I have been told that the 66 requires a very different approach than the 66.  80% is on the <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />USA and much of it is written in legalese.  Test taking skills will help but truly understanding the materials will be best.  I hope this helps and thank you for giving me the opportunity to brag about my score.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


 


--WM

Aug 29, 2006 2:17 pm

azmalu, Are you taking English as a second language?

Aug 29, 2006 2:26 pm

Wall of text.  TLDR

Aug 29, 2006 2:27 pm
WealthManager:

Congrats on your 7.  I got mine last week (91%).  I’ve been taking CFP classes and put off the 66 studying until after Labor Day.  I have been told that the 66 requires a very different approach than the 66.  80% is on the <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />USA and much of it is written in legalese.  Test taking skills will help but truly understanding the materials will be best.  I hope this helps and thank you for giving me the opportunity to brag about my score.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />



Any tips for us on the 7, WM?

Aug 29, 2006 3:00 pm
WealthManager:

Congrats on your 7.  I got mine last week (91%).  I’ve been taking CFP classes and put off the 66 studying until after Labor Day.  I have been told that the 66 requires a very different approach than the 66.  80% is on the <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />USA and much of it is written in legalese.  Test taking skills will help but truly understanding the materials will be best.  I hope this helps and thank you for giving me the opportunity to brag about my score.

--WM



It's been awhile, but I got a 96 on the 7 (241/250), so  to you...



Anyway, good job...now quit wasting so much time studying...by the time I took the 24 last year, I'd worked my score down to an 80...much more efficient even if Newbie doesn't approve...

Aug 29, 2006 3:03 pm
babbling looney:

Wall of text.  TLDR

++

Aug 29, 2006 3:32 pm
Indyone:

It's been awhile, but I got a 96 on the 7 (241/250), so  to you...





That's a great score!  My 91 was 229/250.  I feel it should have been a 92 since 229/250 is 91.6. 

Aug 29, 2006 3:42 pm
WealthManager:
Indyone:

It's been awhile, but I got a 96 on the 7 (241/250), so  to you...





That's a great score!  My 91 was 229/250.  I feel it should have been a 92 since 229/250 is 91.6. 



My sales assistant got 249/250--and she studied for an hour or two on the day of the test.  Just got it by osmosis from hanging around with me.


She changed one question--but is pretty sure she changed a wrong to right.


I'm in the camp that believes that it was better when they just gave pass or fail--there is no reason why the individual needs to know what they scored--plus it just opens the door to tall tales.

Aug 29, 2006 4:40 pm

I made the disclaimer in BOLD TEXT at the top. No English is not my second language I think I just have a tendency to keep typing when posting on forums. JP Morgan was the bank where I worked for a just a few weeks. SB is where I am at now. CFP is optional here and down the road. After 66 comes an in house exam then insurance then they send rookies to Hartford CT for three weeks. Babbling Looney I think I should have taken your sn but whats the acronymn TLDR? I just remember reading some threads about peopel being depressed after not passing and all those stories so I didnt think mined was too bad.

Aug 29, 2006 5:05 pm
NASD Newbie:
WealthManager:
Indyone:

It's been awhile, but I got a 96 on the 7 (241/250), so  to you...


That's a great score!  My 91 was 229/250.  I feel it should have been a 92 since 229/250 is 91.6. 


My sales assistant got 249/250--and she studied for an hour or two on the day of the test.  Just got it by osmosis from hanging around with me.


She changed one question--but is pretty sure she changed a wrong to right.


I'm in the camp that believes that it was better when they just gave pass or fail--there is no reason why the individual needs to know what they scored--plus it just opens the door to tall tales.


Gee, that's not the gist of what you were saying earlier when you were working people over for just barely passing the test...


As far as tall tales (which you gave an an appropriate example of), if we didn't all have to be so paranoid about anonymity, I'd post the damned thing here.  While I don't need your validation, I'd enjoy sticking it in your face just to show you that not everyone who posts here shares your tendencies to inflate their resume.


If I can figure out how to scan it and remove my personal information, I may yet post it when I have some free time...let me do some investigation on that...


and BTW, I really do enjoy the sparring...no hard feelings on my part...

Aug 29, 2006 5:10 pm
BankFC:

OMG...I want that last couple minutes of my life back.



Excellent.  He must be at Ameriprise

Aug 29, 2006 5:45 pm

TLDR =  too long didn't read


Congratulations on passing. Its a big accomplishment.


It would have been more readable if you used a paragraph break occasionally and had not created a wall of text.  Just a suggestion.

Aug 29, 2006 6:30 pm

Even if I wanted to edit apparently all users dont haev access to edit function so I guess it will remain the same.

Aug 29, 2006 8:04 pm

Whether you get 70 or 100% you're still a Doctor.

Aug 29, 2006 9:51 pm

I got a 319/240.  I used leverage though.