Studying for the 7 - my experience so far

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Jun 23, 2005 11:08 am

 Hey guys, I'm new here, but read a lot of the posts today about
the amount of time it takes to study for a 7.  I'm studying now
and I know I've made one mistake:  Trying to do it too
quickly.  I just finished my MBA at the University of Miami on May
20 (graduation) and tried to take the test in roughly 3 weeks of
studying.  Couldnt be done.  I canceled my appointment
because I didnt think I had as good of a chance of passing as I wanted
to.  I was too burnt out from finals and school to focus
appropriately.   Now I'm taking a few days off of studying to
clear my mind, have some sex with the girlfriend and get focused
again.  I suppose some of you will say that I'm not as smart as
you or such, but I think that if someone with an MBA in finance, just
out of school is having a bit of trouble grasping all the 
material, then  its not an easy task.  The material isnt that
hard, its just the quantity of it and, in my case, getting motivated
again. 

Jun 23, 2005 11:12 am

Edit:  just so you know, my window was  opened the 8th  and i wanted to take the test the 21st (Monday)

Jun 23, 2005 11:17 am
MikeTampa:

 Hey guys, I'm new here, but read a lot of the posts today about the amount of time it takes to study for a 7.  I'm studying now and I know I've made one mistake:  Trying to do it too quickly.  I just finished my MBA at the University of Miami on May 20 (graduation) and tried to take the test in roughly 3 weeks of studying.  Couldnt be done.  I canceled my appointment because I didnt think I had as good of a chance of passing as I wanted to.  I was too burnt out from finals and school to focus appropriately.   Now I'm taking a few days off of studying to clear my mind, have some sex with the girlfriend and get focused again.  I suppose some of you will say that I'm not as smart as you or such, but I think that if someone with an MBA in finance, just out of school is having a bit of trouble grasping all the  material, then  its not an easy task.  The material isnt that hard, its just the quantity of it and, in my case, getting motivated again. 



No motivation = short career.


My sister has a MBA too.  Much like you, she also has no job and no motivation. 


You might have the persistency to acquire a degree but you are by no means "smart".

Jun 23, 2005 11:19 am

Actually, I have a job.  Do you have an MBA?  Did you finish
finals and then try to jump right into this?  I'm just sharing my
expereince. 

Jun 23, 2005 11:19 am

Mike Tampa - relax and enjoy yourself. Congrats on the MBA. The only
warnings I would issue, would be of elderly men, talking with clentched
teeth, muttering they were from "Turkeylick" while they haunched over
and scattered feathers out of a brown paper-bag. 

Jun 23, 2005 11:20 am
Mojo:

Mike Tampa - relax and enjoy yourself. Congrats on the MBA. The only
warnings I would issue, would be of elderly men, talking with clentched
teeth, muttering they were from "Turkeylick" while they haunched over
and scattered feathers out of a brown paper-bag. 





cool...thanks....not sure what you're talking about... but thanks.

Jun 23, 2005 11:42 am
MikeTampa:
Mojo:

Mike Tampa - relax and enjoy yourself. Congrats on the MBA. The only
warnings I would issue, would be of elderly men, talking with clentched
teeth, muttering they were from "Turkeylick" while they haunched over
and scattered feathers out of a brown paper-bag. 





cool...thanks....not sure what you're talking about... but thanks.

 





Welcome to the club.  Mojo appeared a week or so ago and hasn't made sense yet.



He seems to go through a newspaper cutting words out--then toss them in
a hat and post them on this forum in the sequence in which they are
drawn from the hat.

Jun 23, 2005 12:24 pm
MikeTampa:

Actually, I have a job.  Do you have an MBA?  Did you finish finals and then try to jump right into this?  I'm just sharing my expereince. 


Why do I need an MBA?  I have my series 7.

Jun 23, 2005 12:29 pm
Dewey Cheatham:
MikeTampa:

Actually, I have a
job.  Do you have an MBA?  Did you finish finals and then try
to jump right into this?  I'm just sharing my expereince. 


Why do I need an MBA?  I have my series 7.





An MBA indicates you received an education, a Series 7 indicates you
guessed at least 70% of the questions correctly on a multiple choice
test.



Is this a sales job, like used cars--or is it a profession that
features practioners who claim an exptertise such as accountancy or the
law?



If it's used cars, then a license like Series 7 is enough.  If
it's a profession then an advanced degree should be mandatory.

Jun 23, 2005 12:35 pm
Put Trader:
MikeTampa:
Mojo:

Mike Tampa - relax and enjoy yourself. Congrats on the MBA. The only
warnings I would issue, would be of elderly men, talking with clentched
teeth, muttering they were from "Turkeylick" while they haunched over
and scattered feathers out of a brown paper-bag. 





cool...thanks....not sure what you're talking about... but thanks.

 





Welcome to the club.  Mojo appeared a week or so ago and hasn't made sense yet.



He seems to go through a newspaper cutting words out--then toss them in
a hat and post them on this forum in the sequence in which they are
drawn from the hat.





The answer is No. P-wee, is not my hand-puppet.

Jun 23, 2005 12:37 pm
Dewey Cheatham:
MikeTampa:

Actually, I have a
job.  Do you have an MBA?  Did you finish finals and then try
to jump right into this?  I'm just sharing my expereince. 


Why do I need an MBA?  I have my series 7.





Well, if it doesnt work out for me as a rep, i have a good education to fall back on. 

Jun 23, 2005 2:56 pm
MikeTampa:
Dewey Cheatham:
MikeTampa:

Actually, I have a job.  Do you have an MBA?  Did you finish finals and then try to jump right into this?  I'm just sharing my expereince. 


Why do I need an MBA?  I have my series 7.




Well, if it doesnt work out for me as a rep, i have a good education to fall back on. 
 


Nice plan.

Jun 23, 2005 3:00 pm
Put Trader:
Dewey Cheatham:
MikeTampa:

Actually, I have a job.  Do you have an MBA?  Did you finish finals and then try to jump right into this?  I'm just sharing my expereince. 


Why do I need an MBA?  I have my series 7.




An MBA indicates you received an education, a Series 7 indicates you guessed at least 70% of the questions correctly on a multiple choice test.

Is this a sales job, like used cars--or is it a profession that features practioners who claim an exptertise such as accountancy or the law?

If it's used cars, then a license like Series 7 is enough.  If it's a profession then an advanced degree should be mandatory.


Hmmm...as far as I know I get paid on movement of product.  Just like a car salesman.  However, this is a much more consultative sales process since it involves the sales of intangibles and has a much greater liability beyond a car leaving the parking lot.  It seems to me that this job is much more closely related to sales.  Not only is it a sales job but it is a professional sales job.  A degree is neither mandatory nor necessary.  Common sense is all that is required.  If you want to take your degree and wax philosophic about modern portfolio theory, Monte Carlo simulation, quantative models, and derivatives...THIS AIN'T THE JOB FOR YOU!

Jun 23, 2005 3:38 pm

Years
ago the kids couldn't have made it into the front office.  If they
had worked hard and gotten MBA's maybe they could have gotten
assistant-trader gigs at second-tier firms.  but these kids didn't
have MBAs.  Some of them could barely read.  They couldn't
have gotten any firm to hire them as brokers, not when it was the 1980s
and the maret was booming and the Street was filled with ambitious
preppies trying to make it in the business.  Kids without fancy
college degrees could have made it only to the back office, slogging
along as clerks, or maybe working in the office were brokerage trades
were executed.  But the penny stock era, the era that was coming
to an end in the early 19909s, started to put the street kids in the
front offices.



Page 48, Born to Steal, When the Mafia Hit Wall Street by Gary
Weiss.  A must read for anybody without a degree who thinks that
they've stumbled into a career that they thought was out of reach.

Jun 23, 2005 4:10 pm
Dewey Cheatham:
Put Trader:
Dewey Cheatham:

[quote=MikeTampa]Actually, I have a job.  Do you have an
MBA?  Did you finish finals and then try to jump right into
this?  I'm just sharing my expereince.  [/quote]


Why do I need an MBA?  I have my series 7.



An MBA indicates you received an education, a Series
7 indicates you guessed at least 70% of the questions correctly on a
multiple choice test.

Is this a sales job, like used cars--or is
it a profession that features practioners who claim an exptertise such
as accountancy or the law?

If it's used cars, then a license
like Series 7 is enough.  If it's a profession then an advanced
degree should be mandatory.


Hmmm...as far as I know I get paid on movement of product. 
Just like a car salesman.  However, this is a much more
consultative sales process since it involves the sales of intangibles
and has a much greater liability beyond a car leaving the parking
lot.  It seems to me that this job is much more closely related to
sales.  Not only is it a sales job but it is a professional sales
job.  A degree is neither mandatory nor necessary.  Common
sense is all that is required.  If you want to take your degree
and wax philosophic about modern portfolio theory, Monte Carlo
simulation, quantative models, and derivatives...THIS AIN'T THE JOB FOR
YOU!





Well, first off, this was a thread to say that I sympathize with anyone
who is struggling to study.  In another post you said you studied
for

5 weeks, i've studied for 3.  So in effect, not only can i take
the test quicker then you can if i take it next week, im also more
educated then you are.  So I guess your just jealous of someone
who holds a degree you only aspire to have. 

Jun 23, 2005 4:44 pm
MikeTampa:


In another post you said you studied for
5 weeks, i've studied for 3.  So in effect, not only can i take the test quicker then you can if i take it next week, im also more educated then you are.  So I guess your just jealous of someone who holds a degree you only aspire to have.  


Just a suggestion....pass the test before you start trash talking...you're just making yourself look like a punk. 


I don't have my MBA and I'm not jealous of you b/c you do. I'm intelligent, I'm making good money, my clients love me, and I'm happy.  Of course, I'm still motivated to be more, but I honestly don't believe that the kind of degree or the amount of time you study for a test makes somebody better than somebody else.


Personally, I took 6 weeks to study....not b/c I'm smarter or dumber than anybody else, I just chose to take 6 weeks (I do have a life outside of my job).  Sometimes everyone on here gets caught up in a 'pissing contest' for no reason.

Jun 23, 2005 4:50 pm
sienna:
MikeTampa:


In another post you said you studied for
5 weeks, i've studied for 3.  So in effect, not only can i take the test quicker then you can if i take it next week,
im also more educated then you are.  So I guess your just jealous
of someone who holds a degree you only aspire to have.  


Just a suggestion....pass the test before you start trash talking...you're just making yourself look like a punk. 


I don't have my MBA and I'm not jealous of you b/c you do. I'm
intelligent, I'm making good money, my clients love me, and I'm
happy.  Of course, I'm still motivated to be more, but I
honestly don't believe that the kind of degree or the amount of
time you study for a test makes somebody better than somebody else.


Personally, I took 6 weeks to study....not b/c I'm smarter or
dumber than anybody else, I just chose to take 6 weeks (I do have
a life outside of my job).  Sometimes everyone on here gets caught
up in a 'pissing contest' for no reason.





Hey, if you read the whole thread, I wasnt talking trash.  I was
saying how difficult a time I'm having studying right now.  Dewey
started in with the whole deal about how my education doesnt
matter.  I was never talking trash to begin with.  He didnt
have to start running his mouth in the first place. 

Jun 23, 2005 4:58 pm
MikeTampa:
sienna:
MikeTampa:


In another post you said you studied for
5 weeks, i've studied for 3.  So in effect, not only can i take the test quicker then you can if i take it next week, im also more educated then you are.  So I guess your just jealous of someone who holds a degree you only aspire to have.  


Just a suggestion....pass the test before you start trash talking...you're just making yourself look like a punk. 


I don't have my MBA and I'm not jealous of you b/c you do. I'm intelligent, I'm making good money, my clients love me, and I'm happy.  Of course, I'm still motivated to be more, but I honestly don't believe that the kind of degree or the amount of time you study for a test makes somebody better than somebody else.


Personally, I took 6 weeks to study....not b/c I'm smarter or dumber than anybody else, I just chose to take 6 weeks (I do have a life outside of my job).  Sometimes everyone on here gets caught up in a 'pissing contest' for no reason.




Hey, if you read the whole thread, I wasnt talking trash.  I was saying how difficult a time I'm having studying right now.  Dewey started in with the whole deal about how my education doesnt matter.  I was never talking trash to begin with.  He didnt have to start running his mouth in the first place. 
 


Dewey started it!!  What a dumbass.


Your initial post says that you lack motivation.  I agreed with you.  You got offended.  Tough.


You trumpted your MBA.  It doesn't mean sh*t.  Get a job.  Pass the series 7.  Pay back your loans.  Bitch.


The only thing any college degree signifies is your dedication to a goal.  Not intelligence.  So, you decided to waste your time getting a degree, then decided to get another one.  Big deal.  I spent the same time getting real life work experience.  That along with my intelligence, my motivation, my personal intangibles, and my series 7 puts me well ahead of you in my (our) chosen career.


Get off the internet and get busy studying.

Jun 23, 2005 5:14 pm
Dewey Cheatham:
MikeTampa:
sienna:

[quote=MikeTampa]
In another post you said you studied for
5 weeks, i've studied for 3.  So in effect, not only can i take the test quicker then you can if i take it next week,
im also more educated then you are.  So I guess your just jealous
of someone who holds a degree you only aspire to have.  
[/quote]


Just a suggestion....pass the test before you start trash talking...you're just making yourself look like a punk. 


I don't have my MBA and I'm not jealous of you b/c you do. I'm
intelligent, I'm making good money, my clients love me, and I'm
happy.  Of course, I'm still motivated to be more, but I
honestly don't believe that the kind of degree or the amount of
time you study for a test makes somebody better than somebody else.


Personally, I took 6 weeks to study....not b/c I'm smarter or
dumber than anybody else, I just chose to take 6 weeks (I do have
a life outside of my job).  Sometimes everyone on here gets caught
up in a 'pissing contest' for no reason.



Hey, if you read the whole thread, I wasnt talking
trash.  I was saying how difficult a time I'm having studying
right now.  Dewey started in with the whole deal about how my
education doesnt matter.  I was never talking trash to begin
with.  He didnt have to start running his mouth in the first
place. 
 


Dewey started it!!  What a dumbass.


Your initial post says that you lack motivation.  I agreed with you.  You got offended.  Tough.


You trumpted your MBA.  It doesn't mean sh*t.  Get a
job.  Pass the series 7.  Pay back your loans.  Bitch.


The only thing any college degree signifies is your dedication to a
goal.  Not intelligence.  So, you decided to waste your time
getting a degree, then decided to get another one.  Big
deal.  I spent the same time getting real life work
experience.  That along with my intelligence, my motivation, my
personal intangibles, and my series 7 puts me well ahead of you in my
(our) chosen career.


Get off the internet and get busy studying.





That "real-life work experience" is clearly overshadowed by your lack
of maturity.  Maybe if you were intelligent enough to get into
college, you would have developed a modicum of maturity.  And
besides, if you're so far ahead of me in your (our) career why dont you
do something productive today instead of trying to rip on
someone?   Surely you must have some clients to attend to......

Jun 23, 2005 5:36 pm

Put, have you read Liar's Poker? It is about the bond traders at Salomon back in the day. You certainly didn't need an MBA to get with the biggest firm out there then.



I try to stay the Hell away from any posting that is headed this way, but I got to tell ya, education in this business does not have anything to do with success (if anything it is an inverse relationship).