Studying for the Series 7 exam, Finance major

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Mar 9, 2010 10:18 pm

Hey,

I just graduated as a Finance major and I wanted to know from other finance majors, How long they studied until they felt prepared?

Also, I'm studying for the Series 7 exam and I wanted some input about using STC and Dearborn study guides from 1998.  I probably shouldn't, but I would like some opinions.   I also have the option of buying the 2008 STC study guide for $50.  Or should i just fork over the $240 for the new STC study guide?

Tips on studying habits would be greatly appreciated!

Thanks!

Mar 9, 2010 11:21 pm

Frankly you should buy the new package as the practice tests are the important part to passing the test.  I recommend buying the CD and not taking the test until you get an 85% on 3 of the closed book final exams including #13.

Mar 10, 2010 3:18 am

Thanks for your input.  I'm going to buy the 2008 STC study guide with the practice CD.

I would like to lay out my plan for studying and would like input on my method.

I will be using the STC study guide + practice exam cd, and I also have a six part video study guide that STC released which covers all the topics on the Series 7.  The video is about 8 hours long in total.  So, I was going to FIRST start out with the video, and than move into the physical study guide + practice exams.  I will than retake the practice exam's until I score higher than 85%.

Please let me know your opinions.....Thank You 

Mar 10, 2010 8:51 am

laying out your plan for study depends on how many hours a week you can commit to studying.  if your company's number 1 priority is getting you licensed and gives you alot of time to do that, than it shouldn't take you much more than a month or two.  if you have to study on your own, plan on a longer time table unless you can come home and actually pound out 2-3 hours a night studying.

Mar 10, 2010 8:35 pm

Here iz da secret how I passed da tess...osmosis

Thats right...I slept wiff da book under muh ma pillow

Ya'll is mad stupid

Mar 10, 2010 10:28 pm

If you have a finance degree from any accredited college, and have any intellectual skills, the test is easy with a little study.  The question you need to ask is, what company do I want to work for balanced with where I want to work and can I get it?  Unless things changed you need to be sponsored to sit for the test.

Mar 10, 2010 10:59 pm

I am being sponsored by my dad's firm........I am fortunate enough to have a father that is a financial rep.....Now it is all up to me.......Thank you for your help and opinions

Mar 11, 2010 1:01 pm

I studied for 50 hours total and had no problems about 3 years after I graduated. If you *just* graduated, I would plan on maybe 40 or so.

Mar 11, 2010 2:02 pm

If you are all of 21-22 yrs old, then go somewhere and get some experience. Who in their right mind is going to trust their life savings to some kid fresh out of college? Join the Navy Supply Corps. See the world and get some responsibility. What kind of pussy gets a job with his daddy? Grow up junior.

Mar 11, 2010 2:46 pm

[quote=navet]

If you are all of 21-22 yrs old, then go somewhere and get some experience. Who in their right mind is going to trust their life savings to some kid fresh out of college? Join the Navy Supply Corps. See the world and get some responsibility. What kind of pussy gets a job with his daddy? Grow up junior.

[/quote]

there is a broker in our office who is 23 years old, 9 months down and is rounding on 3MM under management.  He doesn't look older than his age, but is just confident in what he sells and rarely finds age as an issue. 

Mar 11, 2010 2:54 pm

A pussy that is going to learn from his dad's first year mistakes, who is not going to be pushed by other broker dealers to sell their shitty funds to clients and than in turn get f'ed over by the broker dealer.  I guess going away to college while maintaining a full time job to pay for college is not any sort of responsibility. 

What is the matter navet, do you have daddy problems?  Go FYS.

For eveyone else, your help is very aprreciated, Thank You.

Mar 11, 2010 3:24 pm

navet's a tool


Don't get a job until you're 45 then people will trust you because you're responsible

Mar 11, 2010 4:52 pm

Experience talks and bulls--t walks. 20 somethings have NO BUSINESS in THIS BUSINESS!!! Go and learn a little about life juniors. If your daddy couldn't afford to pay for your college, and he's an FA, then he is too big a loser to learn from. Detach from the tit, and get on with your life.

BTW, who are you trying to impress with the nomen get-hard-get-raw??? Sounds like you need a little viagra junior. And at your age....Or just wishfull thinking?...that's probably it.

Mar 11, 2010 10:12 pm

Hey remember that thing called responsibility you brought up, THATS WHY I PAID FOR MY OWN COLLEGE.

You are a tool.......you're that a-hole that tips 10% and has a grudge against the younger generations.  I need to learn about life, and you need to GET A LIFE instead of talking out of your a$$ in a forum that is supposed to be helpful for future rep's. 

Mar 12, 2010 12:16 pm

You're right Navet we should all quit the industry and join the Navy thanks for the sound advice we appreciate it

Navet's pissed that he aged poorly. He's peaked both physically and mentally and we in our 20s are steamrolling him both on and off the court

I hope to god I'm not bashing 20 year olds on an online forum when I'm old enough to have grey hair. It's pathetic.

Mar 12, 2010 2:03 pm

Thanks for proving my point. Your answer shows how childish you are. Truth be told, you don't have the balls to join the military. And you are too self-centered to be in this business. Steamrolling? Right. Go knock on some doors junior. Some boomer will feel sorry enough for you to buy a $5,000 bond.

Mar 12, 2010 2:37 pm

By the time I was 23, I had two bachelor's degrees, and an MBA.  I had 7 direct reports and over 200 people who reported to me of which every direct report was at least eight years older than me, and managed a $25 million budget.  I had completed basic training, infantry training and graduated as the honor graduate.  By 26 I was serving in Iraq as an infantry soldier.  By 27, I was a combat veteran and became a broker.  By 30 I was running my own RIA.

Being in your twenties does not preclude you from succeeding.  Some people don't need the military, some do.  Some join regardless of whether it will help them or not.

If my father had had an opportunity like that for me, I would have leapt at it.  I don't regret my path, but that doesn't mean anybody else's is less valid.

EDIT:  I did not receive my MBA until I was 25.

Mar 12, 2010 2:36 pm

Exactly, look at Moraen. He was clearly an unmotivated, irresponsible, half-witted rookie right out of college. It wasn't until after he joined the military that he became who he is today.

Oh wait

Case in point

You've been on these forums for 2 weeks, Navet. No one likes you. Leave.

Mar 12, 2010 2:37 pm

I was paying my way through college,when I was offered the opportunity for an NROTC scholarship. Vietnam was going hot and heavy at the time so scholarships were going begging. I spent four years as an officer on a ship in the Pacific. As a 22 year old OOD I had the wellbeing of the ship and life of the crew as my responsibility. Great experience. Now, if I had a rich daddy, I would have taken what he would have given me. But I wouldn't have been better off. Immaturity is as big a problem in this industry as lack of integrity. Nothing matches or takes the place of life experience. I wouldn't want these kids to make their mistakes with my life's savings. And I see no value in kissing their asses.

Mar 12, 2010 2:41 pm

[quote=navet]

If you are all of 21-22 yrs old, then go somewhere and get some experience. Who in their right mind is going to trust their life savings to some kid fresh out of college? Join the Navy Supply Corps. See the world and get some responsibility. What kind of pussy gets a job with his daddy? Grow up junior.

[/quote]

You'll never be able to take back this post