[quote=victore07]Hello all,

I didn’t get fired, I just wanted to use W&R as a sponsor for series 7 so I could get normal 40 hour /week job in finance. I’m looking for a financial firm or bank with entry level positions.

Did you want to become a broker? Because that’s what the Series 7 and 66 is about…they’re not licenses in finance.

Either be a broker or do financial planning. Maybe one day go for a CFP.

Just because you have a 7 & 66 it doesn’t qualify you for anything.  Starting at W&D was a mistake if you were only using them to get licensed.  A license doesn’t offer any value to any firm out there…it just says you can pass a couple test.  If you want to build a business then you need to sell.  If you want to be a back office person then you should have pursued that route.  Not sure your plan makes much sense. 

My plan probably wasn’t the best idea, but I figured I would have a better chance of getting a 9-5 financial advisor job if I had something to bring to the table. I also thought that if there were firms willing to hire entry level and train for the licenses, a candidate with the licenses already would catch their interest. I don’t know, though. Do any firms, banks hire entry level?

Wow. Nice. No one would hire you based on this.  Firms in this business are sensitive to resource use,  you and you not only are saying  but your resume will show that you used the resources of W&R to get licensed and then want to jump ship before producing for them.   That’s waste, a BIG waste. It can cost a firm between 50 and 100k to get someone licensed and operating. That’s the price of an MBA. Your post says you don’t value what you have already gotten.

victore07, one of the biggest things that employers look for is a track record of success.   By quitting W&R, you will be showing a track record of failure.  The fact that you passed your 7 is not bringing something to the table.  Any bozo who is willing to study will pass the 7.

Victore07…you’re getting some good advice here (albeit, a kick in the a$$). If you can do the work, at least one year (nothing less) at W&R is absolutely your best option. If you can’t do that, you’re going to need to build some work experience before any decent firm will hire you as a financial advisor…or any job.

By 9-5, I mean a stable income while I learn the ropes. I don’t want to gamble on my own for the next few years.

[quote=victore07] By 9-5, I mean a stable income while I learn the ropes. I don’t want to gamble on my own for the next few years.

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Then Victor my friend, this isn’t the job for you. Everybody here takes a chance to one degree or another. Some with a small salary that steps down, some with a decent salary that goes away fairly quickly. Some with no salary.



If you want stable income, you need a different job.

Grow a set. If older guys with a family and a mortgage could do it, we sure as hell can. Your making recent college grads look bad, specifically me. Financially speaking this is the best time in our lives to do this. The next five years are going to be the cheapest years of our lives, relative to years to come. If you don’t have the balls to do it now, you won’t have them when you have to save for little victors college education. Man up. 

[quote=Takingnames]

I suppose that makes some sense. I still feel like our branch manager (whom I’ve only spoken to three times) is leaving us out to dry. Oh well…

btw, “Victor” is not my name. Just a confusing screen name.

I know for a fact that Scottrade is looking to hire Series 7 licensed individuals to sit in their local branches and do customer service for basically 45-50k. Nothing more, nothing less. They need people with have a brain to help with any trade execution orders. It is 9-5 M-F, absolutely no opportunity for upward movement. One of my bankers thinks its a great opportunity, LOL !!!

This also reminds me of the scene from Boiler Room where the arrogant rookie sits in the first new trainee meeting.

Degree in math?  Go be an actuary.  Huge demand and good paying jobs.  No sales involved.

I will look into the Scottrade thing. I don’t want the “safe 9-5” forever just for a few years while I get experience. 

[quote=Ron 14]This also reminds me of the scene from Boiler Room where the arrogant rookie sits in the first new trainee meeting.