iceco1d:

Probably only if you lie…why would someone take the time, expense, and liability to do nothing more than cultivate a future competitor?

  That is outstanding insight Joe.

The other element is that if people are getting laid off then there will be more applicants with S7 applying for said jobs. I have my 7 and when I was applying for non-commission jobs the general feeling was that they recieved 100 other resumes, then of course the jobs would get frozen in HR after 5 interviews so nobody got hired at all.

  Unless you want to be an advisor I don't know if it's all that easy to find an exciting and well-paid salary position with a Series 7 anymore, I always think if your parents (aka "natural network") don't come from money the best thing to do is get experience in another field first, build your own "natural network", and then when you can afford to do it make the leap and be an advisor. If you're under 30 years old chances are the only wealthy people you know would be friends of parents, if you're under 30 and your parents are middle class you basically are at a big disadvantage versus the guys that come frome a wealthy network. It's just the way life is I guess but the wirehouse model will not really support a business built off non-qualified prospects so if you don't know these types of HNW individuals then you need to meet them somewhere.   The thing that pisses me off is that I want to do something else for a few years, I am pursuing a dream career right now and my licenses die in 2 years unless I saddle up with Crimerica or something like that, in a way I'd rather let them die then form an affiliation that I would be ashamed of. Seems like most private equity firms are reserving their spots for Ivy League only applicants and all the staff trader jobs at investment companies are frozen or flooded. By the time the balance comes back to the industry for the licensed non-advisor roles my licenses will be dead, sure maybe there's a job out there waiting to be applied for and I moved on without checking, there's also a winning scratch ticked somewhere that I haven't bought, at some point one has to just take their chips to another table.  

Hi,

To the person inquiring about being sponsored , you can go to www.stockbrokerclass.com thats how I got started years ago. PM me if you want more info.

[quote=radernation-1]Hi,

To the person inquiring about being sponsored , you can go to www.stockbrokerclass.com thats how I got started years ago. PM me if you want more info.[/quote]


Every so often I feel compelled to contribute.  Keep in mind that I don't have much experience, just thirty five years, ending with a decade of senior wirehouse management.  Recruiting and training reported to me.

Earlier in this thread somebody mentioned the FACT that you must list all of your previous employers forever.  It is NEVER a good idea to allow yourself to be sponsored by a place you have no intention of working.  That screams, "I am a slacker who is always looking for the shortcut, the easy way out."  Not good.

The place mentioned above is a scam.  The poster who put the link there is either a bird dog for them or working as a scam artist in one of the bucket shops that (sadly) continue to exist.  Just look at that website.  It is about as cheesy as they come.  By comparison look at www.stcusa.com.

It is a Catch 22, and it is that way by design.  The best thing a kid who wants to be in the business can do is wait till they're thirty before even trying.  The odds of succeeding improve at age thirty.  Nobody trusts twenty three year old slackers with a skate board in their car with their money.  It just doesn't happen.

I will be flamed for that statement.  This forum is crawling with punks who will tell you that they're 23 and are wildly successful.  They'll also tell you that they passed Series 7 without studying and did it in forty five mintues per side.  They're liars, but they're fun to read.

For the guy who is frustrated by the fact that the banks are looking for already licensed people.  That's not always the case, you're seeing want ads or things at on-line sources like Monster.com that make it appear that way but its not really factual.

Here's the most powerful thing you can do in the Catch 22 world.  Tell the interviewer that you've been studying for the Series 7 and will PASS it as soon as they can process your U-4.  Tell them that you understand that you won't actually be hired unless you pass the test.

Some managers, not all but some, will be impressed with your confidence and previious planning.  Others, most, will not be.  But it's a numbers game, right?

I could go on for hours so I best cut this short.  I want to close with one more piece of advice.

If you're interviewing in an environment that looks cheesy, get the hell out of there.  You can ruin any career possibility you have by allowing yourself to be hired by a bucket shop.

If the salesforce appears to be a bunch of punks, get out of there.

If the manager is not at least forty and/or is wearing bling, get the hell out of there.

If they tell you that they do a lot of Over The Counter stocks, get the hell out of there.

If you don't see a lot of computer terminals, get the hell out of there.

If the receptionist looks slutty, get the hell out of there.

If they tell you how much money you can make, get the hell out of there.  (A decent firm will tell you how hard it is going to be so that's why they're going to pay you for a year or two while you break in.)

If their name sounds like it was made up to suggest something else, get the hell out of there.  A good example is a few years ago there was a firm called "A.S. Goldman" operating in the NYC area.  On the phone their brokers would identify themselves as being with Goldman Sachs.  If they were later told, "I thought you said you were with Goldman Sachs" they would simply say that the client must have been mistaken, that it's easy to do when the names are so similar.

But the best advice is to not even think of becoming a financial advisor during The Age of Obama, it's going to be a horrible time in our country's history.

To Mr Provacative ,

I actually have been a registered representative for many years at the firm. By the way I dont have four legs (like a dog) nor do I fly (like a bird) If you do have 35 years of experience , I would think that you would not be so judgemental about websites and assuming that people are birddogs . But you are who you are you . Your opinion is of no consequence to anyone . That is neither a good thing or a bad thing . Btw if you want to see our other "cheesy" website it is www.questcapital.com 

[quote=radernation-1]To Mr Provacative ,

I actually have been a registered representative for many years at the firm. By the way I dont have four legs (like a dog) nor do I fly (like a bird) If you do have 35 years of experience , I would think that you would not be so judgemental about websites and assuming that people are birddogs . But you are who you are you . Your opinion is of no consequence to anyone . That is neither a good thing or a bad thing . Btw if you want to see our other "cheesy" website it is www.questcapital.com  [/quote]

That does look a bit cheesy, the whole page doesn't even load. But, what do I know, I was able to get a nice grade on the 7 and it took me two hours. Bonus, I'm young and dumb.

Gaddock:

The easiest and quickest way to get sponsprship without having to lie or cheat is call a prop shop like Bright. They will sponsor anybody. You will have to pay the entire ticket but there is free lunch.

  What's the deal with Bright anyways? The websites all look vague, anyone have a cut and dry explanation or Bright, Quest, etc etc?

Perhaps a daily zazen session will help remove some of the anger you carry inside . I do not annoy you it is you who annoy yourself   "You are who you are" Your opinion (and mine) are of no consequence.