bump

You need sponsorship for the 7, also if you plan on going to college for the 4 years. Your license will lapse, and you will have to take the test again… Hanging your license at your dad’s firm is illegal. So My advise is take as many economic and financial course - also it would help reading and practicing for the 7. that would put you a leg up if you can - PLUS you may not want to do Financials after college.

Good Luck my friend

I would recommend working for your dad and learning the commodity side of investing before studying for series 7. In order to get liscned for your 7 you need to be sponsored by a firm, which pretty much means that you will have to work for free cold calling and connecting senior brokers to potential prospects, and trust me its not that fun and you probably won’t be learning anything on the financial side other than selling.

Will you be getting a step on anyone? Perhaps, and it would definitely be a accomplishment to get your licence at such a young age but the meat and potatoes of becoming a broker is knowing how to get clients and selling to them which the series 7 wont help you with and its kind of hard to sell yourself as a respected advisor at a young age.

But if you do have alot of free time it wouldn’t hurt to study if you have study material and you really really want to become a registered rep. Anyways good luck

I would recommend working for your dad and learning the commodity side of investing before studying for series 7. In order to get liscned for your 7 you need to be sponsored by a firm, which pretty much means that you will have to work for free cold calling and connecting senior brokers to potential prospects, and trust me its not that fun and you probably won’t be learning anything on the financial side other than selling.

Will you be getting a step on anyone? Perhaps, and it would definitely be a accomplishment to get your licence at such a young age but the meat and potatoes of becoming a broker is knowing how to get clients and selling to them which the series 7 wont help you with and its kind of hard to sell yourself as a respected advisor at a young age.

But if you do have alot of free time it wouldn’t hurt to study if you have study material and you really really want to become a registered rep. Anyways good luck

JFinn has it right. At this point, getting the 7 isn’t going to really help you and it will lapse if you can’t hang it. Would be a cool novelty to say you got it at 19 though.
One thought would be beginning work on a financial designation such as CFP or CFA, depending on what side of the business you find most interesting. It would put you ahead of classmates as well if you were well into studying for those types of programs and would make many of your presumed business finance classes pretty easy. Would also be a huge selling point when applying for work or an MBA.
My biggest recommendation would be to try and get a couple of internships for different positions in the finance industry while in school. There’s nothing like being there in person to see if these types of jobs are right for you (broker, analyst, trader, etc). Go for variety in terms of job description and firm. The more you see, the better your perspective will be.

Thank you everyone I appreciate the feedback. Really glad I asked this question, you guys clarified a lot.

@upncorner, if you don’t mind me asking, how would I go about that? ( begin working on a financial designation such as CFP of CFA)

Check your pm.

austinMAL, you do not meet the entrance requirements to enroll in the CFA program.